Get the lower initial interest rate that comes with an adjustable-rate mortgage, and keep your rate fixed for three or five years. You're not experiencing annual rate changes with these ARMs, which means you can still save money over a fixed-rate mortgage while budgeting with more certainty. Plus, there's no fee for the application, origination, processing or documentation.* These are ideal for purchases or refinances.
Advantage 3/3 ARM
This ARM is available to first-home homebuyers, and can be used for owner-occupied, single-family residences (including condos and townhouses) and second homes.
- Interest rate is locked for three years, then adjusts every three years
- Finance up to 99% of home's value
- Low closing costs
Advantage 5/5 ARM
Enjoy all of the features of our 3/3 ARM, plus:
- Interest rate is locked for five years, then adjusts every five years
*Third-party charges, origination fees, points and interim interest may apply.
**Subject to credit approval. Accepting applications for properties located in all states except Texas.