
If you’re looking for a low initial monthly payment and are willing to accept the uncertainty of future rates and payments, an ARM may be right for you.
Adjustable-rate mortgages typically offer a lower initial interest rate than fixed-rate loans. That’s because the loan’s initial interest rate is only fixed for a set period of time. After that, the rate will adjust periodically, and so will your monthly mortgage payment.
We have a variety of adjustable rate mortgages with various payment options to meet your needs.
You may also select a Convertible ARM, which allows for the option to convert to fixed-rate program at specified times during the term of the loan. This is only available on a 1 year adjustable rate product.