menu loanDepot.com home search Make A Payment Apply Now Adjustable Rate Mortgage (ARM) Take advantage of a lower rate with an Adjustable Rate Mortgage ARM loan rates provide an opportunity for saving Considering an adjustable rate mortgage? If you anticipate a significant increase in your income or property value in the next several years, plan on staying in your home short-term, or would like to significantly lower your payment, an ARM home loan might be right for you. As the name implies, Adjustable Rate Mortgages (ARMs) have interest rates that change at a pre-determined frequency. Federally insured FHA ARM rates to refinance or buy a home are also available! Why get an adjustable rate mortgage? Save thousands in payments vs. a fixed rate loan during the initial period Use the savings to pay down other debt or for whatever you like! Great option if you intend to refinance or sell your home in an expected time frame Put as little as 5% down (FHA 3%), or refinance up to 95% of your home's value Hybrid ARMs 'Hybrid ARMs' are very popular, featuring an initial fixed-rate portion, which then changes to an adjustable rate for the remainder of the loan. Mortgage programs include: 3 Year ARM, 5 Year ARM, 7 Year ARM and 10 Year ARM. Also known as 3/1, 5/1, 7/1 and 10/1 ARMs, the first number indicates the time (in years) that the initial rate is fixed. The second number indicates how often the rate can adjust after the initial change. Interest rate caps What happens after the fixed-rate period ends? Once your loan enters its adjustable-rate period, interest rate caps are put in place. They identify the maximum amount your rate can increase, both at the end of each adjustment period, and over the life of the loan as a whole. Contact one of our licensed loan officers today for loan quotes, and find the right loan for you! Home Purchase Calculator loanDepot’s easy-to-use calculator puts you in charge of estimating your mortgage payment. CALCULATE NOW Refinance Calculator Time to refinance? loanDepot’s powerful savings tool will assess your options instantly CALCULATE NOW customercare@loandepot.com mail To customercare@loandepot.com (888) 337-6888 x 6789 telephone 888 337-6888 x 6789 LinkedIn - Instagram - Instagram - LinkedIn - youtube HOME PURCHASE HOME REFINANCE LOAN OPTIONS LEGAL HELP To view legal disclosures and important notices, please click the following: Lifetime Guarantee Disclaimers Rate Assumptions Accessibility Accessibility Unsubscribe Unsubscribe NMLS#174457 - NMLS Consumer Access | ©2009-2021 loanDepot.com, LLC all rights reserved