Get the lowest rate and lowest monthly payment.

If used correctly in the right situation, adjustable rate loans (ARMs) can be a very smart decision.  For example, ARMs are a perfect solution for homeowners who are planning to live in their house for only a few years.

An adjustable rate loan (ARM) has a lower interest rate compared to a fixed rate product, and therefore the payment is lower.  We offer 2 options…

5/1 ARM

Fixed for 5 years and then variable based on movement of LIBOR.  Max adjustment of 2% after 5 years, 2% every year thereafter, and 5% max over the life of the loan (2/2/5).  The 5/1 ARM is the lowest rate/payment option.

7/1 ARM

Fixed for 7 years and then variable based on movement of LIBOR.  Max adjustment of 2% after 7 years, 2% every year thereafter, and 5% max over the life of the loan (2/2/5).  A slightly higher rate than a 5/1 ARM.  A period fixed for 7 years is a more conservative option in case your plan changes!

Other options…

30 Year Fixed
The lowest monthly payment with a fixed rate.  25 or 20 year terms also available.

15 Year Fixed
Shorter term, lower rate.  10 year term also available.

FHA Loan
Low down payments, perfect for first time home buyers.

HARP Refinance
Do you owe more than your house is worth?

Jumbo Loans
Loan amounts over $417,000

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HomeJabAdjustable Rate Loans (ARMs)