Conventional Adjustable Rate Mortgage Programs (ARM)
- Best adjustable rates available
- Fixed terms for 1,3, 5, 7 and 10 years
- Great for borrowers who want a lower payment
- Up to 90% loan to value on cash out refinances and debt consolidation loans
- Up to 95% loan to value on rate and term refinances
- 5% down payment on home purchases
- Typically for good credit customers
- Loans over 80% loan to value require mortgage insurance
ARM programs typically have the same guidelines as conventional fixed rate loans. Most ARM rates are fixed for a period of two to seven years depending on which ARM product you choose. The shorter the period the arm is fixed, the lower your rate will be. Adjustable rate mortgages are great loans for those customers who want a lower payment now and anticipate some sort of financial change in their future such relocating in a couple of years or a future pay increase. ARM programs are not right for everyone, so contact us with questions as to whether an adjustable rate mortgage would be right for your needs.
* Approvals are not guaranteed. All programs are subject to terms and conditions as well as underwriting approval and review. All programs are subject to change without notice.
