Question 1

What makes a portfolio ARM different from a regular ARM?

Accepted Answer

The lender keeps the loan instead of selling it. That means more flexible terms, but also higher reserve and credit requirements.

Question 2

Can I use a portfolio ARM to buy in Simi Valley as a self-employed borrower?

Accepted Answer

Yes. Portfolio lenders accept alternative income documentation. Bank statements or asset depletion can work where W-2s don't.

Question 3

How often does the rate adjust on a portfolio ARM?

Accepted Answer

It depends on the loan structure — 5/1, 7/1, and 10/1 ARMs are common. The rate stays fixed for the initial term, then adjusts annually.

Question 4

Is there a cap on how much my rate can increase?

Accepted Answer

Most portfolio ARMs include periodic and lifetime caps. Review your note carefully — caps vary by lender and product.

Question 5

Are portfolio ARMs harder to qualify for than conventional loans?

Accepted Answer

Often yes. Reserves and credit standards can be stricter. The trade-off is income flexibility that conventional loans won't offer.

Question 6

Does SRK CAPITAL offer portfolio ARMs in Simi Valley?

Accepted Answer

Yes. We have wholesale access to lenders that specialize in portfolio products for Ventura County borrowers.

Portfolio ARMs in Simi Valley — Flexible Financing on Your Terms