Adjustable-Rate Mortgage Purchase

Make a home your own with the stability and affordability of an Adjustable-Rate Mortgage (ARM).

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Adjustable-Rate Mortgage Purchase

Adjustable-Rate Mortgage Member Reviews
Adjustable-Rate Mortgages
5/5 ARM
Zero Down ARM
Jumbo ARM

Jumbo Adjustable-Rate Mortgage (ARM)1

Got big dreams? We've got Jumbo Mortgages to match!

Looking to buy or refinance a home with a large mortgage? Consider a Jumbo Adjustable-Rate Mortgage (ARM) and enjoy competitive rates on loans up to $2,000,000.

Great Features & Benefits
  • Competitive interest rates on loans up to $2,000,0001
  • Fully amortized 3/1 ARM, 5/1 ARM, and 7/1 ARM available
  • Interest may be tax deductible (please consult your tax advisor)
Apply today!

Apply Now View  Home Loan Rates Compare Rates 


APR = Annual Percentage Rate

Loans are available for second homes and investment properties in CA at different rates and terms. Rates and terms as of 10/16/17 and based on credit history, subject to credit approval, and subject to change without notice. Some restrictions apply.

1Jumbo loan payment examples are based on a purchase price of $1,000,000 with 35% down (65% LTV) and a $650,000 loan on a single-family, owner-occupied home with a 30-year term. 3/1 ARM has an APR of 3.442% and has monthly payments of $2,653.57. 5/1 ARM has an APR of 3.512% and has monthly payments of $2,567.29. 7/1 ARM has an APR of 3.250% and has monthly payments of $2,828.84. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment.

Adjustable-Rate Mortgage (ARM)

How does an ARM work? It’s this simple.

Your rate is fixed for a set term and then it becomes a variable rate loan and adjusts when interest rates change over the life of the loan. For example, a 5/1 ARM has a fixed loan payment for the first five years. Beginning on year six, the rate may adjust and may continue to adjust each year thereafter.

Is an ARM right for you?

An adjustable-rate mortgage may be the right option for you if:

  • You want to save interest with lower initial rates
  • You intend to relocate during the fixed-rate period of 3, 5 or 7 years
  • You plan to sell or refinance your home within the fixed-rate period of the ARM
Great Features & Benefits
Apply Today!

We are available to walk you step-by-step through the loan process and determine the loan that's best for you. Give us a call today at (877) 495-1600, or begin the online loan application today.

Apply Now View  Home Loan Rates Compare Rates


APR=Annual Percentage Rate.

Loans are available for second homes and investment properties in CA at different rates and terms. Rates and terms as of 10/16/17 based on credit history, subject to credit approval, and subject to change without notice. Some restrictions apply.

1Loans over 80% LTV require mortgage insurance. Payment examples are based on a purchase price of $350,000 with 0% down (100% LTV) and a $350,000 loan on a single-family, owner-occupied home with a 30-year term. 3/1 ARM has an APR of 3.650% and has monthly payments of $1,428.84. 5/1 ARM has an APR of 3.596% and has monthly payments of $1,475.61. 7/1 ARM has an APR of 3.731% and has monthly payments of $1,571.66 inclusive of mortgage insurance. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment.

2Jumbo loan payment examples are based on a purchase price of $300,000 with 5% down (95% LTV) and a $285,000 loan on a single-family, owner-occupied home with a 30-year term. 3/1 ARM has an APR of 3.442% and has monthly payments of $2,653.57. 5/1 ARM has an APR of 3.512% and has monthly payments of $2,567.29. 7/1 ARM has an APR of 3.250% and has monthly payments of $2,828.84. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment.

3Loans over 80% LTV require mortgage insurance. Payment examples are based on a purchase price of $300,000 with 5% down (95% LTV) and a $285,000 loan on a single-family, owner-occupied home with a 30-year term. 3/1 ARM has an APR of 3.851% and has monthly payments of $1,297.09. 5/1 ARM has an APR of 3.646% and has monthly payments of $1,272.74. 7/1 ARM has an APR of 3.790% and has monthly payments of $1,349.59 inclusive of mortgage insurance. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment.

 

5/5 Adjustable-Rate Mortgage (ARM)

Affordability and stability—all in one home loan!

Our 5/5 ARM offers low monthly payments for five years. Interest rates will adjust at the five-year mark, but don't worry—Cal Coast has your back! We cap your interest rate adjustments to keep your monthly payments predictable and within reach. With a 5/5 ARM, enjoy peace of mind—and your dream home!

