5/6 Adjustable-Rate Mortgage
We understand that situations change, and new opportunities are always just around the corner. That's why we're offering a 5/6 Adjustable-Rate Mortgage. If you're not sure what homeownership will look like for you in 5 years, you'll at least have the benefit of lower mortgage payments that work for your budget while you figure it out.
Lower Rates Now + Adjusted Payments Later
The 5/6 Adjustable-Rate Mortgage is a financing option that offers a low fixed interest rate for the initial 5 years of the loan and then adjusts every 6 months for the remainder of the term. The flexible structure of this loan allows homeowners and potential homeowners the opportunity to take advantage of lower rates compared to a standard fixed rate loan early on in the loan term, and is a great option for homeowners who are planning to sell or refinance their home within a few years.
Why choose an adjustable-rate mortgage?
With an ARM, you have the option of financing a new home with lower initial monthly payments with a traditional fixed rate mortgage.
- You expect your income to increase.
- Anticipate needing to sell or plan to refinance in the near future.
- It can also work well for those looking to refinance their current loan.
What to expect after you apply:
We want you to feel prepared as you navigate this application process. Download this checklist to learn about what you'll need to have on-hand once you've hit "submit".
- 5 year fixed-rate.
- 30-year total term.
- Minimum loan amount $25,000.
- Maximum loan amount varies.
- No pre-payment penalties.
- After initial 5 year period, conversion option available.
Mortgage Rates
5 Year Adjustable Rate
Adjustable Rate
30 Year First-Time Homebuyer
As low as
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