We offer a variety of adjustable rates on our loan programs. You can obtain a 30, 25, 20, 15 or 10 year amortization for most of our adjustable rate products. You can use adjustable rates for purchases, refinances, and construction loans.

We offer 1,3,5,7, and 10 year adjustable rates. Most of our rates have caps on them of 2% per adjustment period and no more than 6% over the life of the loan. We do have a 3 year and a 5 year adjustable that has caps of only 1% at each adjustment or 4% over the life of the loan.

As an example:  If you see or hear of a 5/1 ARM, what that means is that your locked in rate is valid for 5 years and then it becomes a yearly adjustable.  In addition to knowing the amount of time your rate is fixed, you should also know what the "caps" are for your loan.