FOR HOME BUYERS AND HOME OWNERS
Adjustable-Rate Mortgage (ARM)
Adjustable-Rate Mortgages (ARMs) are ideal for homebuyers who want to take advantage of lower initial interest rates and plan to refinance or move before the rate adjusts. With flexible terms and initial savings, ARMs are a strategic option for short- to medium-term homeowners.
A home loan that can save on interest during the first few years.
Low Introductory Interest Rate
Enjoy a lower fixed rate for the initial term (5, 7, or 10 years).
Lower Initially Payments
Reduce your monthly expenses during the early years of your mortgage.
More Payments Against Principal
Extra savings early on can be applied to your loan principal.
Refinance Flexibility
Switch to a fixed-rate mortgage later if market conditions change.
Guidelines for this Loan
If your details are close to these guidelines, we encourage you to apply or contact us. Even if you don’t qualify for an adjustable-rate mortgage, we could have other options for you.
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Down Payment Calculator
Learn how much cash you need to buy the home in your mind.
Get More In-Depth Details
Articles that give you more information about this loan and explain how mortgages work.
Frequently Asked Questions
Answers to questions about this loan we heard from people like you during research.
How does an ARM work?
An ARM has two phases: a fixed-rate period (5, 7, or 10 years) and an adjustable period where your interest rate can change annually or semi-annually.
What are theWhat Happens When the Fixed Period Ends? pros and cons?
Your interest rate will adjust based on a market index plus a margin set by your lender. This could increase or decrease your monthly payment.
Is an ARM Risky?
While ARMs offer lower initial payments, they come with rate adjustment risk. If you plan to move or refinance before the adjustment, an ARM can be a smart financial choice.
Can I Refinance an ARM Later?
Yes. Many homeowners refinance before the rate adjusts. Speak with your loan advisor to time your refinance effectively.
Who Is a Good Fit for an ARM?
ARMs are great for buyers who:
- Plan to sell or refinance within 5–10 years.
- Want to take advantage of a lower initial rate.
- Are comfortable with potential future rate adjustments.
