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