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1,3,5-year Treasury ARM
If you are looking for an introductory rate that will help you qualify
for a larger loan, but want that introductory rate for a longer time,
check out our Treasury ARMs.
These are our most popular ARM loans. You can choose a fixed introductory
rate period of 1, 3, or 5 years. The protection of a periodic rate
cap limits the amount of each adjustment. There is no negative amortization.
And, your loan is assumable.
Here are the details:
*1-Year Treasury ARM
| Index: |
Monthly average of Treasury securities with a constant maturity of one year |
| First Adjustment: |
After one year |
| Cap Per First Adjustment: |
2% |
| Periodic Adjustments: |
One per year |
| Cap Per Periodic Adjustment: |
2% |
| Lifetime Cap: |
6% over start rate |
| Floor: |
None |
| Assumable: |
Yes |
*3 / 1 Treasury ARM
| Index: |
Monthly average of Treasury securities with a constant maturity
of one year |
| First Adjustment: |
After three years |
| Cap Per First Adjustment: |
5% |
| Periodic Adjustments: |
One per year after third year |
| Cap Per Periodic Adjustment: |
2% |
| Lifetime Cap: |
6% over start rate |
| Floor: |
None |
| Assumable: |
Yes |
*5 / 1 Treasury ARM
| Index: |
Monthly average of Treasury securities with a constant maturity of one year |
| First Adjustment: |
After five years |
| Cap Per First Adjustment: |
5% |
| Periodic Adjustments: |
One per year after fifth year |
| Cap Per Periodic Adjustment: |
2% |
| Lifetime Cap: |
6% over start rate |
| Floor: |
None |
| Assumable: |
Yes |
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