Dart Bank Wholesale Launches Jumbo ARM Options to Meet Growing Demand for Flexible Loans
New Adjustable-Rate Mortgage Products Offer Competitive Rates for Homebuyers
MASON, Mich., April 29, 2025 – Dart Bank Wholesale Lending, one of the newest, fast-growing wholesale lenders in the country, is excited to announce the launch of its new Jumbo Adjustable-Rate Mortgage (ARM) product, featuring 5/6, 7/6, and 10/6 ARM options. These new offerings give mortgage brokers additional tools to help homebuyers secure competitive financing in a shifting market.
“Flexibility is key in today’s market, both for homebuyers and the mortgage brokers helping them navigate financing options,” said Phil Miller, President of Dart Bank Wholesale Lending. “Our new Jumbo ARM loan enables brokers to help their clients find the right balance between affordability and long-term financial goals.”
Adjustable-rate mortgages have become increasingly attractive as borrowers seek lower initial interest rates and greater financial flexibility. According to the Mortgage Bankers Association, mortgage applications have increased by 11% in recent weeks, indicating a growing interest in diverse financing solutions. Additionally, purchase applications are up 5% year-over-year, signaling renewed strength in homebuyer activity. With the launch of its Jumbo ARM products, Dart Bank Wholesale Lending is giving mortgage brokers more options to meet these shifting borrower preferences.
Program Details:
- Offered for loan amounts starting at $350,000 up to $2 million1
- 5/6, 7/6, & 10/6 terms
- Maximum LTV of 80%
- Minimum FICO: 700
- Cash-out loan amounts up to $2 million (primary)
- Maximum DTI: 43% for primary up to $2 million
- Self-employed borrowers are eligible
1New York properties are eligible at $1 over the applicable conforming county loan limit.
These new Jumbo ARM products complement Dart Bank Wholesale’s existing portfolio, including the recently launched fixed-rate Jumbo loan offering up to $3 million for homebuyers. With the addition of Jumbo ARMs, mortgage brokers now have even more options to help borrowers navigate today’s market with confidence, whether they prefer a fixed or adjustable-rate solution.
Mortgage brokers interested in learning more about Dart Bank’s Jumbo ARM products are encouraged to contact their account executive or visit dart.bank/wholesale for more information.
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About Dart Bank
Founded in 1925, Dart Bank was built and has grown on a foundation of innovation; it was the first bank in the United States to finance automobiles. Among its other notable achievements, Dart Bank has been named a Top Workplace by the Detroit Free Press and has earned the designation of Top Workplace USA for three consecutive years. Headquartered in Mason, MI, Dart Bank has 13 offices, assets totaling over $1.2 billion, and more than 330 employees in 23 states.