Question 1

What credit score do I need for a portfolio ARM in San Mateo?

Accepted Answer

Most lenders want 660 minimum, but we've placed borrowers at 620 with 30% down and strong reserves. Each portfolio lender sets their own floor.

Question 2

How do portfolio ARMs handle stock compensation?

Accepted Answer

Portfolio lenders evaluate equity comp case by case. Some average vesting history, others project future grants if you're at an established company.

Question 3

Can I qualify using cryptocurrency holdings?

Accepted Answer

Some portfolio lenders now accept verified crypto as reserves and income sources. Availability depends on the specific lender and their risk appetite.

Question 4

What happens when my portfolio ARM adjusts?

Accepted Answer

Your rate adjusts based on an index plus the margin specified in your note. Most portfolio ARMs cap each adjustment at 2% and lifetime at 5-6%.

Question 5

Do portfolio ARMs have prepayment penalties in San Mateo?

Accepted Answer

Some do, some don't. Lenders negotiate this point. We always ask for no penalty or a short sunset period.

Question 6

How long does portfolio ARM approval take?

Accepted Answer

Figure 3-5 weeks from application to close. Portfolio loans require more manual underwriting than agency products, which adds time.

Portfolio ARMs in San Mateo: Flexible Financing for High-Value Properties