National ATMsAdjustable-Rate Mortgage (ARM)
Find the right mortgage loan to match the perfect house.
Magnifi Financial offers a variety of adjustable-rate mortgage loan options for borrowers. An ARM loan has an interest rate which varies throughout the life of the loan. There is an initial period where the interest rate is fixed, and then the rate resets periodically at an interval which is determined in your loan terms. Your local Magnifi Financial mortgage lender can help you determine if an ARM loan is the right option for you.
Why ARM?
An ARM loan might be a good choice if you're planning on paying off most of the mortgage loan before the fixed interest rate period ends or if you won't be financially burdened when the rate changes.
Rate and Payment Caps
When your fixed-rate period ends, your interest and payment amount will adjust. However, based on the terms of your loan, your interest rate and payment can only adjust within a certain specified amount.
Loan Terms Example
5/1: 5 years at a fixed interest rate, followed by a possible annual rate adjustment for the remainder of the loan term.
Mortgage Loan Calculator
Estimate monthly payments and total interest paid on any fixed-rate mortgage loan.
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Apply NowMortgage Programs
Check out some of the mortgage loan options available with Magnifi Financial:
CONVENTIONAL
MORTGAGE
Traditional mortgage loans with fixed rates throughout the term of the loan.
FIRST-TIME
HOMEBUYERS
Learn more about purchasing your first home and your options available.
VETERANS AFFAIRS (VA)
A VA loan helps provide home financing for eligible Service members, Veterans, and surviving spouses.
FHA
LOANS
Funds are available from the Federal Housing Administration to low-moderate income families.
HOMEREADY BY
FANNIE MAE
A program for credit-worthy low-to-moderate income borrowers or homes in low-income communities.
LAND
LOANS
Loans are available for the purchase of property such as for hunting or investment.
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