Lower Initial Rates | Lower Payments

Adjustable Rate

Mortgage Dallas, TX

Do you plan to live in your new home for a short period of time? An adjustable-rate mortgage (ARM) may be a smart move. An ARM is a home loan with an adjustable mortgage rate, meaning the rate you pay will fluctuate month to month or year to year. Depending on mortgage conditions, these fluctuations could make your monthly payment go down or up.

Lower Initial Rates | Lower Payments

Kurv Loans Adjustable-Rate Mortgage (ARM)

Our no-obligation calculators make it easy to see how much you can afford, or how much you could potentially save, with a mortgage loan from Kurv Loans.

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With an ARM, the initial interest rate is fixed for a period of time. Then the interest rate resets periodically, at yearly or monthly intervals.

Who 15-Year Fixed Loans Are Best For

What Are The Requirements For An ARM Loan?

To qualify for an ARM, you’ll need:

A minimum 5% down payment
A minimum FICO® Score of 620
A debt-to-income ratio (DTI) of no more than 50%
A maximum loan-to-value ratio (LTV) of 95%

5/1 ARM

A subset of ARM loans is the 5/1 ARM.

A 5/1 ARM is a loan in which the interest rate is fixed for the first five years and then adjusts annually for the remainder of the loan term.

Common Adjustable-Rate Mortgage (ARM) Questions

Is An ARM Right For Me?

For some homebuyers, ARMs may make more sense. First-time home buyers may want to purchase a house with an ARM from Kurv Loans and sell it before the fixed-rate period ends to achieve lower mortgage payments.

Do ARM Loans Save You Money?

They can; however, you are at the mercy of the market. In general, ARM loans have a lower initial monthly payment than other loan types during the fixed phase of the loan. If you plan on living in your home for only a few years and market rates remain low, you could save a chunk of change.