Lower initial rates with flexible options
An adjustable-rate mortgage offers a low introductory rate, followed by periodic adjustments based on market conditions. It’s a smart solution for buyers planning to move or refinance within a few years.
Our mortgage experts will guide you in understanding how an ARM works - and if it’s right for your goals.
Highlights:
- Lower initial interest rate than fixed-rate loans
- Ideal for short-term homeownership or expected income growth
- Various term options (e.g., 5/1 ARM, 7/1 ARM)
Ready to lock in a rate?
Talk to a lender today <link to the Mortgage Consultants pages> or apply online.
Boost affordability with down payment help
If you're considering an adjustable-rate mortgage for its lower starting interest rate, down payment assistance can help you stretch your savings even further. Many first time home buyer grants in Florida and grants to help with down payment can be paired with an ARM, helping you reduce upfront costs while maintaining flexibility in your mortgage strategy. It’s a smart solution for buyers planning to move or refinance within a few years.
Learn more about Down Payment Assistance right here in our Homebuyers Guide. And when you're ready, rely on our mortgage consultants to help you weigh your options and choose the type of loan and down payment assistance program that best fits your needs and goals.
Compare mortgage features & advantages
The choice of which mortgage program is right for you depends on a number of factors, including your current financial picture and how long you intend to keep your house. Learn more about the general features and advantages of each program, then allow our mortgage experts to help you evaluate your options and choose the best fit for your plans.
| Mortgage Type | Best mortgage if you want: | ||||
|---|---|---|---|---|---|
| Fixed Monthly Payments | Adjustable Rates | No or Low Down Payment | Good Option for First Time Buyers | Construction to Permanent Eligible | |
Adjustable-Rate MortgageKey Features: Lower initial interest rates. Potential for significant savings if planning to move in a relatively short time. More on ARMs Apply Online |
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FHA LoanKey Features: Lower down payment requirements. Great option for first-time home buyers. More on FHA Loans |
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Fixed-Rate MortgageKey Features: Predictable monthly payments. Good option for buyers purchasing their forever home. More on Fixed-Rate Mortgages |
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USDA Rural Development Guaranteed LoanKey Features: No down payment. Liberal qualifying guidelines. Properties must be in USDA-eligible areas. More on USDA Loans |
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VA Home LoanKey Features: Relaxed qualifying guidelines. Available to veterans of the U.S. Armed Forces and their spouses. More on VA Loans |
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Jumbo Home LoanKey Features: For larger loan amounts that exceed conventional limits. More on Jumbo Loans |
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