Home loans
Adjustable-rate mortgages. Built for your timeline
Start with a fixed period, then adjust. A smart fit if you plan to move or refinance down the road.
What an ARM is
An adjustable-rate mortgage has a fixed rate for an initial period, often 5, 7 or 10 years. After that, the rate adjusts on a set schedule.
Caps limit how much the rate can change at each adjustment and over the life of the loan.
Who it fits
- Buyers who expect to move within several years
- Homeowners who plan to refinance later
- Buyers of higher-priced homes
- Anyone who wants to compare options beyond a 30-year fixed
The steps
How it works with us
- Tell us your plansHow long you expect to keep the home or the loan.
- One soft pullWe check your credit once, without affecting your score, and shop the file with 130+ lenders.
- Compare side by sideWe show ARMs beside fixed-rate loans, including how the caps work.
- CloseWe keep the appraisal, lender and title moving, and get you to closing.
Get ready
What to have on hand
You don't need all of it to start. The application tells you what's missing.
- Photo ID for everyone on the loan
- Pay stubs covering the last 30 days
- W-2s for the last two years
- Bank statements for the last two months
- Purchase contract or current mortgage statement
Questions
Good to know
What happens when the fixed period ends?
The rate adjusts on a set schedule, within the caps written into your loan.
Can I refinance before it adjusts?
Yes. Many ARM borrowers refinance or sell before the fixed period ends.
What are rate caps?
Caps limit how much your rate can change at each adjustment and over the life of the loan.
Are ARMs available on jumbo loans?
Yes. ARMs are common on jumbo loans, and we shop them with lenders who specialize in larger loans.