Adjustable Rate Loans

Get a more affordable rate and lower monthly payment at the start of your loan.

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Who Are Adjustable Rate Mortgage Loans Best For?

If you want to pay less money at the start of your loan, an Adjustable Rate Mortgage Loan (i.e., ARM) may be the right mortgage for you.

The ARM is great for people who plan to pay their mortgage off quickly, plan to live in the house for only a short time or foresee their income increasing in the next few years.

How Do Adjustable Rate Mortgage Loans Work?

With an ARM, you’ll start with a low fixed interest rate for a set period of time — usually 5, 7 or 10 years. After that, your interest rate may change every 6 months or once a year, fluctuating with the market.

That means your monthly mortgage payment could go up or down twice a year. But your rate will never increase more than 5% of the original rate.

How Do I Qualify For An Adjustable Rate Mortgage Loan?

To qualify for a Jumbo Loan, you’ll need:

  • General minimum 3.5% – 5% down payment
  • Minimum qualifying FICO® Score of 640
  • Debt-to-income ratio (DTI) of no more than 50%
  • Maximum loan-to-value ratio (LTV) of 95%

Can You Refinance An Adjustable Rate Mortgage Loan?

Yes, you can refinance an adjustable-rate mortgage. When interest rates are low, refinancing an ARM can give you the stability of the same monthly payment for years to come. Refinancing could also help you consolidate debt or pay off your mortgage faster. Apply online or contact our experts to get started.

Take the first step toward the right mortgage.

Apply online or over the phone. Our team at F5 Mortgage would love to help!

Apply For Your Adjustable Rate Loan Today!

Adjustable Rate Loan Benefits

  • A key benefit of an ARM is that the initial rate is typically lower than a fixed-rate mortgage, which makes monthly payments more affordable.
  • Caps limit how much interest rates, and your payment, can rise over the life of the ARM loan.
  • An ARM can be a wise choice if you’re planning to pay off the loan in full, or sell your home, before the adjustment period kicks in.
  • For many people, the initial fixed-rate period matches how long they’ll be in their home before they move or refinance.
  • There’s a possibility your payment could go down if interest rates fall.

Benefits Of Getting An Adjustable Rate Mortgage Loan With Us

  • Apply online and work at whatever pace is convenient for you.
  • Home Loan Experts are available via chat, email and phone to help you understand whether an ARM is right for you.
  • After you close your loan, you can manage your mortgage online without any hidden fees.
  • No prepayment penalties if you pay off your loan early.
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Awesome work. I enjoyed getting help with my loan through F5 Mortgage. Highly recommend to anyone who is looking for true experts.

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Ryan and his team are amazing! I was pretty confused at the start of all this, but they helped me so much along the way.

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