Question 1

What makes a portfolio ARM different from a regular ARM?

Accepted Answer

The lender keeps this loan in-house instead of selling it. That lets them set custom terms standard programs won't allow.

Question 2

How much do I need to put down in El Cajon?

Accepted Answer

Most portfolio ARM lenders want 20% or more. Some go lower with strong reserves and clean credit.

Question 3

Is this loan a good fit for investment properties in El Cajon?

Accepted Answer

It can work, but DSCR loans are often a cleaner fit for rentals. Ask us to compare both for your deal.

Question 4

What happens when the rate adjusts?

Accepted Answer

Your rate changes based on an index plus a margin. Caps limit how much it can move per adjustment period.

Question 5

Can I qualify with bank statements instead of tax returns?

Accepted Answer

Many portfolio ARM lenders accept 12-24 months of bank statements. This is one of their main selling points.

Question 6

How long should I plan to keep a portfolio ARM?

Accepted Answer

Most borrowers use them as a bridge — 3 to 5 years max. Plan to refinance before the adjustment period hits.

Portfolio ARMs in El Cajon: Flexible Financing on Your Terms