Loans with a variable rate after an initial fixed period
Adjustable-Rate Mortgages (ARMs)
Significant short-term benefits.
I will help you understand your ARM options and help you decide if this type of loan is the right fit for your situation.
The ARM AdvantageWith an Adjustable-Rate Mortgage (ARM), the interest rate stays the same for an initial fixed period of time and then adjusts based on market conditions. An ARM usually has a lower interest rate than a standard Fixed-Rate Mortgage for the initial fixed period. However, at the end of the initial fixed-rate period, the interest rate becomes variable and may move up or down depending on the direction of a mortgage index it is associated with.
Loan Amounts up to:
Credit Scores as low as:
Minimum Down Payment:
Types of Adjustable-Rate Mortgages
- Adjustable-Rate Conventional
- Adjustable-Rate FHA
- Adjustable-Rate VA
- Adjustable-Rate Jumbo
- Adjustable-Rate Refinance
ARM Features & Qualification
- ARMs often have lower interest rates and payments than a fixed-rate mortgage during the first years of the loan
- The homeowner can refinance at the end of the fixed-rate period
- Payment caps limit the amount that the rate can fluctuate during an adjustment
Who can benefit?
- Homebuyers who don’t plan on living in the property for longer than the initial fixed-rate period of the ARM and want to take advantage of short-term lower interest rates and monthly payments
- Homebuyers who plan on refinancing after the end of the fixed-rate period
Is an ARM right for you?
Questions about ARMs? Let me help!
Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates and conditions are subject to change without notice. Some products and services may not be available in all states.