Adjustable Rate Mortgage

Home Adjustable Rate Mortgage

With adjustable rate mortgages, you can typically take advantage of the lowest rates available in the market. An ARM is a loan option you may want to consider if rates are on the decline, you’re planning on keeping the property for a short time or you just prefer to have the lowest payment possible.


  • Your interest rate and monthly principal and interest (P&I) payments remain the same for an initial period of 3, 5, 7, or 10 years, then adjusts annually.
  • Includes interest rate caps that set a limit on how high your interest rate can go.
  • Available for Conforming, Jumbo, FHA and VA Loan Programs.
  • Refinance up to 95% of your home’s value.
  • Purchase your home with as little as 5% down payment.
  • Interest only payment option available.


  • Typically, ARMs have a lower initial interest rate than fixed rate mortgages.
  • The interest rate cap limits the maximum amount your P&I payment may increase at each interest rate adjustment and over the life of the loan.
  • May provide flexibility if you expect future income growth, or if you plan to sell or refinance in the near future.

Things to Consider:

  • Monthly principal and interest payments may increase when the interest rate adjusts.
  • Your monthly principal and interest payments may change every year after the initial fixed period is over.