COVID-19 updates and how First Tech is responding.  Learn more >>

Online Banking

5/5 Adjustable Rate Mortgage

Manage your home loan. Don't let it manage you.

In a fast-paced, ever-changing world, worrying about adjustments in your mortgage payments is the last thing you need. Which is why we're excited to bring you a new home loan option - The 5/5 ARM.

You may be familiar with a 5/1 ARM, which sets a fixed-rate for the first five years and then the rate adjusts annually thereafter. With our new 5/5 ARM, you will still enjoy that initial 5-year fixed-rate but then your rate adjusts only once every 5 years. Which means protected, consistent payments for longer periods to give you peace of mind. We know homebuyers' circumstances and needs vary, that is why we offer a wide range of loan products to help. From long-term to short-term and everything in between, we have you covered. Below are some things to consider when choosing your home loan. Contact us today or request a call back to speak with our Mortgage Loan Officers.

Great Features Icon
  • Great Features:
  • Enjoy a fixed interest rate for 5 years

    Rate adjusts every 5 years thereafter

    Easy application process

  • Great Benefits
  • Peace of Mind

    Stable and Consistent Monthly Payments

    Lower Initial Rate

    Dynamic Rate

  • Apply

Mortgage Loan Guide

When you begin your home buying journey, we will start by ask you a few questions to help determine which home loan is right for you. Here is a snapshot based on just a few loan options:


5/5 ARM

30-Year Fixed 5/1 ARM 

How long do you

plan to live in
your home?

I'm not sure
but at least five

I think I found my
forever home.

I'll be in this
home five years
or less.

Do you expect

any major
income changes
in the next five

Not really, my
income will stay
mostly the same
or increase.

No, my income
will remain stable
for many years
to come.

Not sure, but I
don't anticipate
a decrease.

Is it important

for you to lock in
a rate for the
life of your loan?

No, but I'd like
some stability so that
I can plan ahead.

 Yes, I want my
rate to remain stable.

 No, my loan rate
can vary each year.


This rate may
change up to 5
times over the
loan term.

This rate will stay
the same for the
loan term.

 After the first 5 years,
this rate may
be adjusted annually
over the loan term.

Are you okay
with regular changes in
your monthly payment?

No, I like a
fairly consistent
monthly payment.

No, I want my
monthly payment
to stay the same
for the life of
my loan

Yes, I'm fine with
monthly payment changes.


This is the most
stable ARM with
the fewest

This mortgage will
not be adjusted
from year to year.

This ARM has a
yearly adjustment
after the first five
years. Payments may
go up or down
depending on rates
at the time of

Which is more
important to you; 
a lower rate or more
consistent monthly payments?

I'm not sure if I will stay here
for more than a decade,
so I would like lower monthly
payments to start

What's most important
to me is knowing that
I have secured my rate
and payment for the life
of my loan

This isn't my forever
home, so I'd like a lower
interest rate for the
few years I'll lie here



The 5/5 ARM will
have lower
interest rate and
payment initially,
but maybe higher 
after adjustments.

The 30 - year fixed
mortgage payments
might be higher, but
will remain fixed for
the life of the loan-
potentially with a
lower average rate
for the loan term.

This loan product
will have the
lowest payment
and interest rate,
at least during the first
five years.