Question 1

How often does the rate adjust on a portfolio ARM?

Accepted Answer

Most adjust annually after a 3, 5, or 7-year fixed period. Each lender sets their own adjustment caps and index margins.

Question 2

Can I get a portfolio ARM with multiple rental properties?

Accepted Answer

Yes. Portfolio lenders often approve borrowers with 4-10 financed properties where Fannie Mae stops at four.

Question 3

What income docs do portfolio ARM lenders accept?

Accepted Answer

Bank statements, tax returns, asset depletion, or rental income. Each lender has different requirements for each method.

Question 4

Are portfolio ARM rates higher than agency ARMs?

Accepted Answer

Typically 0.5-1% higher. You pay for the flexibility to qualify outside standard guidelines. Rates vary by borrower profile.

Question 5

Do portfolio ARMs work for self-employed borrowers in Oxnard?

Accepted Answer

Absolutely. Bank statement programs through portfolio lenders avoid the tax return complications self-employed borrowers face with agency loans.

Portfolio ARM Loans in Oxnard: Flexible Financing Beyond Agency Rules