Question 1

What does 'portfolio' mean for my loan?

Accepted Answer

The lender keeps your loan instead of selling it. That means they set their own terms and can approve scenarios banks won't touch.

Question 2

How long is the fixed period on a portfolio ARM?

Accepted Answer

Most run 5, 7, or 10 years fixed before adjusting. The right term depends on how long you plan to hold the property.

Question 3

Can I qualify with self-employment income?

Accepted Answer

Yes. Portfolio ARM lenders often accept 12 or 24 months of bank statements in place of tax returns. It's one of the main reasons self-employed borrowers use them.

Question 4

Are portfolio ARMs available for investment properties in Moorpark?

Accepted Answer

Absolutely. Investors use them specifically for the lower initial payment. They pair well with rental properties where you plan to refinance or sell within the fixed period.

Question 5

What credit score do I need?

Accepted Answer

Most portfolio ARM lenders start at 680. Some go lower with stronger reserves or a larger down payment — terms vary by lender.

Question 6

How is a portfolio ARM different from a regular ARM?

Accepted Answer

A regular ARM is sold to Fannie or Freddie and follows agency rules. A portfolio ARM stays with the lender, allowing more flexible qualifying criteria.

Portfolio ARMs in Moorpark — Flexible Financing, Smarter Terms