Adjustable-Rate Mortgage

start strong, and speed up.

Adjustable-Rate Mortgages are not for everyone. But for some, they can be a sound home ownership strategy. This type of loan starts with lower monthly payments for a fixed period, followed by variable rates (with rate limitations) that make your monthly payments fluctuate at set intervals.

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See if you qualify for an Adjustable-Rate Mortgage from Allegacy.

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Annual Adjustments

Begin annual adjustments after two (2/1), five (5/1), seven (7/1) or ten (10/1) years more »

15-30 Year Loans

You can choose to amortize your adjustable-rate mortgage across 15 or 30 years more »

Popular 10/1 Option

Start with the security of a low, fixed rate for ten years, followed by regular annual adjustments more »

Pre-Qualification

We offer credit approval to help you determine how much house you can afford

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Mortgage Loan Specialist

Contact us at 336.774.3400 | 800.782.4670 or get in touch with one of our specialists for a consultation.

What others are saying

Happy young male at home smiling with tablet in hand
Daniel Y.
member from Winston-Salem, NC

Bob Church was absolutely without doubt. FANTASTIC! He was there every step of the way. For a first-time home buyer, it’s imperative that we understand the process, and it was his mission to make sure I followed along with every step. I recommend him ten times over!

Daughter hugging Dad's neck at home
Tobi M.
member from Winston-Salem, NC

Local team. Very friendly and efficient.

Dad and Son playing football in front yard
Michael R.
member from Palm Beach Garden, FL

Bob Church made himself available whenever I had questions or concerns… He even took the time with me late on a Friday night … I didn’t know there were other people like myself that work that hard for their members.

Old Terrier sleeping on bright pink pillow
Madison P.
member from Holly Springs, NC

Friendly staff who were very knowledgeable and patient with first time home buyers!

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See if you qualify for an Adjustable-Rate Mortgage.

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Disclosures

  • The 10/1 ARM offers a fixed rate for the first ten years. After that, the rate and monthly payment may change annually for the remaining life of the adjustable-rate mortgage, based on the one-year LIBOR plus a margin of 2.25. The maximum adjustment is 5% lifetime cap.