Skip to Content

A powerful tool for homebuyers

Think rates will fall? Do you plan to stay in your home only a few years? Consider an Adjustable-Rate Mortgage. Because ARMs offer a lower initial interest rate, you can enjoy a more affordable payment and boost your monthly cash flow.


Why choose an Adjustable-Rate Mortgage?

10/1 Adjustable-Rate Mortgage rates as low as 6.500%/ 7.001%* APR1 for the first 10 years, and no more than 10.500% /11.001% APR1 for the remainder of the loan term

As the name implies, an Adjustable-Rate Mortgage (ARM) offers a lower fixed rate for a set time, and then adjusts after that. For home buyers who plan to move or refinance before the initial fixed rate is up, that can mean a big savings on interest.

Afford more home
Annual & lifetime rate caps
Lower initial payment
ARM loans may be tempting, but it’s important to evaluate the risk, especially if you plan to stay in your home long term. Let us help you compare your options. You can reach us a number of ways: call (863) 688-8443 or toll free (855) 915-4663, find a local mortgage specialist, or start your application online.

Start Here

Find a Mortgage Specialist



Learn about Adjustable-Rate Mortgages

  • Lower initial interest rate and payment
  • Flexible terms include 5/1, 5/5 or 7/7 (The first number is the initial fixed-rate period, and the second number is how often the rate will adjust after that.)
  • Includes a rate cap that sets a limit on how high the rate can increase
  • Down payments as low as 15%1
  • No penalty for paying your loan off early
  • Option for additional principal-only payments
  • Jumbo loans also available

Things to Consider

  • Your monthly payment may change significantly each year after the initial fixed rate ends.
  • ARMs can be a little difficult to understand with initial rate periods, annual caps, margins, etc.
  • The length of time you plan to stay in your home should be considered when choosing a loan.

Homeowners Insurance

Are you covered?

Protect your home inside and out. Compare multiple carriers to find the best deal available. Insurance products provided by MIDFLORIDA Insurance Services, LLC. Lic. #L084232
Notices & Disclosures
MIDFLORIDA Credit Union Membership, eligibility, and credit approval required. Available for purchases, refinances, or construction-permanent loans of a primary residence. 6.500% is a 10 year promotional rate. Payment example: Based on a minimum credit score of 720, a 10 year adjustable rate mortgage purchase loan for $300,000, with a minimum 25% down at 6.500% interest rate and an Annual Percentage Rate (APR) of 7.001%. The monthly principal and interest payments are $1,896.20 during the first 120 months. The interest rate may adjust once every 12 months thereafter, based on the 1 year US Treasury Bill rate (4.910% as of July 15, 2024) plus a margin of 2.75%, with a maximum interest increase of 4% over the rate at closing. The monthly payment amount after the first adjustment based on current rates will be $2,087.91 and the highest possible monthly payment during the life of the loan could be $2,528.00. Payment example does not include amounts for taxes or insurance premiums; the actual payment will be greater. Promotional Rate and margin may vary based on credit history and underwriting guidelines. Advertised terms are valid as of July 15, 2024, and subject to change without notice. Other conditions apply. Ask your mortgage loan officer for details.