Expand Your Reach with Adjustable-Rate Mortgages (ARMs)

Looking to offer more flexible financing solutions to your clients? Adjustable-Rate Mortgages (ARMs) could be the key to opening new doors. With competitive options available through both FNMA and FHLMC, ARMs give you the opportunity to help more buyers find the perfect fit—whether they’re purchasing, refinancing, or investing.

FNMA:

  • Conforming, High Balance 
  • Purchase, Limited Cash Out Refinance and Cash-Out Refinance
  • Minimum 620 FICO on all ARMS transactions
  • Max 95% LTV for Conforming and High Balance
  • 5/6, 7/6 AND 10/6 SOFR ARM (non-standard terms not allowed)
  • 2025 Conforming Loan Limits Apply
  • Minimum Loan Amount $75,000

FHLMC:

  • Standard Conforming and Super Conforming
  • Purchase, Limited Cash Out Refinance and Cash Out Refinance
  • Minimum 620 FICO on all ARMS transactions
  • Max 95% LTV
  • 5/6, 7/6 AND 10/6 SOFR ARM (non-standard terms not allowed)
  • 2025 Conforming Loan Limits Apply
  • Minimum Loan Amount $75,000
  • Home Possible not eligibile

Note the following in regards to both FNMA and FHLMC Adjustable Rate Mortgages: 5/6 ARMs: Borrowers are limited to owning only one (1) financed property (1-4 unit); if the borrower will own more than one financed property, including the subject property, 5/6 ARMs are ineligible. MA, MD (Purchase only), NM and PA: 7/6 and 10/6 ARMs require qualifying rate at the greater of the note rate or the fully indexed rate (index rate + margin).

ARMS ineligible for Home Possible and Home Ready