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Adjustable Rate Mortgages

Flex Your Financial Future with an Adjustable-Rate Mortgage.

Embrace lower initial payments and flexibility with Adjustable-Rate Mortgages.

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Blend Affordability with Market-Ready Adaptability for Your Home Journey

Dynamic Financing with Adjustable-Rate Mortgages (ARMs)

Adjustable-Rate Mortgages (ARMs) offer a dynamic financing option for homebuyers, blending initial affordability with the adaptability to market changes.

AmeriTrust_FixedRateMortgages

Adjustable-Rate Mortgage (ARM) Overview

  • Definition: A home loan with a variable interest rate, unlike the constant rate of a fixed-rate mortgage.

  • Key Differences: Rates may fluctuate based on market conditions, impacting monthly payments.

Tax Benefits of Adjustable-Rate Mortgage (ARM)

  • Interest Deductibility: Paid interest may be tax-deductible.

  • Impact on Deductions: Fluctuating rates can affect the amount of deductible interest.

Types of Adjustable-Rate Mortgages

1

Hybrid ARMs

Start with a fixed rate, then adjust (e.g., 5/1, 7/1 ARM).

2

Interest-Only ARMs

Pay only interest for a set period, then principal + interest.

3

Payment-Option ARMs

Offer flexible payment choices, including minimum or interest-only payments.

ARM Programs

1

FHA ARMs

Lower entry requirements, backed by the government.

2

VA ARMs

Special options for veterans.

3

Conventional ARMs

Higher qualifications, not government-insured.

Points to Consider for ARM’s

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Benefits of ARMs

  • Lower Initial Rates: Often start lower than fixed-rate mortgages.
  • Reduced Initial Payments: Can offer more affordability early on.
  • Flexible Payments: Multiple payment options available.
  • Refinance Opportunities: Option to switch to a fixed-rate mortgage if needed.
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Interest Rate Mechanics

  • Rate Adjustment: Linked to an index, adjusting accordingly.
  • ARM vs. Fixed Rate: ARMs typically begin with lower rates.
  • Rate Trends: Variable, with potential impacts from rate caps.
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ARM Standards and Protections

  • Disclosures: Lenders must detail ARM terms clearly.
  • Rate Caps: Limits on how much rates or payments can increase.
  • Consumer Safeguards: Laws in place to protect borrowers.
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Qualifying for an ARM

  • Credit Score: A good credit score is typically required.
  • Debt-to-Income Ratio: Must meet lender guidelines.
  • Income Verification: Proof of steady income and employment.
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Using ARMs for Financing

  • Refinancing with ARMs: An option for potentially lower rates.
  • Purchasing with ARMs: Suitable for buyers planning short-term ownership.

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Adjustable-Rate Mortgages (ARMs) stand out as a strategic choice for certain homebuyers.

Whether you're looking to purchase your first home, invest in property, or find an affordable path to homeownership, ARMs provide a unique solution that can be tailored to fit your evolving needs. Careful consideration and understanding of the loan's terms and conditions are crucial, ensuring that you make an informed decision that aligns with your long-term financial goals.

Five commons

Home Buying Myths

01

I Do Not need 20% down to buy a home.

02

I Do Not need perfect credit to buy a home.

03

I Do need a dedicated Loan Agent.

04

A 30-year, fixed-rate mortgage is not always the best.

05

Buying a home is always better than renting.

06

Ask a Loan Office to compare FHA vs Conventional.

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Our Loan Programs

5 - 8 UNIT

MIXED USE DSCR
  • •660+ FICO
  • •Min. DSCR 1.00
  • •Loans to $2MM
  • •Interest-Only Available
  • •5-8 Units Allowed
  • •$1M Max Cash-Out
  • •Mixed Use Limited to Retail/ Office

1099

Loans
  • •Credit Score Start at 660
  • •Loans to $ 4MM
  • •55% Max DTI (Primary)
  • •LTV to 90%
  • •Unlimited Cash Out
  • •Non-Warrantable Condos
  • •Condotels OK

Bank Statement Loans

  • •Credit Score-660
  • •Loans upto $ 4MM
  • •LTV to 90%
  • •55% Max DTI (Primary)
  • •Unlimited Cash Out
  • •Non-Warrantable Condos
  • •Condotels OK

Down Payment

Assistance
  • •Credit Scores Start at 600
  • •Up to 103% Max LTV*
  • •Up to 3.5% of the Appraised Value on FHA Loans
  • •Value on
  • •FHA Loans
  • •LTV* to 90%
  • •Primary Residence Only

CALHAF - Home

Assistance DPA
  • Credit Scores - 680
  • LTV to 97%
  • MI Required
  • Loans to 3% of the Appraised Value
  • Secondary Financing to accompany a CalFHA
  • Mortgage
  • First - Time Home Buyer Opportunity

Blanket DSCR

Loans
  • 680+ FICO
  • LTV* to 80%
  • Fixed Loan
  • Min. DSCR is 1.0
  • Loans to $6.25MM
  • Multiple Properties
  • Min. 2 and Max 25 Properties Allowed
  • Purchase, Rate & Term,
  • Cash-Out Allowed
  • Investor Opportunity

ITIN

Loans
  • Credit Scores - 680
  • LTV to 97%
  • MI Required
  • Loans to 3% of the Appraised Value
  • Secondary Financing to accompany a CalFHA
  • Mortgage
  • First - Time Home Buyer Opportunity

No Ratio

DSCR
  • 1
  • Credit Scores - 660
  • 2
  • Loans to $ 3MM
  • 3
  • LTV* to 75%
  • 4
  • Short Term Rentals (AirBnB/VRBO)
  • 5
  • Qualify off of Interest-Only Payments

Frequently Asked Questions

FAQs for first-time home buyers, providing clear and concise answers to common queries:

Homeownership Adventure

Turn your dream home into reality with our expert loan officers ready to guide you.

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NMLS# 390320

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NMLS# 237507

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Phone: 714-814-2125

Address: 6 Hutton Centre Drive,

Suite 1030, Santa Ana,CA92707

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