Question 1

How often do portfolio ARMs adjust rates?

Accepted Answer

Most adjust annually after an initial fixed period of 3, 5, or 7 years. Adjustment caps limit increases to 2% per adjustment and 5% lifetime.

Question 2

Can I qualify with crypto assets in Half Moon Bay?

Accepted Answer

Select non-QM lenders now count verified cryptocurrency holdings toward reserves and income. Requirements vary by lender and volatility considerations apply.

Question 3

What credit score do I need for a portfolio ARM?

Accepted Answer

Minimum 620 for most programs, but 680+ unlocks better rates and terms. Higher scores offset other risk factors like low down payment.

Question 4

Do portfolio ARMs work for vacation rentals?

Accepted Answer

Yes, portfolio lenders evaluate projected rental income without requiring two-year history. This works well for Half Moon Bay short-term rental properties.

Question 5

How does Fed rate policy affect my portfolio ARM?

Accepted Answer

When the Fed cuts rates, portfolio ARMs typically adjust downward at your next adjustment date. Caps limit how much rates can drop in one adjustment.

Question 6

What down payment do I need in Half Moon Bay?

Accepted Answer

Primary homes start at 20% down, second homes at 25%, investment properties at 30%. Higher down payments improve rates and approval odds.

Portfolio ARMs in Half Moon Bay: Flexible Financing for Coastal Properties