A Portfolio ARM or Portfolio Jumbo Arm is a loan for an amount over $625,000 that is owned as part of the lender’s private portfolio. Because it is an Adjustable Rate Mortgage (ARM) it offers borrowers a low interest rate for an initial period, then adjusts with the market – usually on an annual basis. Portfolio ARM loans also offer lower credit requirements and are more forgiving of prior foreclosures or bankruptcies.

Lower credit requirements and lower interest rate over initial period.Portfolio ARM

Portfolio ARM loans are popular with borrowers with less than perfect credit or those who intend to sell their home before the rate adjusts or believe their income will increase before the fixed rate period expires.


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Features and Benefits

• 620+ FICO score
• 1 Year Seasoning on foreclosure, bankruptcy, and Short Sale
• Loan Amounts up to $2.5MM
• 55% LTV up to 1M, 50% over 1M
• Qualify with 12 months bank statements

Programs available to qualified borrowers only. Some Restrictions may apply. Programs subject to change without notice. Contact eLucid for more information.

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