• Do you want to significantly reduce the cost of your mortgage? 
  •  Do you plan to move or refinance in the next 5, 7 or 10 years? 
  • Do you want the lowest mortgage rate available? 

If you answered ?Yes? to any of these questions, an Adjustable Rate Mortgage might be right for you! Whether you choose the Adjustable 5 Mortgage, the Adjustable 7 Mortgage or the Adjustable 10 Mortgage, you?ll get the lowest rate we offer and save thousands over a traditional fixed-rate mortgage during the initial fixed-rate period. Afterwards, the rate may change once per year. 

The Adjustable Mortgage qualification requirements 

  • Refinance up to 90% of your primary home?s value 
  • Buy a home with as little as 10% down (primary home) 

How an Adjustable Mortgage works 

  • The Adjustable Mortgage is an adjustable rate mortgage (ARM). Interest rates are fixed for a period of 5, 7 or 10 years. After the fixed-rate period, your interest rate may change once per year either up or down depending on market conditions. 
  • Rate changes are capped at 5% above your initial fixed rate and 2% or 5% per adjustment period, which means you?re protected. For example: if your initial interest rate is 2.99%, your rate will never be higher than 7.99%, and will never rise more than 2% per year  after the fixed-rate period. 
  • Your actual payment will vary based on your situation and the current interest rates when you apply.        
  • You can pay your mortgage at any time without prepayment penalties. 
  • FHA and VA ARMs are also available for those that want the flexible guidelines of an FHA or VA loan 

Learn more about adjustable rate mortgages 

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