Conforming Adjustable-rate Mortgage (ARM)

How does an ARM work? 

Your rate is fixed for a set term and then it becomes a variable rate loan and adjusts when interest rates change over the life of the loan. For example, a 5/1 ARM has a fixed loan payment for the first five years. Beginning on year six, the rate may adjust and may continue to adjust each year thereafter.

Is an ARM right for you?

An adjustable-rate mortgage may be the right option for you if:

• You want to save interest with lower initial rates
• You intend to relocate during the fixed-rate period of 3, 5 or 7 years
• You plan to sell or refinance your home within the fixed-rate period of the ARM

ARM features:

• No point and no closing cost options¹
• Fully amortized 5/1 ARM², 5/5 ARM³ and 7/1 ARM⁴
• Up to 95% Loan-To-Value (LTV) on rate/term purchases
• Interest may be tax deductible (please consult your tax advisor)

We are here to help you open your home loan or find the right option to fit your needs. Give us a call at (877) 495-1600 or apply online today.

View Rates