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Colfax sits in the Sierra Nevada foothills, drawing buyers who often don't fit standard loan boxes. Portfolio ARMs are built for exactly that.
HousingWire flagged a 10.4% drop in mortgage applications as the 30-year fixed hit 6.57%. ARM demand is shifting — and portfolio ARMs offer rates that fixed products can't touch right now.
Adjustable (ARM)
Rate Type
3, 5, 7, or 10 years
Fixed Period Options
Varies by lender
Credit Flexibility
Non-QM / Portfolio
Loan Category
Flexible — bank stmts OK
Income Docs
Portfolio ARMs in Colfax
These loans are non-QM — meaning lenders set their own standards. Credit, income, and asset requirements vary widely by lender.
Self-employed buyers, investors, and borrowers with complex income often qualify here when conventional loans say no.
Local decision guide
Use this guide to connect portfolio arms eligibility, lender expectations, and local market factors before comparing payment options in Colfax.
Colfax sits in the Sierra Nevada foothills, drawing buyers who often don't fit standard loan boxes. Portfolio ARMs are built for exactly that.
HousingWire flagged a 10.4% drop in mortgage applications as the 30-year fixed hit 6.57%. ARM demand is shifting — and portfolio ARMs offer rates that fixed products can't touch right now.
These loans are non-QM — meaning lenders set their own standards. Credit, income, and asset requirements vary widely by lender.
Portfolio lenders keep these loans on their own books. That means each lender writes its own rules — terms differ significantly.
At SRK CAPITAL, we access 200+ wholesale lenders. We find which ones actually compete for borrowers in Placer County.
Most borrowers pursuing portfolio ARMs in foothill markets have either complex income or short expected hold times. Know which camp you're in before picking a product.
The rate adjustment schedule is what kills deals later. A 5/1 ARM is very different from a 7/6 ARM. Understand your caps before signing.
Compared to a 30-year fixed, a portfolio ARM gives you a lower starting rate. That gap matters if you plan to sell or refinance within seven years.
DSCR loans and bank statement loans share the non-QM space. Portfolio ARMs often win on initial rate — but carry more long-term risk if rates rise.
Colfax properties include acreage, older homes, and non-standard builds. Many don't qualify for conforming loans. Portfolio lenders handle these comfortably.
Placer County's foothill market attracts remote workers and part-time residents. Portfolio ARMs work well for buyers with irregular income or seasonal cash flow.
Portfolio ARMs stay on the lender's books instead of being sold. That gives lenders freedom to set their own terms and accept more borrower types.
Yes. Portfolio lenders are often the best option for rural or non-standard properties that conforming loans reject.
It depends on the product — common terms are 3, 5, 7, or 10 years fixed before the rate adjusts annually.
Yes. They don't follow standard qualified mortgage guidelines. Each lender sets its own credit and income requirements.
Your rate adjusts based on an index plus a margin. Caps limit how much it can move per adjustment and over the loan's life.
Often yes. If you plan to sell or refinance within the fixed period, you capture the low initial rate without exposure to adjustments.