If you are looking for an introductory rate that will help you qualify
for a larger loan, but want that introductory rate for a longer time, check out our
adjustable rate Treasury ARMs.
These are our most popular ARM loans. You can choose a fixed
introductory rate period of 1, 3, or 5 years. The protection of a periodic rate cap limits
the amount of each adjustment. There is no negative amortization. And, your loan is
assumable.
Here are the details:
*1-Year Treasury ARM
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Index:
|
Monthly average of Treasury securities with a constant maturity of one year
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|
First Adjustment:
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After one year
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|
Cap Per First Adjustment:
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2%
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Periodic Adjustments:
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One per year
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|
Cap Per Periodic Adjustment:
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2%
|
|
Lifetime Cap:
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6% over start rate
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|
Floor:
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None
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|
Assumable:
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Yes
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*3 / 1 Treasury ARM
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Index:
|
Monthly average of Treasury securities with a constant maturity of one year
|
|
First Adjustment:
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After three years
|
|
Cap Per First Adjustment:
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5%
|
|
Periodic Adjustments:
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One per year after third year
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|
Cap Per Periodic Adjustment:
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2%
|
|
Lifetime Cap:
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6% over start rate
|
|
Floor:
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None
|
|
Assumable:
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Yes
|
*5 / 1 Treasury ARM
|
Index:
|
Monthly average of Treasury securities with a constant maturity of one year
|
|
First Adjustment:
|
After five years
|
|
Cap Per First Adjustment:
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5%
|
|
Periodic Adjustments:
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One per year after fifth year
|
|
Cap Per Periodic Adjustment:
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2%
|
|
Lifetime Cap:
|
6% over start rate
|
|
Floor:
|
None
|
|
Assumable:
|
Yes
|
|
