Adjustable Rate Mortgages (ARMs)

With these home loans, Sunward combines a low rate with payment stability similar to our fixed rate mortgage.

Budgeting predictability – lock in rates and payments for 5- or 15-year periods
Low closing costs – for jumbo loans, too
No private mortgage insurance (PMI) required
Payments that fit your budget – terms up to 30 years and no points

Get started today: Apply Now Estimate Your Payments CONNECT WITH A HOME LOAN OFFICER

7/1 ARM

This mortgage is a great choice for those who may move or refinance within seven years. Get the stability of a seven-year fixed interest rate, a rate and payment that adjust annually after that, and a 30-year term with no points.

More purchasing power: The 7/1 ARM offers a lower qualifying rate than other loan types, meaning you could qualify for a bigger amount
Down payments as low as 3% for first-time home buyers
Rate is capped at 3.5% at the first adjustment, and cannot increase or decrease by more than 2% at each annual adjustment after that

5/5 ARM

This mortgage is a smart choice for first-time home buyers and those who may move or refinance within five to seven years. Get the security of a rate and payment that adjust only once every five years.

Down payments as low as 3% for first-time home buyers
Rate caps for peace of mind – each adjustment is capped at 2%, and your rate will never increase more than 5% above your origination rate

15/15 ARM

This mortgage is perfect for growing families or near-retirees who expect to move within 15 years.

Down payments as low as 3% for first-time home buyers
Lower rates and closing costs than a fixed rate mortgage
Your rate will only adjust once during the life of the loan and is capped at 6% above your loan origination rate

Return to home loan options

Already a Sunward Member?

Log In to Online Banking

Non-Members

Apply for Sunward Membership:

PERSONAL

BUSINESS

RESOURCES

Locations

Contact

Adjustable Rate Mortgages (ARMs)

7/1 ARM

5/5 ARM

15/15 ARM