Get the home you want NOW! Start with fixed rates with affordable monthly payments then gain the flexibility of an adjustable rate.
What is an adjustable-rate mortgage loan (ARM)?
An adjustable-rate mortgage (ARM) is a loan in which the interest rate changes based upon a pre-determined index. The ARM loan includes an initial fixed-rate period with a choice of either 5, 7 or 10 years.
ARMs are a good choice for YOU if:
Apply for a 5/1 ARM Apply Now
Apply for a 7/1 ARM Apply Now
Apply for a 10/1 ARM Apply Now
Payments do not include amounts for tax and insurance premiums (including flood insurance), if applicable, and the actual payment obligation may be greater
Maximum 95% LTV for purchases. PMI will be required over 80% LTV
Adjustable rate mortgages use the 5 Year Treasury Constant Maturity as the index, caps 2% and 6% and a floor of 2.75%
The actual interest rate and fees available to you will be based on your credit profile, property type, loan-to-value and other factors, and may be different than the rates advertised here. Payments do not include amounts for tax and insurance premiums (including flood insurance), if applicable, and the actual payment obligation may be greater. No prepayment penalty.
No points Adjustable Rate Mortgage payment based on $150,000.00 at 6.658% APR for 30 years is $875.36 (Monthly payments shown do not include real estate taxes, PMI (Private Mortgage Insurance) or homeowners insurance. A rate lock fee will apply. Up to 95% LTV.
Adjustable Rate Mortgages are variable, and your Annual Percentage Rate (APR) may increase after the original fixed-rate period. The First Adjusted Payments displayed are based on the current Constant Maturity Treasury (CMT) index, plus the margin (fully indexed rate) as of the stated effective date rounded to nearest 1/8th of one percent. All loans subject to credit approval.
These rate offers are subject to change. Rates displayed are the "as low as" rates for purchase loans and refinances. Rates are based on creditworthiness, loan-to-value (LTV), occupancy and loan purpose, so your rate and terms may differ. All loans subject to credit approval.
*APR = Annual Percentage Rate; APY = Annual Percentage Yield; Terms and conditions apply.
Click here for Loan Rates & Disclosure. Click here for Home Loan Rates & Disclosure. Click here for Savings Rates & Disclosure.
Calculator is for informational use only. Your actual loan terms will vary based on a number of factors.
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Calculator is for informational use only. Your actual savings will vary based on a number of factors.