Adjustable-rate mortgage loans

With our adjustable-rate mortgage loans, you can enjoy the flexibility of changing interest rates, ensuring you always have the best deal possible. Whether you're looking to buy your first home, upgrade to a larger one, or refinance your current mortgage, our ARM loans provide you with affordable and customizable options.

If you plan to stay in your home for only a few years, or are looking to refinance to a shorter term with plans to pay off your loan as quickly as possible, an adjustable-rate mortgage may be an option.

FAIRWINDS also offers unparalleled member service and support. Our team of experienced mortgage loan officers is always available to answer your questions, walk you through the process, and help you make informed decisions about your mortgage.

Take the first step towards your dream home with our ARM loans. Contact us today to learn more and start your journey towards homeownership!

Adjustable-Rate Mortgage Loan Rates

Mortgage Type	APR*	Rate	Points
5/5 ARM For a 30-year loan of $500,000, you would make 60 payments of $2,799.86 at 5.38% (6.623% APR), followed by 300 payments based on the then-current variable rate.	6.623%	5.375%	.929
10/6 ARM For a 30-year loan of $500,000, you would make 120 payments of $2,799.86 at 5.38% (6.140% APR), followed by 240 payments based on the then-current variable rate.	6.140%	5.375%	.929
Early ARM disclosures *APR = Annual Percentage Rate. Rates are updated frequently and are subject to change without notice. Your actual rate is based on your credit quality, down payment, loan term, and amount financed. Rate lock cutoff time is 4:00 PM EDT. Any lock requests received after 4:00 PM EDT will be subject to tomorrow’s posted rates. Interest rates above are based on a loan amount of $500,000, single-family home as a primary residence, 45-day rate lock, credit score of 780, and a loan-to-value of 80%. Discount points may apply. Terms and conditions subject to change at any time without prior notice.

Mortgage Type

APR*

Rate

Points

5/5 ARM

For a 30-year loan of $500,000, you would make 60 payments of $2,799.86 at 5.38% (6.623% APR), followed by 300 payments based on the then-current variable rate.

6.623%

5.375%

.929

10/6 ARM

For a 30-year loan of $500,000, you would make 120 payments of $2,799.86 at 5.38% (6.140% APR), followed by 240 payments based on the then-current variable rate.

6.140%

5.375%

.929

Early ARM disclosures

*APR = Annual Percentage Rate. Rates are updated frequently and are subject to change without notice. Your actual rate is based on your credit quality, down payment, loan term, and amount financed. Rate lock cutoff time is 4:00 PM EDT. Any lock requests received after 4:00 PM EDT will be subject to tomorrow’s posted rates. Interest rates above are based on a loan amount of $500,000, single-family home as a primary residence, 45-day rate lock, credit score of 780, and a loan-to-value of 80%. Discount points may apply. Terms and conditions subject to change at any time without prior notice.

See How Adjustable Rates Affect Your Monthly Mortgage Payment

Unlike fixed rate mortgages, the payments on an adjustable rate mortgage will vary as interest rates change. Use our adjustable rate mortgage (ARM) calculator to see how interest rate assumptions will impact your monthly payments and the total interest paid over the life of the loan.

Loan amount ($)

Initial interest rate (%)

Number of months (30 yrs = 360 months)

Additional Rate Details

Minimum interest rate over term(%)

Maximum interest rate over term(%)

Number of months before first rate adjustments (30 yrs = 360 months)

Number of months between rate adjustments (40 yrs = 480 months)

What will rates be doing over the life of the loan: stay same, increase or decrease?

Assumed rate rate adjustment(%)

This calculator is for illustrative purposes only and is not a guarantee of credit.

Consumer handbook on ARMs

This handbook gives you an overview of adjustable-rate mortgages (ARMs), explains how ARMs work, and discusses some of the issues you might face as a borrower.