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5/5 ARM

Your interest rate will stay the same for the first 5 years of the loan.

Our Adjustable Rate Mortgage is different than a typical ARM in that your interest rate will stay the same for the first 5 years of the loan versus changing every year. After the initial 5 years, the rate will only adjust every 5 years for the life of the loan, depending on the market. Compared to a Fixed Rate home loan, the 5/5 ARM offers a lower interest rate initially, which can increase your buying power. If you are looking for the lowest rate ARM possible, you may want to consider a 5/1 ARM, which typically has a lower interest rate than the 5/5 ARM.

  • Rate caps = 2% per adjustment and 5% over the lifetime of the loan. A rate cap is a limit on how much the rate can change at the end of each adjustment period over the life of the loan

  • Index = 1 Year LIBOR

  • Margin = 2.000%

  • Conversion to a Fixed Rate home loan is not currently available.

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Features & Benefits

  • Lower rate versus a Fixed Rate loan
  • Rate stays the same for the first 5 years of the loan and adjusts every 5 years
  • Great option to increase your buying power
  • For loan amounts under $1,250,001.00

Rates

As Low As
3.225% APR*
5/5 ARM
An example APR for a 5/5 Year ARM loan is 4.774%. An example monthly mortgage payment of principal and interest is $499. The example quotes are based on a property value of $200,000 and a loan amount of $100,000. The Annual Percentage Rates (APR) stated is an estimate and is intended for informational use only. Your actual APR may vary based on your actual loan amount. Please speak with a Loan Executive for additional information about our rates and fees. Rates are subject to change without notice. Your actual rate and/or points may be different, as many factors are evaluated for a loan approval. This product is subject to change or cancellation at any time without prior notice.