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Jumbo Adjustable Mortgages
Jumbo Adjustable Rate
Adjustable Rate Mortgages (ARMs) do not have a fixed interest rate for the life of the loan. The rate adjusts periodically based on an index that changes with the marke.

Loan Amounts with Jumbo ARM Mortgages:
One-Unit Properties:
  • Up to $3,000,000
Benefits for Adjustable Jumbo Mortgages include:
  • Low initial interest rate
  • Lower initial payments
  • Increased purchasing power
  • Many purchase options available
With a Jumbo Adjustable Rate mortgage, the subject property may be:
  • Single family units (owner occupied only)
  • Second home (single family units and Condominiums only)**
  • Condominium
  • Planned Unit Development
  • Townhouse
Applicants can qualify for higher loan amounts with lower interest rates than comparable fixed-rate loans.
New rates are calculated as follows: Index + Margin rounded to the nearest 1/8th


Product Comparison Sheet

Features Jumbo 1-Year ARM Jumbo 10/1 ARM Jumbo 3/1 ARM Jumbo 3/3 ARM Jumbo 5/1 ARM Jumbo 7/1 ARM
Payment Structure 30 year adjustable rate mortgage 30 year adjustable rate mortgage 30 year adjustable rate mortgage 30 year adjustable rate mortgage 30 year adjustable rate mortgage 30 year adjustable rate mortgage
Rate fixed for 1 year Rate fixed for 10 years Rate fixed for 3 years Rate fixed for 3 years Rate fixed for 5 years Rate fixed for 7 years
Interest Rate Rate adjusts annually Rate adjusts annually Rate adjusts annually Rate adjusts every 3 years Rate adjusts annually Rate adjusts annually
First Adjustment Rate Cap 2% 5% 2% 2% 2% 5%
Subsequent Adjustment Rate Cap 2% 2% 2% 2% 2% 2%
Lifetime Cap 6% over the intro rate 6% over the intro rate 6% over the intro rate 6% over the intro rate 6% over the intro rate 6% over the intro rate
Margin 2.75% 2.75% 2.75% 2.75% 2.75% 2.75%
Treasury Bill 1 Year Treasury Bill Index 1 Year Treasury Bill Index 1 Year Treasury Bill Index 3 Year Treasury Bill Index 1 Year Treasury Bill Index 1 Year Treasury Bill Index
Rate Lock Rate for 60 day rate lock (until closing) Rate for 60 day rate lock (until closing) Rate for 60 day rate lock (until closing) Rate for 60 day rate lock (until closing) Rate for 60 day rate lock (until closing) Rate for 60 day rate lock (until closing)
* Mortgage loans are available in all states except Texas
** the property that will secure the loan must become your principal residence at some future time.



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