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Tehama is a small, rural community in Tehama County. Conventional lending rarely fits borrowers here the way it does in larger metros.
HousingWire flagged a 10.4% drop in mortgage applications as fixed rates hit 6.57%. ARM demand shifted — and portfolio ARMs are picking up that interest.
Adjustable (ARM)
Rate Type
3, 5, 7, or 10 yr
Initial Fixed Period
Varies by lender
Credit Flexibility
Non-QM
QM Status
Alt-doc accepted
Income Docs
Portfolio ARMs in Tehama
Portfolio ARMs are non-QM loans. Lenders don't follow Fannie Mae or Freddie Mac rules — they write their own.
Self-employed borrowers, investors, and those with complex income often qualify here when standard loans say no.
Local decision guide
Use this guide to connect portfolio arms eligibility, lender expectations, and local market factors before comparing payment options in Tehama.
Tehama is a small, rural community in Tehama County. Conventional lending rarely fits borrowers here the way it does in larger metros.
HousingWire flagged a 10.4% drop in mortgage applications as fixed rates hit 6.57%. ARM demand shifted — and portfolio ARMs are picking up that interest.
Portfolio ARMs are non-QM loans. Lenders don't follow Fannie Mae or Freddie Mac rules — they write their own.
Most banks won't touch portfolio ARMs in rural Tehama. Credit unions and private lenders are your real options.
As a broker with access to 200+ wholesale lenders, we find portfolio ARM programs that never show up at a local bank window.
Portfolio ARMs make sense when you plan to sell or refinance before the rate adjusts. Don't take one if you're planting roots for 30 years.
Watch the index and margin terms closely. Two lenders may quote the same start rate but build in very different adjustment caps.
A 30-year fixed locks your rate but starts higher. A portfolio ARM opens lower — and that gap matters on a tight monthly budget.
DSCR loans work for rental income properties. Bank statement loans target self-employed. Portfolio ARMs can overlap both and add rate flexibility.
Rural Tehama properties — ag land, mixed-use parcels, older homes — often get rejected by conventional lenders. Portfolio lenders don't blink at them.
Appraisals can be tough in small markets with few comps. Portfolio lenders tend to give more flexibility on collateral evaluation.
The lender keeps the loan instead of selling it. That means they set their own rules on income, property type, and rate structure.
Yes. Portfolio lenders routinely approve property types that Fannie and Freddie won't touch. Rural Tehama is a strong use case.
It depends on the lender. Common terms are 3, 5, 7, or 10 years fixed before the rate begins adjusting.
No rate is guaranteed. Your loan docs will show periodic and lifetime adjustment caps — read those before you sign.
No. Portfolio lenders often accept bank statements, asset depletion, or business income. Ask us what doc type fits your situation.
Yes — and they're popular with investors who plan to flip or refi within the fixed period. They pair well with short hold strategies.