Adjustable-Rate Mortgages

Adjustable-Rate Mortgages

With lower initial interest rates and adjustable term options.

Adjustable-Rate Mortgages

Earn +150 PointsWhat is This?

Adjustable-rate mortgages (ARMs) start with a fixed interest rate for a set period and then adjust when interest rates change over the life of the loan. Affinity offers a variety of term options. One of our Mortgage Loan Officers can help you decide which is best for your individual situation.

An adjustable-rate mortgage may be right for you if:

    • You want a lower initial monthly payment but anticipate being able to afford higher payments in the future.
    • You're planning on selling or refinancing your home within the fixed-rate period of the ARM.
Get Pre-Qualified or Apply Today

Rate Adjustment Caps

All of Affinity's ARMs come with rate adjustment caps, meaning that your rate is guaranteed not to change more than a pre-determined percentage at each adjustment1. ARMs that adjust less frequently could give you interest rates that are stable for longer periods of time.

1 The rate can only change by 2% (up or down, minimum floor rate applies) after each adjustment period and a maximum of 5% above the initial start rate over the life of the loan. Minimum floor equals current CMT (Constant Maturity Treasury) rate plus 3% margin. All loans are subject to credit review and approval. ARM annual percentage rates may increase after consummation. Programs, rates, terms and conditions are subject to change without notice. Other restrictions and limitations may apply.