An Adjustable Rate Mortgage (ARM) is a loan with a monthly rate that can adjust (can go up or down) as the interest rate fluctuates. There are different types of adjustable rate mortgages or ARMs - for example: 3/1, 7/1 or 10/1, and 5/5 to name a few. Initially, most ARMs have a fixed interest rate with variable terms.
Our new 5/5 Adjustable Rate Mortgage (ARM) offers solutions to lower your current mortgage payment or purchase a new home. Firstmark members can get a new loan product with a fixed interest rate. Click here to view our current ARM rates.
What to expect with an ARM loan
Is an ARM loan right for you?
Apply online or call J.P. Watkins at (210) 308-7807or (800) 683-1211 for an appointment. NMLS#220598
First Mortgage services provided by SWBC Mortgage Corporation © 2018 SWBC. All rights reserved. Loans are subject to credit and property approval. Other restrictions and conditions may apply. Programs and
guidelines are subject to change without notice. Rates are subject to change daily. Corporate office located at 9311 San Pedro Avenue, Suite 100, San Antonio, TX 78216. SWBC Mortgage Corporation, NMLS #9741 (www.nmlsconsumeraccess.org). 1060-A4855 07/17