Get a lower initial rate with an adjustable-rate loan


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Adjustable Rate Mortgages

Lower initial rates can let you afford a larger home


Adjustable Rate Mortgages (ARMs) typically have a lower initial interest rate than fixed-rate loans. Payments are fixed for 5, 7, or 10 years; after which the rate and payment can increase or decrease every 6 months or in the case of the 5/5 loan, once every five years. Adjustable rate loans are a good choice for home buyers trying to afford a bigger home, or who expect to sell the home before the end of the fixed-rate term, anticipate an increase in income, or expect rates to fall.

Adjustable Rate Mortgages offer:

  • As little as 3% down
  • Loans up to $4,000,000 with the Jumbo Loan program
  • Rate adjustment caps limit the amount rates can increase
  • Available for primary residences, vacation homes, and investment properties

Our Mortgage Loan Consultants are here to help you make sense of your loan options! Give them a call at 877.404.3728, or contact them by online chat during business hours.

When you get your home mortgage loan through us, we'll award you 10,000 APEX Points.*


Get started on the road to buying or refinancing your home    Apply Now


*10,000 points on a new purchase or external refinance of a mortgage loan. 

Loans are available in all states except AK, HI, ID, MA, NM, NY and VT. Conditions, restrictions, and terms may apply. Other loan programs and terms available.

For 5/6, 7/6, 10/6 SOFR ARM ~ MARGIN = 2.75. CAPS = 2/1/5 (Initial Rate Cap - 2% maximum increase or decrease for the first-rate adjustment. Periodic Rate Cap - 1% maximum increase or decrease for subsequent rate adjustments. Lifetime Cap = 5% maximum increase above the initial rate). INDEX = Federal Reserve Bank New York SOFR. ARM interest rates and payments are subject to increase after the initial fixed-rate period. 5 years for a 5/6 ARM, 7 years for a 7/6 ARM, and 10 years for a 10/6 ARM; then the interest rate is subject to adjustment once every six months thereafter.

For 5/5 CMT ARM ~ MARGIN = 2.25. CAPS = 2/2/5 (Initial Rate Cap - 2% maximum increase or decrease for the first-rate adjustment. Periodic Rate Cap - 2% maximum increase or decrease for subsequent rate adjustments. Lifetime Cap - 5% maximum increase above the initial rate. INDEX = WSJ 5yr CMT. Fixed for initial 5-year period, then becomes adjustable and may increase or decrease once every 5 years.

Financial Partners Credit Union membership required

NMLS#401427