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10 Year ARM

You have likely heard that people do not tend to stay in one home for more than 7-10 years. While we don't have the data to back up such a claim, there are many among us who have never stayed put in a single residence for more than a decade. So the question that needs to be asked is "what type of loan program might be a good fit for someone who thinks that they will sell their property in less than 10-12 years?" The answer may be a 10/1 ARM. From time to time the introductory rates for 10 year ARMs will be lower than that of conventional, conforming 30 year fixed rate mortgages. Notice we said "from time to time". In recent years, 30 year mortgage rates have been so low that 10 year ARM products have not made a ton of sense unless we are talking about 10/1 jumbo ARM mortgages. With a 10/1 ARM, you get an introductory rate that lasts for the first 120 months of the loan. After that period elapses, the rate then can adjust either up or down based upon the loan's margins, caps, and corresponding index. Sound a bit confusing? It does not have to be. Contact one of our loan consultants and we can help you weigh your options and determine whether a 10/1 ARM makes sense for your personal situation.

Request Current 10/1 ARM Rates

• Call 800-316-9508 and speak with one of our home financing specialists.
• Request 10 year ARM rates using the Rate Quote form on this page.
• Get started online

Popular Alternatives to 10 Year ARM Products

• 40 year mortgages
• 30 year home loan
• 20 year home loan
• 7 year ARM
• 5 year ARM