Get the lower initial interest rate that comes with an adjustable-rate mortgage, and keep your rate fixed for five years. You're not experiencing annual rate changes with these ARMs, which means you can still save money over a fixed-rate mortgage while budgeting with more certainty. These are ideal for purchases or refinances.
Advantage 5/5 ARM
This ARM can be used for owner-occupied, single-family residences (including condos and townhouses) and second homes.
- Interest rate is locked for five years, then adjusts every five years
- Finance up to 90% of home's value
- Low closing costs
*Subject to credit approval. Accepting applications for properties located in NC, SC, FL, GA, NJ, PA, TN and VA.