Discover the Benefits of ARMs Today!
Take Advantage of Lower Early Payments with ARMs
In today’s high-rate environment, Adjustable-Rate Mortgages (ARMs) offer a unique advantage by typically starting with lower interest rates compared to fixed-rate mortgages. This initial lower rate can result in significant savings on your monthly payments, making homeownership more affordable in the early years. Additionally, ARMs provide flexibility, with potential adjustments to lower rates if the market changes, allowing you to take advantage of future rate decreases.
At Swiftly Loans Inc., we offer access to competitive Adjustable-Rate Mortgages (ARMs) with 5-, 7-, and 10-year terms, tailored to provide you with attractive rates and flexible options.
What’s an Adjustable-Rate Mortgage?
An adjustable-rate mortgage (ARM) has an interest rate that changes periodically with the broader market. An ARM starts with a low fixed rate during the introductory period, which typically is three, five, seven, or ten years. When the introductory period expires, the interest rate changes regularly based on a benchmark index.
If the index is lower than when you got the loan, your interest rate and mortgage payment will decrease. But if it’s higher, your interest rate and mortgage payment will go up. ARM rates continue to change periodically after the introductory period — usually once every six months — until you sell the home, refinance, or pay back the mortgage in full. ARMs usually have 30-year terms.
ARMs vs. Fixed-Rate Mortgages
The main difference between ARMs and fixed-rate mortgages is that ARMs have an interest rate and monthly payments that can fluctuate over time, whereas fixed-rate mortgages have an interest rate that never changes, ensuring consistent monthly principal-and-interest payments. ARMs gain popularity when their introductory interest rates are lower than those for fixed-rate mortgages, providing borrowers with smaller initial monthly payments and greater homebuying power. However, the potential for rising rates and payments means borrowers must carefully consider their ability to afford future increases.
Products for California's Real Estate
Swiftly Loans Inc. High Balance ARM Programs
Is an ARM Right for You?
Consider an ARM in these scenarios:
- Temporary Home Ownership: If you don’t plan to stay in the home long-term, an ARM could save you money with its low initial fixed rate, allowing you to sell before the adjustable period starts.
- Rapid Mortgage Repayment: If you expect a financial windfall, such as an inheritance, an ARM’s low initial rate can save you money, and you can pay off the loan before the rates adjust.
- Comfort with Initial Low Payments: If you prefer lower initial payments and are willing to accept the risk of future increases, an ARM might suit you. There’s also the possibility of the benchmark index dropping, leading to lower rates after the fixed period.
For those planning long-term homeownership or preferring stable monthly payments, a fixed-rate mortgage may be a better choice.
Our ARM Options
At Swiftly Loans Inc., we provide competitive ARMs with 5-, 7-, and 10-year terms, designed to offer you attractive rates and flexible terms.
Standard ARMs
- Eligibility: 620+ FICO score, up to 95% LTV
- Property Types: Primary, secondary, and investment properties
- Loan Purposes: Purchase, rate/term refinance, cash-out refinance
- Special Features: One-Time Close New Construction loans available for 7 and 10-year ARMs
Premier ARMs
- Eligibility: 700+ FICO score, up to 80% LTV
- Property Types: Primary, secondary, and investment properties
- Loan Purposes: Purchase, rate/term refinance, cash-out refinance
Experience the flexibility and benefits of our ARM offerings. Whether you’re buying a new home, refinancing, or investing, Swiftly Loans Inc. has the ideal solution for you.
Contact us today to get started!
High Balance ARMs
Eligibility: 620+ FICO score, up to 95% LTV
- Property Types: Primary, secondary, and investment properties
- Loan Amounts: From $766,550 up to county limits
- Special Features: One-Time Close New Construction loans for 7 and 10-year ARMs, Temporary Rate Buydowns
Premier High Balance ARMs
- Eligibility: 700+ FICO score, up to 80% LTV
- Property Types: Primary, secondary, and investment properties
- Loan Amounts: From $766,550 up to county limits
- Special Features: Appraisal waivers, Temporary Rate Buydowns
Jumbo ARMs
- Loan Terms: 5-, 7-, and 10-year ARMs
- Maximum Loan Amount: Up to $3 million
- Credit Score Requirement: 680+ FICO score
- Debt-to-Income Ratio: Up to 45%
- Loan-to-Value Ratio: Up to 80%
- Eligible Properties: Primary residences, second homes, investment properties
