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7 YEAR ADJUSTABLE RATE MORTGAGE
The 7 year ARM is ideal if you're looking to take advantage of short term lower interest rates while having the advantage of being able to remain in a fixed rate mortgage for longer than most other short term adjustable rate mortgage loan programs allow.
 
 
Typical Qualifying Details for 7 Year Adjustable Rate Mortgage

Min Credit Score:

620

  Stated Income: Yes
Maximum CLTV: 100%   Stated assets: Yes
Max Loan Amount $1,000,000+      
 
 

The 7 year adjustable rate mortgage is at a fixed rate for the first seven years and becomes adjustable thereafter. If you plan on staying in a home for longer than 7 years or maybe you know you will be refinancing or selling your home before that time, you may be interested in looking into our other short term ARM programs.

   

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Interested in seeing other adjustable rate options? Please see below :

2 year ARM 3 Year ARM 5 Year ARM
10 Year ARM Option ARM

 

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