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Get lower initial payments with an ARM

What makes Adjustable Rate Mortgage (ARM) right for you? An ARM is a variable-rate loan, meaning the rate changes during your term. In plain English: you’re able get a lower rate upfront and then your rate adjusts later down the road. It’s often a good choice if you’re not planning on staying in the home long-term.

 

  • Lower payments upfront – Save every month during your first term with a lower rate
  • Save up to $5,000 on closing costs1 – We’ll cover you up to $5,000
  • Increase your buying power – Getting a lower rate upfront makes it easier to afford a larger, nicer home
  • Know when your rate will adjust – Each term lets you know ahead of time when to expect an adjustment

 

Adjustable Rate Mortgage Loan Rates
Product Points APR Rate as low as... Payment example
10/1-Year Adjustable Rate Mortgage * 0% 5.405% 4.875% $714.43
15/15-Year Adjustable Rate Mortgage * 0% 5.213% 5.000% $724.71

*Based on a $135,000 Loan Amount with an 80% LTV, and FICO>=740. Payment examples do not include taxes and insurance premiums; actual payment may be greater. Rate and payment may increase after consummation and varies based on index and margin.

Adjustable Rate (10/1 ARM) - Primary or secondary owner occupied residence,$135,000 loan amount, 80% Loan-to-Value, 2% annual adjustment and 5% over the lifetime of the loan.

Adjustable Rate (15/15 ARM) - Primary or secondary owner occupied residence,$135,000 loan amount, 80% Loan-to-Value, 5% Rate Cap for one-time adjustment.


 

Adjustable Rate Loan Rates - Jumbo Loans (over $647,200)

Rates apply to purchase and refinance.

Product Points APR Rate as low as... Payment example
10/1-Year Adjustable Rate Mortgage Jumbo * 0% 5.220% 4.875% $3386.93
15/15-Year Adjustable Rate Mortgage Jumbo * 0% 5.169% 5.000% $3435.66

*Based on a $640,000 Loan Amount with an 80% LTV, and FICO>=740. Payment examples do not include taxes and insurance premiums; actual payment may be greater. Jumbo mortgage loans are mortgages in excess of $647,200 up to a maximum of $3,000,000 per loan. Rate and payment may increase after consummation and varies based on index and margin.

Adjustable Rate (10/1 ARM) Jumbo - Primary or secondary owner occupied residence,$640,000 loan amount, 80% Loan-to-Value, 2% annual adjustment and 5% over the lifetime of the loan.

Adjustable Rate (15/15 ARM) Jumbo - Primary or secondary owner occupied residence, $640,000 loan amount, 80% Loan-to-Value, 5% Rate Cap for one-time adjustment.

 


Security Service NMLS #458903 Membership eligibility required. Loan subject to credit approval. Financing available for properties in Texas, Colorado or Utah. Minimum loan amounts may apply. Rates subject to change. 

 

† APR = Annual Percentage Rate. The APR is accurate as of 7/1/22.
  
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