Adjustable-Rate Mortgage

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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
Our ARM's just got an upgrade - check out our newest 15/15 ARM!

Program

Rate

APR*

*APR = Annual Percentage Rate. Rates are subject to change without notice. Rates last updated on 02/03/2023 at 2:15pm (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

5.250%

APR*

3.902%

Program

7/1 ARM (Conforming-30 year term)

Rate

5.500%

APR*

4.371%

Program

10/1 ARM (Conforming-30 year term)

Rate

5.750%

APR*

4.932%

Program

15/15 ARM (Conforming-30 year term)

Rate

4.250%

APR*

4.239%

Program

10/1 ARM (Conforming-30 year term) Medical Professional Program

Rate

5.250%

APR*

4.579%

Program

7/1 ARM (Jumbo-30 year term)

Rate

5.625%

APR*

4.380%

Program

10/1 ARM (Jumbo-30 year term)

Rate

5.625%

APR*

4.380%

Program

10/1 ARM (Jumbo-30 year term) Medical Professional Program

Rate

5.000%

APR*

4.362%

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.

Calculators to help you choose the right mortgage for you

What others are saying ...

Great service – attentive and diligent. Allegacy’s Team has surpass my expectation. Wish everyone I know could become a member.

Donald S.
— member from Ft. Lauderdale, FL

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