Lower your payment.
Keep your flexibility.
How an Adjustable-Rate Mortgage program could help you find your dream home without the dream-sized payment.
What Is an ARM Program?
An Adjustable-Rate Mortgage (ARM) program is designed to help borrowers purchase or refinance their primary residence while capturing a lower rate in today’s rate environment. The rate will be fixed for 5, 7 or 10 years and then adjust every 6 months based on market rates at that time.
How it Works
Available for primary residences in Michigan and select counties in Ohio, this program covers single-family homes and condos with up to 95% financing. Use it to purchase a new home or refinance — including cash-out — and start saving from day one with a lower rate than a traditional 30-year fixed loan.
Key Benefits
Lower initial monthly payment
Great for short-term buyers
More buying power
No rate buydown required
of ARM borrowers plan to sell before their rate ever adjusts, making an ARM a smart short-term strategy.*
23%
Contact us to learn more and see if this program is right for you!
*Statistic pulled from resimpli.com/blog/mortgage-rate-statistics/ and their survey