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Adjustable Rate Mortgage: Your Best
Home Loan Option?

Whether you're on the move or just have commitment issues, an adjustable rate mortgage (ARM) may be just for you. ARMs offer a low fixed interest rate that stays in place for an initial period before any changes occur. After the initial period, the rate may go up – or down – once a year based on current market conditions. If your plans include moving on to another locale in the near future, why pay the higher interest rate of a long term fixed mortgage when a lower initial rate ARM may save you thousands of dollars in payments and interest charges during the time you're in the home?

Scroll down to learn more about ARMs or talk to an expert, utilize our easy loan wizard to explore rates and payments or get approved now.

The Nuts And Bolts

The Nuts And Bolts

  • You can purchase a new home with as little as 5% down.
  • You can refinance up to 95% of your primary home's value.
  • Cash out refinance is permitted.
  • Credit a consideration? No problem – credit scores as low as 620 may qualify.
  • Sellers can help too! Up to 9% of seller contributions are allowed toward closing costs.
  • Your rate may change annually following the initial fixed period. Rates may go up, down, or remain the same. Your monthly payments will change accordingly.
More Details And Specifics

More Details And Specifics

  • ARMs could be used to purchase or refinance a primary residence, second home or investment property.
  • Eligible properties include Single Family Residences, Planned Unit Developments (PUDs), Condos and Multi-Family (2-4) Units.
  • You have multiple mortgage insurance options for loans with less than 20% down payment or equity.
A Few Extras

A Few Extras

  • Your rate may increase, but you're protected from it skyrocketing. Depending on the type of ARM selected, interest rate and payment caps may offer protection.
  • Want to tie things up quickly? Pay off your mortgage at any time without prepayment penalties.
Everything to Know About an Adjustable Rate Mortgage (ARM) | M&T Bank