Loan Programs
ARM Loans
Adjustable-rate mortgages (ARMs) offer lower initial interest rates that adjust after a set period. ARMs can be an excellent choice for buyers who plan to sell or refinance within a few years, or who expect their income to increase.
Program Features
Lower initial interest rates than fixed
5/1, 7/1, and 10/1 ARM options
Rate caps protect against large increases
Convert to fixed rate options available
Ideal for short-term homeownership
Lower initial monthly payments
Potential savings in rising rate environments
Available for all property types
Frequently Asked Questions
How does an ARM work?
An ARM has a fixed rate for an initial period (5, 7, or 10 years), then adjusts annually based on a market index. A 5/1 ARM is fixed for 5 years, then adjusts every 1 year.
Is an ARM risky?
ARMs include rate caps that limit how much your rate can increase per adjustment and over the life of the loan. They can save you money if you plan to move or refinance before the adjustment period.
ARM vs. fixed — which is better?
If you plan to stay in the home long-term, a fixed rate offers predictability. If you plan to move within 5-10 years, an ARM's lower initial rate could save you thousands.
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