Question 1

How much do portfolio ARM rates adjust after the fixed period?

Accepted Answer

Most adjust based on an index plus a margin. Rate caps limit increases to 2% per adjustment period and 5-6% over the loan lifetime.

Question 2

Can I refinance before the rate adjusts?

Accepted Answer

Yes, most borrowers refinance during the fixed period. No prepayment penalties apply after year three on most portfolio ARMs.

Question 3

Do portfolio lenders accept agricultural income for Santa Paula properties?

Accepted Answer

Yes, but they'll want two years of tax returns showing consistent farm income. Some require a CPA-prepared profit and loss statement.

Question 4

What property types won't portfolio ARM lenders touch?

Accepted Answer

Most avoid properties over 10 acres or anything zoned commercial-only. Mixed-use buildings typically work if residential use is documented.

Question 5

How fast can a portfolio ARM close in Santa Paula?

Accepted Answer

Private portfolio lenders close in 10-14 days. Regional banks take 30-45 days due to committee approval processes.

Portfolio ARM Loans in Santa Paula — Flexible Terms for Complex Income