Plan on being in your home 10 years or less?
Need a lower rate to qualify for the house you desire?
Intermediate ARMs offer:
- Low introductory rate
- Net substantial savings with attractively priced 3/1, 5/1, 7/1 and 10/1 ARM options.
- Predictable monthly payments
- Intermediate ARM options are offered at a low introductory rate that remains fixed for the first three, five, seven or ten years.
- Low down payment
- Less up-front cash is needed, because our 3/1, 5/1, 7/1 and 10/1 ARM options have down payment requirements as low as 5%.
Best for people who:
- Plan to stay in their homes for a limited time.
- Need lower initial payments to buy a home they might not otherwise be able to afford.
- Are confident their future incomes will rise enough to handle potentially higher monthly payments.
Intermediate ARMs offer the low introductory rate of an adjustable rate mortgage combined with the security of a fixed-rate mortgage for a defined number of years. We offer several intermediate ARMs with down payment options as low as 5% and competitive rates that could help borrowers save thousands of dollars over the life of the loan. Also, the intermediate ARM is available in both conforming and non-conforming loan amounts.
* Due to various federal, state and local requirements, certain products may not be available in all areas. Other restrictions may apply.
** For adjustable-rate transactions, rates are subject to increase over the life of the loan.
