ARM Loans

Adjust to your lifestyle.

You can save some money when you get a mortgage with an adjustable interest rate, especially when rates are low. This option also is helpful for providing more breathing room when you need a Jumbo Loan.

Here's how ARMs work: You get a fixed rate for a few years before the mortgage adjusts annually, based on a particular index value. Point is, you either want to sell before your rate increases or refinance your mortgage. But you'll save money upfront because the intro rate is lower than a fixed-rate option.

  • Increases the availability of credit if you're looking for a Jumbo Loan.
  • Get a fixed rate for 3, 5, 7 or 10 years before the mortgage becomes adjustable.
  • Ideal if you're planning to sell your home before the low intro rate adjusts upward.
  • Requirements:

  • Down Payment: Varies.
  • Terms: 3/1, 5/1, 7/1, 10/1 years fixed/year.
  • Credit Score: Varies.
  • Mortgage Insurance: Varies.
  • Maximum Loan Limit: Varies.
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Element Funding is a Division of Primary Residential Mortgage Inc. PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval.
Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend.