Question 1

How does adjustable rate pricing work after the fixed period?

Accepted Answer

Your rate adjusts based on an index plus the lender's margin. Caps limit how much it can increase per adjustment and over the loan life.

Question 2

Can I qualify with seasonal farm income?

Accepted Answer

Yes. Portfolio lenders analyze 12-24 months of bank deposits to verify consistent annual income despite seasonal fluctuations.

Question 3

What happens if I want to refinance before adjustment?

Accepted Answer

Most borrowers do exactly this. No prepayment penalty means you can refinance whenever rates or your financial situation improves.

Question 4

Do these loans work for investment properties in Guadalupe?

Accepted Answer

Yes, but you'll need 25% down and stronger reserves. DSCR Loans might offer better terms if rental income covers the payment easily.

Question 5

How long does portfolio ARM underwriting take?

Accepted Answer

Expect 30-45 days. Non-QM loans require more documentation review than conventional products, especially for complex income sources.

Portfolio ARMs in Guadalupe: Flexible Financing for Non-Traditional Borrowers