Conventional Adjustable Rate Mortgages

Adjustable Rate Mortgages (ARMs) feature an initially low interest rate for a specified period of time after which the interest rate "floats" (with secured interest rate caps) for the remainder of the payment schedule.

Who does the Conventional Adjustable Rate Mortgage product benefit?

  • Borrowers who may prefer a fixed rate but are attracted to the lower rates.
  • Borrowers who plan on staying in the home short term.
  • Borrowers who do not qualify for the home they want (based on the interest rate on a fixed rate loan) may qualify at the lower ARM rates.
  • Borrowers who need a quick pre-approval.
  • Borrowers looking for multiple product options.

The flexibility of the ARM may work well for the home buyer who enjoys a lower down payment initially while anticipating a reliable uptick in income later in the life of the mortgage or don't plan on staying in the home for a long period of time.

MidCountry Mortgage experts will be happy to lend you a hand in securing an ARM—or any other of the mortgage programs available through us. Contact us today, and a MidCountry Mortgage expert will answer your questions about obtaining the best mortgage loan for you specific needs. 

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Minimum and Maximum loan amounts apply. Rates and programs subject to change at any time. Loans subject to borrower qualifications, property evaluation and credit approval. All rates and program guidelines subject to change without notice based on consumer eligibility and marketing conditions. All loans subject to credit approval and compliance with underwriting standards.

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