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Fillmore sits in Ventura County's Santa Clara River Valley. It's a smaller market with tighter inventory and buyers who often don't fit cookie-cutter loan boxes.
HousingWire flagged a 10.4% drop in mortgage applications as the 30-year fixed hit 6.57%. That's pushing serious buyers toward ARMs — and portfolio ARMs specifically offer terms most conventional lenders won't touch.
Adjustable (ARM)
Rate Type
5, 7, or 10 Years
Common Fixed Periods
Varies by Lender
Min Credit Score
Non-QM
Loan Classification
200+ Wholesale
Lenders Available
Portfolio ARMs in Fillmore
Portfolio ARMs are non-QM loans. Lenders set their own guidelines — no Fannie Mae or Freddie Mac rules apply.
Credit, income, and asset standards vary by lender. Self-employed borrowers, investors, and those with irregular income are the core borrowers this product serves.
Local decision guide
Use this guide to connect portfolio arms eligibility, lender expectations, and local market factors before comparing payment options in Fillmore.
Fillmore sits in Ventura County's Santa Clara River Valley. It's a smaller market with tighter inventory and buyers who often don't fit cookie-cutter loan boxes.
HousingWire flagged a 10.4% drop in mortgage applications as the 30-year fixed hit 6.57%. That's pushing serious buyers toward ARMs — and portfolio ARMs specifically offer terms most conventional lenders won't touch.
Portfolio ARMs are non-QM loans. Lenders set their own guidelines — no Fannie Mae or Freddie Mac rules apply.
Most banks won't advertise portfolio ARMs. They keep these loans on their own books — which means terms differ significantly from lender to lender.
We work with 200+ wholesale lenders. That reach matters here. Few borrowers find competitive portfolio ARM pricing without someone shopping it aggressively.
Portfolio ARMs shine for buyers planning to sell or refinance within 5-7 years. The initial fixed period gives you rate stability when you need it most.
The real trap is ignoring adjustment caps. Know your margin, your index, and your lifetime cap before you sign. Rates vary by borrower profile and market conditions.
A conventional fixed loan is simpler. But at today's fixed rates, a portfolio ARM's starting rate can be meaningfully lower — that's real monthly savings early on.
DSCR loans work for rental properties using rent income. Bank statement loans serve the self-employed. Portfolio ARMs can overlap both — and add rate flexibility on top.
Fillmore is a smaller Ventura County market. Buyers here often include local business owners, agricultural workers, and investors — not the typical W-2 earner a conventional lender loves.
Properties in Fillmore sometimes have unique characteristics — acreage, mixed-use zoning, or rural features. Portfolio lenders are far more comfortable with these than agency lenders.
The lender keeps it on their own books instead of selling it. That means they set their own guidelines — more flexibility for borrowers who don't fit agency standards.
Risk depends on your exit strategy. If you plan to sell or refi before the rate adjusts, the risk is low. Holding past the fixed period without a plan is where borrowers get caught.
It varies by lender — that's the point of portfolio lending. Some go as low as 620, others want 680+. We shop your profile across lenders to find the best fit.
Yes. Investors are a core use case. These loans pair well with rental properties where conventional financing falls short.
Common terms are 5/1, 7/1, or 10/1 — fixed for that many years, then adjusting annually. The right term depends on how long you plan to hold the property.
Yes. They adjust based on an index plus a margin. Your loan documents will spell out caps that limit how much the rate can move at each adjustment.