Adjustable Rate Mortage | Bay Equity Home Loans

Adjustable-Rate Mortgage

The rates may vary, but the benefits
will always stay the same.

What is an adjustable-rate mortgage?

An adjustable-rate mortgage is a home loan where the interest rate is fixed for a set period of time and then changes periodically. Because it depends on many different market factors, that change in rate may fluctuate—meaning sometimes you’ll pay more for your adjustable-rate mortgage and sometimes you’ll pay less.

Talk to one of our loan officers to discuss the details of an adjustable-rate mortgage vs. a fixed-rate mortgage and see which one is the right route to get you home.

What are the benefits of an adjustable-rate mortgage?

  • Enjoy lowest possible rates during the initial fixed period
  • Qualify with a lower interest rate for more benefits
  • Choose a fixed-start period of 5, 7 or 10 years

What are the current rates for an adjustable-rate mortgage?

Adjustable-mortgage rates change all the time based on the index tied to the particular mortgage. While we can’t guarantee your specific percentage here and now, talk to one of our loan officers to lock in your exact interest rate.

How do I qualify for an adjustable-rate mortgage?

Qualifying for an adjustable-rate mortgage is simpler than you might think. We’ll simply check a few things such as your credit score before determining what loan program might work best for you.

Some adjustable-rate requirements

  • Ideally, a credit score of 740 or higher
  • Suggested down payment between 5 and 20%

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