Jumbo Adjustable Rate Mortgages
Jumbo Adjustable Rate Mortgages (ARMs) function similarly to other ARMs, featuring interest rates that vary after a set initial period. For instance, a 5/1 ARM involves fixed interest rates for the initial five years before adjusting annually. The primary distinction between conventional ARMs and Jumbo ARMs lies in their flexibility with loan limits for a one-unit home, surpassing the conforming loan limits set by Freddie Mac and Fannie Mae.
We’ve made applying easy. To start your loan application and get preapproved click here, to find a local loan officer click here.
