A popular program for borrowers who plan to keep the loan less than five years, the 5/1 ARM is a loan with a fixed rate and payment for the first five years and then turns into an adjustable rate mortgage for the remaining 25 years of the loan.. The primary advantage of the 5/1 ARM is a lower initial rate and payment than available on a 30 year fixed rate mortgage or the 7/1 and 10/1 ARMs.

The interest rate and payment is fixed for the first 60 months of the loan’s 30 year term. At the end of the 60 months, the interest rate adjusts to the lower of:
1. The 1-Year LIBOR Index plus 2.25%, or
2. The initial start rate plus 5%.

Thereafter, the interest rate will adjust every 12 months to the lower of:
1. The 1-Year LIBOR Index plus 2.25%,
2. The previous rate plus 2%, or
3. The initial start rate plus 5%.

We offer the 3 main adjustable rate mortgage program options, with the fixed rate portion of the loan ranging from 5 years to 10 years. Visit our specific ARM rate program pages to see how each can benefit you!

Why talk to one of our Licensed Loan Advisors??

Talking to a Licensed Loan Advisor is an important step to getting the right mortgage loan. Everybody has different loan needs and a mortgage banker knows which questions to ask in order to best match you with the right loan and monthly payment. Since we have a strict No Steering policy, you can be assured that the loan option suggested to you will fit your needs.

Your loan advisor will also explain all the steps–from getting started, to locking in your low rate, to closing your loan fast, in little as 30 days or less!!. Because we are a direct lender, if you have any questions during the loan process, you will have one direct number enabling you to get quick answers straight from the source.

Client Testimonials – What Our Customers are Saying

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Mike Minkoff did an outstanding job with my two refinances at the same time! I asked many questions and came up with multiple scenarios and Mike was more than happy to answer everything. He went above and beyond and he knows his stuff.
I would suggest using him again without hesitation.

Peter Amendola Key Largo, FL June 24, 2015