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Adjustable Rate Loans

The interest rate on an adjustable-rate mortgage (ARM) changes at a specified time after an initial "fixed" period.  For example, a 5/1 ARM is fixed for five years and then adjusts in year six. We offer a wide variety of ARMs to fit your unique needs, including 3/1, 5/1, 7/1 and 10/1 ARMs.

Why consider an ARM?

Lower rates.  ARMs generally have the lowest possible mortgage rate. In fact, ARM rates, such as that of a 7/1 ARM, can be approximately 1% lower than that of a 30-year fixed-rate mortgage. The 7/1 ARM rate would be fixed for seven years, potentially saving you thousands in interest expense that you could use, for example, to pay off credit card debt, or add to your retirement savings. 

You plan to sell your home soon. If you plan to sell your home before the loan adjusts, you may save money versus a fixed-rate loan. For example, if a job transfer is likely, an ARM would be a better solution than a higher rate, 30-year fixed-rate mortgage. The lower initial rate of an ARM can be a good strategy for mobile professionals, homeowners who plan to upsize or downsize, and anyone who will live in their home for the short term.

You want "more house." By applying for an ARM, you may qualify for a higher loan amount and can buy a more valuable house. 

Call 888-673-5521 to get your personalized rate quote for an adjustable rate mortgage.

See today's low adjustable-mortgage rates.