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Adjustable-Rate Mortgages

Adjustable-Rate Mortgages

Lower your introductory rate with an Adjustable Rate Mortgage.

Adjustable-Rate Mortgages (ARMs) begin with an introductory rate that will begin to adjust after a specified time period. This is a popular option for buyers who plan to move quickly or refinance after a couple of years.

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Product requirements

Meeting product requirements does not guarantee qualification. All loan product offerings are subject to underwriting approval and do not represent a commitment to lend.
5%
Minimum down payment
620
Minimum credit score
45%
Max debt-to-income
ZERO
Closing costs

Product benefits

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Lower introductory rate

ARMs usually involve a lower rate at the beginning of the loan, which begins to adjust with the market after a specified time period.

Rate caps

An adjustable rate can seem scary; however, rate adjustments are subject to rate caps to protect you against unaffordable payments.

Additional considerations

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Rate adjustments

After the introductory rate period, your rate will begin to adjust with the market. This means that if interest rates are falling, your rate (and monthly payment) will likely fall and vice versa.

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