Adjustable-Rate Mortgages

Loans with a variable rate after an initial fixed period

Adjustable-Rate Mortgages (ARMs)

Significant short-term benefits.

The loan experts at Advantage Mortgage will help you understand your ARM options and help you decide if this type of loan is the right fit.

The ARM Advantage

With an Adjustable-Rate Mortgage (ARM), the interest rate stays the same for an initial fixed period of time and then adjusts based on market conditions. An ARM usually has a lower interest rate than a standard Fixed-Rate Mortgage for the initial fixed period. However, at the end of the initial fixed-rate period, the interest rate becomes variable and may move up or down depending on the direction of a mortgage index it is associated with.

Get Started

We will ask you a series of questions to see if an ARM is right for you.

Start

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Loan Amounts up to:

$3,000,000

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Credit Scores as low as:

580

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Minimum Down Payment:

0%

Types of Adjustable-Rate Mortgages

  • Adjustable-Rate Conventional
  • Adjustable-Rate FHA
  • Adjustable-Rate VA
  • Adjustable-Rate Jumbo
  • Adjustable-Rate Refinance

ARM Features & Qualification

  • ARMs often have lower interest rates and payments than a fixed-rate mortgage during the first years of the loan
  • The homeowner can refinance at the end of the fixed-rate period
  • Payment caps limit the amount that the rate can fluctuate during an adjustment

Who can benefit?

  • Homebuyers who don’t plan on living in the property for longer than the initial fixed-rate period of the ARM and want to take advantage of short-term lower interest rates and monthly payments
  • Homebuyers who plan on refinancing after the end of the fixed-rate period

Is an ARM right for you?

Find Out

Questions about ARMs? Let me help!

Cyndi Powell

Loan Officer | NMLS #1011077

(503) 502-6724  

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Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates and conditions are subject to change without notice. Some products and services may not be available in all states.