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San Juan Bautista is a small San Benito County market. Properties here don't fit the cookie-cutter mold most conventional lenders prefer.
HousingWire flagged a 10.4% drop in mortgage applications as the 30-year fixed hit 6.57%. That rate environment is exactly where Portfolio ARMs gain traction.
Typically 1-2% lower
Initial Rate vs. Fixed
3, 5, 7, or 10 yrs
Fixed Period Options
Lender-set minimums
Credit Flexibility
Non-QM
Loan Classification
Bank stmts, assets, P&L
Income Doc Options
Portfolio ARMs in San Juan Bautista
Portfolio ARMs are non-QM loans. Lenders hold them in-house instead of selling them, so they write their own rules.
Self-employed borrowers, investors, and buyers with complex income qualify here. Standard W-2 documentation is not required by most portfolio lenders.
Local decision guide
Use this guide to connect portfolio arms eligibility, lender expectations, and local market factors before comparing payment options in San Juan Bautista.
San Juan Bautista is a small San Benito County market. Properties here don't fit the cookie-cutter mold most conventional lenders prefer.
HousingWire flagged a 10.4% drop in mortgage applications as the 30-year fixed hit 6.57%. That rate environment is exactly where Portfolio ARMs gain traction.
Portfolio ARMs are non-QM loans. Lenders hold them in-house instead of selling them, so they write their own rules.
Most banks won't touch a portfolio ARM. Credit unions and private lenders are the primary source.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in portfolio products for markets like San Juan Bautista.
Portfolio ARMs fit a specific borrower. If you plan to sell or refinance within 5-7 years, the lower initial rate saves real money.
The risk is the rate adjustment. Know your caps — periodic and lifetime. A 2/6 cap structure is different from a 5/5. Ask before you sign.
A 30-year fixed gives you certainty. A Portfolio ARM gives you a lower starting rate with future variability. Neither is universally better.
DSCR loans are another non-QM option for investors. Portfolio ARMs can offer more flexible debt coverage requirements than standard DSCR products.
San Juan Bautista has limited inventory and a mix of rural and historic properties. Appraisals can be tricky with few comps.
Portfolio lenders don't have to meet secondary market appraisal standards. That flexibility matters in low-volume markets like San Benito County.
It's an adjustable rate mortgage a lender keeps on its own books. That means more flexible terms than agency loans.
Common options are 3, 5, 7, or 10 years fixed. After that, the rate adjusts on a set schedule.
Yes. Portfolio lenders routinely finance investor purchases. Guidelines vary, so qualification depends on the specific lender.
Your rate moves based on an index plus a margin. Caps limit how much it can move per adjustment and over the loan life.
No. Portfolio lenders set their own credit minimums. Some approve borrowers conventional lenders would decline. Rates vary by borrower profile and market conditions.
Most portfolio lenders don't advertise to consumers. A broker with wholesale access can compare multiple programs you'd never find on your own.