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

Get a low rate of 3.000% /2.848% APR1 on a 5/5 mortgage - no points and no closing costs. That’s right, none. You could save thousands.

We Pay ALL Closing Costs:

  • Appraisal Report
  • Credit Report
  • Flood Determination
  • Tax Service
  • Texas Document (TX Only)
  • Lender’s Title Policy
  • Notary Services
  • Settlement Services
  • Affordable Housing (CA Only)
  • Recording Fees

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

You will only pay for pre-paid items such as impounds (for taxes), homeowner’s insurance, along with pre-paid interest and prorations. 

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.

APR=Annual Percentage Rate

NMLS ID #649058. Mortgages available in all 50 states.

1 Rate is effective 6/16/2020. 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 3.000%, 2.848% APR, for the first 60 months, your payment would be $1,686.42. Your first adjustment will occur at the 61st month. Your rate will be no more than 5.000% with a fixed payment of $2,079.00 for 60 months. Your second adjustment will occur at the 121st month. Your rate will be no more than 7.000% with a fixed payment of $2,442.00. Rates increase no more than 5% above the initial start rate over the life of the loan and a maximum rate of 8.000%, with a maximum payment of $2,597.00. Rates are subject to change without prior notice. Index rate is the Five-Year Treasury Constant Maturity at 0.47%, the margin is 2.25% - the floor is also 2.25%. Index and margin rates are accurate as of June 16, 2020. For Refinance only on Primary residence. Purchase, Construction and Land Loans are not available for this loan product. Investment property and Second Home does not qualify for this loan product. Both conforming loan programs and jumbo programs available.

Taxes and insurance are not included in the payment shown, the payment maybe higher.