Question 1

What makes a portfolio ARM different from a regular ARM?

Accepted Answer

The lender keeps the loan instead of selling it. That lets them set their own terms, approve non-standard income, and move faster than agency guidelines allow.

Question 2

Can I use a portfolio ARM to buy a rental in Porterville?

Accepted Answer

Yes. Portfolio ARMs are commonly used for investment purchases. Lenders will want reserves and may require larger down payments than owner-occupied loans.

Question 3

What credit score do I need for a portfolio ARM?

Accepted Answer

Most lenders start at 620, but stronger profiles get better rates. Scores above 680 open up more lender options and tighter pricing.

Question 4

How do rate adjustments work after the fixed period?

Accepted Answer

After the initial fixed period, your rate adjusts on a set schedule — usually annually. Ask your broker for the cap structure before committing.

Question 5

Is a portfolio ARM a non-QM loan?

Accepted Answer

Yes. Portfolio ARMs fall outside standard Qualified Mortgage rules. That's why they're more flexible — and why lender requirements vary so much.

Question 6

Does self-employed income qualify for a portfolio ARM in Tulare County?

Accepted Answer

Yes. Many portfolio ARM lenders accept bank statements instead of tax returns. That's a major advantage for self-employed buyers in the area.

Portfolio ARMs in Porterville — Flexible Rates, Real Approval Power