Adjustable-Rate Mortgage (ARM)
This is the adjustable rate mortgage. If you plan to pay down your principal faster, then ARM is right for you.
If this option is ideal for you
ARM Loan Checklist
620 Minimum Credit Score.
You will be required to have a minimum credit score of 620.
Closing Cost Funds
You need enough funds to cover the closing costs in addition to down payment.
Debt-To-Income Ratio < 50%
Your debt-to-income ration will need to be 50% or less.
*To get your personal loan requirements, please contact us.
ARM Mortgage Benefits
Low Introductory rate
Most ARM introductory interest rates stay low for a fixed period of time.
Low Monthly Payment
When introductory rates are low, then mortgage payments stay low during the fixed period of time.
Pay More Towards Principal
You can build more equity by paying more towards the mortgage's principal balance.
Refinance
You have the option to refinance to a fixed interest rate.
Mortgage Calculators
Amortization Calculator This calculator estimates your monthly payment amount each month for the length of the loan.
DSCR Calculator This calculator helps you determine your Debt Service Coverage Ratio.
Mortgage Qualification Calculator This calculator helps you determine how much you can borrow based on your income, debts, and other financial information.
Ready to take the next step?
If you are ready, start your mortgage application now