Take advantage of historically low rates Apply Today!
See All Loan Options

Adjustable Rate Mortgages (ARM)

Unsure which mortgage program will best fit your needs? contact us and one of our home loan advisors will help find a program that best fits your unique situation.

Unlike fixed-rate mortgages, adjustable rate mortgages (ARM) have fluctuating rates. Your interest rate is fixed for a specific period; however, the rate may change depending on the market, meaning your monthly mortgage payments can increase or decrease. In many cases, ARMs come with rate caps that limit how high the rate can be or how the payments can change.

ARM Pros and Cons

Interest rate or the fixed-rate portion is usually lower than a 30-year fixed rate
Flexibility – ARMs may be a good option if you plan to move or pay off your mortgage in a few years
Payments could decrease if interest rates fall


Payments could increase if rates rise
ARMs are a complex loan that have rules, fees, and structures not found in other programs