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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.

Overview

Why choose an Adjustable-Rate Mortgage?

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.


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Features

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 5%1
  • No penalty for paying your loan off early
  • Option for bi-weekly payments or 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.

Refinance

Thinking about refinancing?

Whether you want to lower your monthly payment, pay off your home sooner or get cash out of your home’s equity, see how refinancing your home can help you reach your goals. Talk to a mortgage specialist to find out more.
Notices & Disclosures
1
Payment example: A 5-year ARM for $150,000, amortized over 30 years, with a 5% down payment and initial interest rate of 3.74% has an Annual Percentage Rate (APR) of 5.010%. The first 60 monthly principal and interest payments would be $693.82. The interest may adjust once every 5 years thereafter, with a maximum interest increase of 6% over the rate at closing.