Refi with a 5/5 Adjustable Rate Mortgage (ARM) Today

Get a low rate on a 5/5 mortgage. That’s right, you could save thousands.

How a 5/5 ARM* Mortgage Works:

  • Conforming loans defined up to $750,000. Ask about our jumbo loans
  • Maximum of 2% initial rate change after the introductory term
  • Maximum of 2% rate change every 5 years
  • Maximum increase of 5% total rate change over the life of the loan

Today's Rates

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What You Can Do with a 5/5:

Whether you want to furnish, fix-up or free-up funds for other things, your starting payment will be lower than with a 30-year fixed mortgage.

Not sure this is your forever home? Five years gives time to save for what’s next or pay down your principal.

You may be able to qualify for more home by choosing an adjustable rate mortgage. Consider stretching for the house you’ll call home for a long time.


Use our Mortgage Refinance Calculator to run the numbers.

NMLS ID #649058. Mortgages available in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Texas (1st Mortgage only), Utah and Washington.

*Rate is effective 08/12/2021. 5/5 adjustable rate mortgage payment example: This is a fixed rate loan for the first 5 years then the rate adjusts and is fixed for another 5 years. Adjustments only occur every 5 years with a maturity in 30 years. For a $400,000 loan with a start rate of 2.375% Rate, 2.800% APR (Annual Percentage Rate), for the first 60 months, your estimated fixed payment would be $1,554.61. Your first adjustment will occur at the 61st month. Your rate will be no more than 4.375% with an estimated fixed payment of $1,929.00 for 60 months. Your second adjustment will occur at the 121st month. Your rate will be no more than 6.375% with an estimated fixed payment of $2,275.00. Rates increase no more than 5% above the initial start rate over the life of the loan and a maximum rate of 7.375%, with an estimated maximum payment of $2,421.00. Rates are subject to change without prior notice. Index rate for the Five-Year Treasury Constant Maturity is 0.69%. The margin is 2.25% - the floor is also 2.25%. Index and margin rates are accurate as of August 12, 2021. For Refinance only on Primary residence and second home. Purchase, Construction and Land Loans are not available for this loan product. Investment property does not qualify for this loan product. Both conforming loan programs and jumbo programs available. You will only pay for pre-paid items such as impounds (for taxes), homeowner’s insurance, along with pre-paid interest and prorations. Taxes and insurance are not included in the payment shown, the payment may be higher.

For mortgages in all other states click here