Question 1

How often do Portfolio ARM rates adjust in Dixon?

Accepted Answer

After the initial fixed period ends, most adjust annually based on an index plus margin. Your lender determines the specific adjustment schedule and caps.

Question 2

Can I refinance out of a Portfolio ARM later?

Accepted Answer

Yes, most borrowers refinance into fixed-rate loans once their income documentation improves. Your property must appraise and you need qualifying credit.

Question 3

What properties in Dixon need Portfolio ARMs?

Accepted Answer

Rural acreage over 10 acres, agricultural properties, homes needing repairs, and investment properties with unconventional rental arrangements work best.

Question 4

Do Portfolio ARMs require reserves in Solano County?

Accepted Answer

Most lenders want 6-12 months reserves for investment properties. Primary residences may require less depending on your down payment and credit profile.

Question 5

How does self-employment affect Portfolio ARM approval?

Accepted Answer

Portfolio lenders use bank statements or 1099s instead of tax returns. You'll typically need 12-24 months of consistent deposits to verify income.

Portfolio ARMs in Dixon: Flexible Financing Beyond Standard Guidelines