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Adjustable Rate Mortgages (ARM)

Low Initial Rates

ARM's offer lower initial interest rates and payments than a fixed-rate mortgage. Perfect for the borrower that relocates every 3 - 7 years.

We offer the following ARM's:

1 Year ARM 7/23 Two Step
  • Interest rate and payment adjust once a year.
  • Tied to the one year Treasury index + a margin of 2.875% (3% for Jumbos).
  • 2% annual cap, 6% lifetime cap.
  • Conversion option (non Jumbo loan amounts only) $250.
  • Below market rate for the first seven years.
  • Automatically converts to a fixed rate beginning year 8.
  • Tied to the 10 year Treasury index + a margin of 2.5% (2.75% for Jumbo).

3/1, 5/1, 7/1, & 10/1 ARM Products
  • Below-market interest rate for the initial 3, 5, 7 or 10-year term.
  • Interest Rate adjusts annually after the initial 3,5,7 or 10-year term.
  • Annual & life time caps
  • Annual adjustments tied to the 1-year Treasury bill index + a margin of 2.875% (3.0% for Jumbo loan amounts)

For more information, contact a Mortgage Consultant in your area by calling 1-800-421-0004.

Apply Now*

* You can apply online for the following ARM products: 5/1, or 7/1. Please contact a Mortgage Consultant at 1-800-421-0004 if you would like to apply for our 1 Year, 3/1, 7/23 or 10/1 ARM products.