Adjustable-Rate Mortgage

Low Upfront Rate

Adjustable-rate mortgages (ARM) might save you money on your monthly mortgage payments because they offer a favorable upfront interest rate. These types of loans are typically a 30-year loan with an initial fixed interest rate for a set period, and then after that set period, the interest rate can fluctuate based on the market. For the entirety of your loan term, you can enjoy local in-house underwriting and servicing, which means you can expect top-notch service from our team of local mortgage experts.

Oftentimes, your initial payment will be lower than a payment on a fixed-rate mortgage. Many homeowners can agree that this savings is one of the best advantages of an adjustable-rate mortgage. ProFed offers 5/1 and 7/1 ARMS meaning you have five or seven years with a fixed interest rate, and after those five or seven years, your interest rate can vary based on the market.

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ARM Loan Benefits & Requirements

Benefits

Competitive 5 and 7-year fixed initial period, followed by annual adjustments

Lower initial mortgage payments compared with fixed-rate mortgages

ProFed underwriting and servicing

Requirements

Varying down payments are required

Only available for primary residences

Subject to credit, income, and asset review

5 Advantages Of An Adjustable-Rate Mortgage

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Home Loan Rates

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Loan Product	Maximum Loan to Value (LTV)	Minimum Loan	Term	Rate as low as	APR* as low as
Conventional Mortgage	Up to 100% LTV	No Minimum	10, 15, 20, 30 Year - Fixed Rate	Click here for current rates
First-Time Homebuyer	Up to 97% LTV	No Minimum	Up to 30 years - Fixed Rate	Click here for current rates
USDA Loan	Up to 100% LTV, 101% with Guarantee USDA Fee	No Minimum	30-year Fixed Term	Contact us for current rates
ARM Loan	Up to 100% LTV	No Minimum	5/1 & 7/1 - Variable Rate	Click here for current rates
Construction Loan	Up to 95% LTV	No Minimum	Flexible Terms - Fixed Rate	Click here for current rates
Land Loan	Up to 75% LTV	No Minimum	15-year Fixed	Contact us for current rates
Rapid Refi	Up to 80% LTV	No Minimum	Up to 180 Months - Fixed Rate	Click here for current rates
Renovation Loan	Up to 97% LTV	No Minimum	Up to 30-year Fixed Rate	Contact us for current rates
Home Equity Loan	Up to 85% LTV	$10,000	12 - 120 Months - Fixed Rate	7.490%	7.490%**
Home Equity Loan	Up to 85% LTV	$25,000	121 - 180 Months - Fixed Rate	7.740%	7.740%***
Home Equity Line of Credit	Up to 80% LTV	$10,000	120 Months - Variable Rate	8.500%	8.500%****

Membership at ProFed is required. *The annual percentage rate (APR) listed are our best rates. Your rate may vary depending on your credit score. **Annual Percentage Rate is based on a loan amount of $10,000 and a term of 120 months. ***Annual Percentage Rate is based on a loan amount of $25,000 and a term of 180 months. ****The Rate for the Home Equity Line of Credit is based on prime (index), as published in the Wall Street Journal on the last day of the month, plus a margin. The Annual Percentage Rate is based on a $10,000 line of credit.