Are you planning to own your new home for fewer than 5-7 years? Our Adjustable Rate Mortgage (ARM) might just be for you!
Our ARM loans feature fixed rates for a 5 or 7-year term. After that, the rate adjusts annually, either up or down, based on overall mortgage rates. To safeguard you from significant rate changes, maximum increase caps are in place.
Benefits of an ARM Loan:
- Available in a 5 or 7-year term.
- Traditionally lower rates than fixed loan.
- Rates adjust annually after initial period.
