Adjustable Rate Mortgage (ARM)
Adjustable-rate mortgages have interest rates that change periodically based on your loan’s financial rate index. They can be a good choice if you plan to move before the end of the initial fixed-rate period or want an initial payment that is lower than alternative fixed-rate mortgages.
To learn more about the rates and fees that apply to our adjustable rate mortgage loans, click to view CHARM Booklet (opens in a new tab) and Early ARM Disclosures (opens in a new tab).
First Fed mortgage financing is only available for Washington State properties at this time. Need more information? Connect with one of our experienced Mortgage Loan Officers to discuss your options and guide you through this process.
Purchase: 7/1 Adjustable Rate Mortgage (ARM)
Apply Now (opens in a new tab)| Loan Type | Loan Type Interest Rate | APR | Discount Points | Ex: Loan Amount | Ex: Monthly Payment - 7 years | Ex: Monthly Payment - 23 years |
|---|---|---|---|---|---|---|
| 7/1 ARM | 6.625%, first 7 years; then 1 year CMT + 3.00 adjusted annually for years 8-30 | 6.988% | 0.000 | $450,000.00 | $2881.40 | $4499.28 maximum P&I payment over the remaining 23 years |
Interest Rates Effective: 09/17/2026
Rates listed are for primary residence in single family home with a 25% down payment and borrower credit score of 780. Loan terms include an initial 7-year fixed P&I payment. After the initial fixed period, your P&I payment & interest rate adjusts annually based on the 1-year Constant Maturity Treasury (CMT) index plus a 3.00% margin (fully indexed rate) for the remaining term of the loan, the interest and payments may increase. Interest rate caps over the start rate are 5% initial, 2% subsequent and 5% lifetime. Annual Percentage Rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. The APR may be increased after the closing date on adjustable-rate mortgage (ARM) loans. Example monthly payments quoted include principal and interest only. Actual payments may be higher if they include taxes and insurance. Rates, terms, and fees are subject to change without notice. Subject to credit approval. Ask us about additional available loan programs.
Purchase: 5/1 Adjustable Rate Mortgage (ARM)
Apply Now (opens in a new tab)| Loan Type | Loan Type Interest Rate | APR | Discount Points | Ex: Loan Amount | Ex: Monthly Payment - 7 years | Ex: Monthly Payment - 23 years |
|---|---|---|---|---|---|---|
| 5/1 ARM | 6.500% first 5 years; then 1 year CMT + 3.00 adjusted annually for years 6-30 | 7.012% | 0.000 | $450,000.00 | $2,844.31 | $4456.31 maximum P&I payment over the remaining 25 years |
Interest Rates Effective: 09/17/2026
Rates listed are for primary residence in single family home with a 25% down payment and borrower credit score of 780. Loan terms include an initial 5-year fixed P&I payment. After the initial fixed period, your P&I payment & interest rate adjusts annually based on the 1-year Constant Maturity Treasury (CMT) index plus a 3.00% margin (fully indexed rate) for the remaining term of the loan, the interest and payments may increase. Interest rate caps over the start rate are 1% initial, 2% subsequent and 5% lifetime. Annual Percentage Rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. The APR may be increased after the closing date on adjustable-rate mortgage (ARM) loans. Example monthly payments quoted include principal and interest only. Actual payments may be higher if they include taxes and insurance. Rates, terms, and fees are subject to change without notice. Subject to credit approval. Ask us about additional available loan programs.