Get the home you want NOW! Start with fixed rates with affordable monthly payments then gain the flexibility of an adjustable rate.

What is an adjustable-rate mortgage loan (ARM)?

An adjustable-rate mortgage (ARM) is a loan in which the interest rate changes based upon a pre-determined index. The ARM loan includes an initial fixed-rate period with a choice of either 5, 7 or 10 years.

ARMs are a good choice for YOU if:

• You will be moving within the next few years
• You desire an initial monthly payment lower than a fixed-rate mortgage loan
• You do not want a typical long-term mortgage

5/1 ARM

• 5/1 ARM has an interest rate that is initially fixed for five years then adjusts annually thereafter. 
• 5 Year ARMs generally provide the lowest interest rates and monthly payments during the initial rate period. These loans are ideal for borrowers who don't want a long-term mortgage.

Apply for a 5/1 ARM Apply Now

• 7/1 ARM has an interest rate that is initially fixed for seven years then adjusts annually thereafter.
• 7 Year ARMs are newer to the market and offer the convenience of a short term with a longer initial rate protection.

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10/1 ARM

• 10/1 ARM has an interest rate that is initially fixed for seven years then adjusts annually thereafter.
• 10 year ARMs are increasingly popular as they combine significant savings for the initial rate period with longer protection from market-based interest-rate fluctuations.

Apply for a 10/1 ARM Apply Now

Payments do not include amounts for tax and insurance premiums (including flood insurance), if applicable, and the actual payment obligation may be greater

Maximum 95% LTV for purchases. PMI will be required over 80% LTV

Adjustable rate mortgages use the 5 Year Treasury Constant Maturity as the index, caps 2% and 6% and a floor of 2.75%

The actual interest rate and fees available to you will be based on your credit profile, property type, loan-to-value and other factors, and may be different than the rates advertised here. Payments do not include amounts for tax and insurance premiums (including flood insurance), if applicable, and the actual payment obligation may be greater. No prepayment penalty.

Adjustable Rate Mortgage (ARM) Disclosures

Payments do not include amounts for tax and insurance premiums (including flood insurance), if applicable, and the actual payment obligation may be greater

Maximum 95% LTV for purchases
PMI will be required over 80% LTV
Adjustable rate mortgages use the 5 Year Treasury Constant Maturity as the index, caps 2% and 6% and a floor of 2.75%

5/1 ARM has an interest rate that is initially fixed for five years then adjusts annually thereafter

7/1 ARM has an interest rate that is initially fixed for seven years then adjusts annually thereafter

10/1 ARM has an interest rate that is initially fixed for ten years then adjusts annually thereafter
No point Adjustable-Rate Mortgage payment based on $150,000.00 at 7.513% APR for 30 years is $996.95 (Monthly payments shown do not include real estate taxes, PMI (Private Mortgage Insurance) or homeowners insurance. A rate lock fee will apply. Up to 95% LTV.