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.

Annual Adjustments

Begin annual adjustments after two (2/1), five (5/1) or seven (7/1) years. See payment examples »

15-30 Year Loans

You can choose to amortize your adjustable-rate mortgage across 15 or 30 years. See payment examples »

Pre-Qualification

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

Adjustable Mortgage Rates

Program	Rate	APR*
APR = Annual Percentage Rate. Rates are subject to change without notice.* Rates last updated on 04/23/2024 at 11:30am (EST). Mortgage rates are based upon a variety of assumptions and conditions. The credit score used in this estimate may be higher or lower than your personal credit score. A loan’s interest rate will depend upon specific characteristics of the loan and the credit history through the time of closing.
Program 5/1 ARM (Conforming-30 year term)	Rate 6.875%	APR* 7.525%
Program 7/1 ARM (Conforming-30 year term)	Rate 7.125%	APR* 7.511%
Program 10/1 ARM (Conforming-30 year term)	Rate 6.625% with points.	APR* 7.115%
Program 10/1 ARM (Conforming-30 year term) Medical Professional Program	Rate 6.500% with points.	APR* 7.031%
Program 7/1 ARM (Jumbo-30 year term)	Rate 7.375%	APR* 7.512%
Program 10/1 ARM (Jumbo-30 year term)	Rate 6.875% with points.	APR* 7.152%
Program 10/1 ARM (Jumbo-30 year term) Medical Professional Program	Rate 6.750% with points.	APR* 7.068%

Frequently Asked Questions

Not sure if an Adjustable-Rate Mortgage is the right move for you? No worries! We’re here to help guide you towards homeownership with a few frequently asked questions.

Yes, ARM’s are a valuable tool for first-time homebuyers, especially in a tough housing market.

With rising interest rates an ARM can be a sound option for homebuyer’s because of the initial lower rate and lower payments.

You can get into a new home with a much lower payment initially than with a fixed-rate loan but the loan interest rate could increase over time.

Borrowers who are likely to sell their home before the initial fixed-rate expires or expect their income to increase and they can afford a potentially higher payment.