Question 1

What makes a portfolio ARM different from a regular ARM?

Accepted Answer

The lender keeps the loan instead of selling it. That lets them offer terms Fannie and Freddie won't allow.

Question 2

Can self-employed buyers use a portfolio ARM in Del Mar?

Accepted Answer

Yes. Portfolio lenders often accept bank statements or asset depletion instead of tax returns. It's one of the main reasons buyers in Del Mar choose this product.

Question 3

What loan amounts are available?

Accepted Answer

Portfolio ARMs have no conforming loan limit. Lenders set their own maximums — multi-million dollar loans are common in Del Mar.

Question 4

How does the rate adjustment work?

Accepted Answer

After the fixed period ends, the rate adjusts based on an index plus a margin. Ask your lender for the periodic and lifetime caps before closing.

Question 5

Is a portfolio ARM risky for a Del Mar purchase?

Accepted Answer

It depends on your hold period. Buyers who plan to sell or refi within seven years often benefit. Holding past the adjustment window without a plan is where risk builds.

Portfolio ARMs in Del Mar: Flexible Financing for High-Value Homes