Residential Adjustable Rate Mortgages
If you need a smaller mortgage payment today, but expect your income to grow in the future, this option could be a good solution. Generally, the initial rate is lower for an adjustable-rate than a fixed-rate mortgage. Also, if you don’t plan to be in the house for the long term, an adjustable-rate loan could be right for you.
Adjustable Rate Mortgage Features
- Maximum Loan Amount: $766,550*
- Jumbo Loan Amount: $766,551- $1,500,000*
- Loans in excess of $1,500,000 may be available.
*Maximum Loan Amounts listed are effective for published rates. Please call for additional rate information for a higher loan amount.