Question 1

What makes a portfolio ARM different from a regular ARM?

Accepted Answer

The lender holds it instead of selling it. That means they write their own rules on income, credit, and terms.

Question 2

Can I get a portfolio ARM if I'm self-employed in Santee?

Accepted Answer

Yes. Most portfolio ARM programs accept bank statements or asset depletion instead of tax returns. That's a core reason borrowers choose them.

Question 3

What are the rate adjustment caps I should watch?

Accepted Answer

Ask for the initial cap, periodic cap, and lifetime cap. Each limits how much your rate can move at adjustment.

Question 4

How long is the fixed period on a portfolio ARM?

Accepted Answer

Common structures are 3/1, 5/1, 7/1, and 10/1. Your fixed period should match how long you plan to keep the loan.

Question 5

Do portfolio ARMs require a larger down payment in San Diego?

Accepted Answer

Most lenders want 20% minimum. Some go lower with strong reserves, but 20% is the standard starting point.

Question 6

Can investors use portfolio ARMs for rentals in Santee?

Accepted Answer

Yes, and it's a common use case. Investors often pair portfolio ARMs with rental income or DSCR analysis to qualify.

Portfolio ARMs in Santee — Flexible Financing on Your Terms