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 AdvantageWith 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.
Loan Amounts up to:
Credit Scores as low as:
Minimum Down Payment:
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?
Questions about ARMs? Let me help!
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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.