Adjustable Rate Mortgage (ARM)

Go ahead. Adjust yourself.

You can save some money when you get a mortgage with an adjustable interest rate, especially when rates are low. This option also is helpful for providing more breathing room when you need a Jumbo Loan. Here’s how ARMs work: You get a fixed rate for a few years before the mortgage adjusts annually, based on a particular index value. Point is, you either want to sell before your rate increases or refinance your mortgage. But you’ll save money upfront because the intro rate is lower than a fixed-rate option.

Key Features:

  • Increases the availability of credit if you’re looking for a Jumbo Loan
  • Get a fixed rate for 3, 5, 7 or 10 years before the mortgage becomes adjustable
  • Ideal if you’re planning to sell your home before the low intro rate adjusts upward


Down Payment Varies, see Fixed Rate or FHA
Terms 3/1, 5/1, 7/1, 10/1 years fixed/year
Credit Score Varies, see Fixed Rate or FHA
Mortgage Insurance Varies, see Fixed Rate or FHA
Maximum Loan Limit Varies, see Fixed Rate or FHA


Equal Housing Lender
PRMI NMLS: 3094. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply.
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Florida Office of Financial Regulation MLD646.
Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC3094. Bureau of Financial Institutions: MC-2248 Broker MC-2248 NMLS # 3094. NMLS Consumer Access.
“Licensed by the New Hampshire Banking Department” 10706-MB. Branch Phone: 603-718-3184

Eric LaFleur MLO165839
NMLS #996610