Question 1

What makes a portfolio ARM different from a regular ARM?

Accepted Answer

The lender keeps it instead of selling it. That means they can set their own terms, accept non-standard income, and move faster.

Question 2

Are portfolio ARMs available to investors in Lathrop?

Accepted Answer

Yes. Investors are actually the most common users. These loans don't require W-2 income and can close on non-owner properties.

Question 3

How does the rate adjust after the initial period?

Accepted Answer

Most have caps — typically 2% per adjustment and 5-6% lifetime. Your lender sets those terms, so they vary by program.

Question 4

Can I use bank statements to qualify for a portfolio ARM?

Accepted Answer

Many lenders allow it. Portfolio loans are non-QM, so alternative income docs like bank statements are often accepted.

Question 5

What credit score do I need in San Joaquin County?

Accepted Answer

Minimums range from 620 to 680 depending on the lender. Higher scores get better initial rates. Rates vary by borrower profile and market conditions.

Question 6

How long does a portfolio ARM take to close?

Accepted Answer

Non-QM loans can take 21 to 30 days. Some portfolio lenders move faster because they make their own decisions without agency review.

Portfolio ARMs in Lathrop, CA: Flexible Rates, Fewer Rules