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Fixed rates are stiff right now. HousingWire flagged the 30-year fixed hitting 6.57% — and ARM demand is shifting as a result.
Portfolio ARMs give Grand Terrace borrowers a lower starting rate. That gap matters when you're buying in San Bernardino County.
Below 30-yr fixed
Initial Rate
620+ typical
Min Credit Score
3, 5, or 7 years
Fixed Period
Non-QM
Loan Type
200+ wholesale
Lenders Available
Portfolio ARMs in Grand Terrace
Portfolio ARMs are non-QM loans. Lenders hold them in-house, so they set their own rules — not Fannie Mae's.
Credit requirements vary by lender. Most want a 620+ score, but some portfolio lenders go lower for strong borrowers.
Local decision guide
Use this guide to connect portfolio arms eligibility, lender expectations, and local market factors before comparing payment options in Grand Terrace.
Fixed rates are stiff right now. HousingWire flagged the 30-year fixed hitting 6.57% — and ARM demand is shifting as a result.
Portfolio ARMs give Grand Terrace borrowers a lower starting rate. That gap matters when you're buying in San Bernardino County.
Portfolio ARMs are non-QM loans. Lenders hold them in-house, so they set their own rules — not Fannie Mae's.
Most banks don't offer true portfolio ARMs. Credit unions and specialty lenders are where these programs actually live.
SRK CAPITAL works with 200+ wholesale lenders. We know which ones hold ARMs in-house and price them competitively.
Portfolio ARMs work best for borrowers with a clear exit. Think 5-7 year horizon before selling or refinancing.
Don't use this loan if you plan to hold long-term. The rate adjusts — and that adjustment can hit hard after year five.
DSCR loans are for rental income properties. Portfolio ARMs can serve both primary homes and investment buys.
Bank Statement loans verify income differently but still come with fixed or ARM options. Portfolio ARMs offer more rate flexibility upfront.
Grand Terrace sits in the Inland Empire — a market with strong investor activity and a mix of owner-occupants and rentals.
San Bernardino County has no shortage of portfolio lender options. But terms vary widely. Rate shopping matters here.
The lender keeps it. No Fannie Mae rules apply. That means more flexibility on income docs and property types.
Yes. Many portfolio lenders allow investment property use. Terms depend on the lender — we'll find the right one.
It depends on the product. Most adjust annually after an initial fixed period of 3, 5, or 7 years.
Not always. Some lenders accept bank statements or asset depletion. That's the point of keeping it in-house.
Most lenders start at 620. Some go lower for strong assets or larger down payments. Rates vary by borrower profile and market conditions.