Types of Standard ARMs
ARMs with different indexes are available for purchases and refinances. The interest rate and monthly payments varies on the change made on the index rate.
6-Month Certificate of Deposit (CD) ARM
This program has a maximum interest rate adjustment of 1% every six months. This CD index usually reacts quickly to changes in the market.
6-Month Treasury Average ARM
Like the 6-Month CD ARM, this program has a maximum interest rate adjustment of 1% every six months. This program reacts slowly to the rapid changes in the market, therefore causes adjustments in the ARM interest rate to lag behind in some other market indicators.
12-Month Treasury Average ARM
This program has a maximum interest rate adjustment of 2% every 12 months. The Treasury Average reacts slowly to market fluctuation, therefore the ARM interest rate will lag behind some other market indicators.
1-Year Treasury Spot ARM
This program has a maximum adjustment of 2% every 12 months. This program reacts slower than CD index but faster than Treasury Average.
What People are Saying
Troy and I wanted to let you know how much we appreciated the special care you took of us during our loan process. I know that we have told you before, but we really are thankful for all you did for us. We feel as though you went above and beyond what anyone would have done to take care of us. We do not feel like the process could have gone any smoother, and it is all thanks to you! We were able to get everything we asked for (low rate and great payment) plus more! The service we received was exceptional and we will gladly refer you to any of our friends and family members. We heard such horror stories about loans and closing, it was nice not to have those come true for us. Thank you for making our experience easy, smooth, and wonderful!
Boise Idaho