Jumbo Adjustable-Rate Mortgage
Because one type of loan does not fit all
Homebuyers' circumstances and needs vary, that's why we offer a large variety of loan products to help. Jumbo Adjustable Rate Mortgages or (ARMs) are one such product. A jumbo home loan exceeds the current conforming loan limit. In some areas of the country, it's often necessary to apply for a jumbo loan in order to finance a home.
Our Jumbo ARM loans provide an initial fixed-rate from one to ten years (depending on which loan you choose) before the rate adjusts at all.
ARMs are ideal for those who only plan on living in their home for a short period of time. Because ARMs are subject to rate adjustments later on, the initial interest rate is typically set lower than on a standard fixed-rate loan. This can benefit you with a lower payment that reduces your monthly housing costs. To find out if an ARM is right for you, talk with one of our Home Loan Consultants.