Why Get a 5/5 ARM?
  • Greater affordability with lender-paid mortgage insurance
  • Low interest rate with affordable initial payments
  • Low down payment
  • Stable monthly payments
Get low monthly payments and save over $400 per month with our 5/5 ARM.2
  30-Year Fixed Mortgage3 5/5 Adjustable-Rate Mortgage4
APR1 4.250% 3.500%
Principal & Interest $2,214 $2,021
Mortgage Insurance $218

$0

(Mortgage insurance paid by Cal Coast)

Payment $2,432 $2,021

Savings based on a purchase loan comparison of a 30-Year Fixed Mortgage vs a 5/5 ARM.

Apply Today!

We are available to walk you step-by-step through the loan process and determine the loan that's best for you. Give us a call at (877) 495-1600, or begin the online loan application today.

Apply Now View  Home Loan Rates Compare Rates


1APR = Annual Percentage Rate

Loans are available for second homes and investment properties in CA at different rates and terms. Rates and terms as of 10/16/17 based on credit history, subject to credit approval, and subject to change without notice. Some restrictions apply. Loans over 80% Loan-To-Value (LTV) require mortgage insurance.

2Payment comparison is based on a purchase price of $500,000 with 10% down (90% LTV) and a $450,000 loan on a single-family, owner-occupied home with a 30-year term. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment.

3A 30-year term fixed-rate mortgage has a rate of 4.250% and an APR of 4.578% and a monthly payment of $2,431.23. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment.

45/5 ARM has an APR of 3.769% and has monthly payments of $2,020.70 inclusive of mortgage insurance. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment. Rates are subject to increase or decrease once every 5 years based on the weekly average of the 5-Year Constant Maturity Treasury (CMT) index rate as made available by the Federal Reserve Board, plus a margin of 2.50%. Maximum cap of 2% every 5 years and 5% over the life of the loan.

Zero Down Adjustable-Rate Mortgage (ARM)

Hoping to purchase your home with no down payment or no mortgage insurance? Then our Zero Down ARM is perfect for you.

Enjoy Great Features & Benefits
  • No down payment and no mortgage insurance1
  • Fully amortized 3/1 ARM, 5/1 ARM and 7/1 ARM available
  • Loan amounts up to $350,000
  • Competitive interest rates and low initial payments
  • Up to 100% Loan-To-Value (LTV)
  • Interest may be tax deductible (please consult your tax advisor)
Apply today!

Apply Now View  Home Loan Rates


APR = Annual Percentage Rate

Loans are available for second homes and investment properties in CA at different rates and terms. Rates and terms as of 10/16/17 based on credit history, subject to credit approval, and subject to change without notice. Some restrictions apply.

1Loans over 80% LTV require mortgage insurance. Payment examples are based on a purchase price of $350,000 with 0% down (100% LTV) and a $350,000 loan on a single-family, owner-occupied home with a 30-year term. 3/1 ARM has an APR of 3.650% and has monthly payments of $1,428.84. 5/1 ARM has an APR of 3.596% and has monthly payments of $1,475.61. 7/1 ARM has an APR of 3.731% and has monthly payments of $1,571.66 inclusive of mortgage insurance. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment.

Freedom Home Loan—No Closing Cost ARM

Set yourself loose from high rates, points, fees and closing costs!

Say “No!” to points, fees and closing costs.1 Say “Yes” to an Adjustable-Rate Mortgage (ARM) that starts you off with a lower rate, or fix it for 15 or 30 years.

No more high costs.
  • 15-year1 or 30-year2 fixed-rate terms
  • No points and no closing costs3
  • As little as 5% down on purchases4
  • Fully amortized 3/1 ARM, 5/1 ARM, and 7/1 ARMs available
  • Competitive interest rates and low initial payments
  • No negative amortization, no balloon payment, and no pre-payment penalty
  • Interest may be tax-deductible (please consult your tax advisor)
Apply Today!

We are available to walk you step-by-step through the loan process and determine the loan that's best for you. Give us a call at (877) 495-1600, or begin the online loan application today.

Apply Now View  Home Loan Rates


APR = Annual Percentage Rate.

Loans are available for second homes and investment properties in CA at different rates and terms. Rates and terms as of 10/16/17 based on credit history, subject to credit approval, and subject to change without notice. Some restrictions apply.

1Payment example: a $250,000 loan on a single-family, owner-occupied home up to 75% LTV with a 15-year term and a rate of 3.250% has an APR of 3.250% and a monthly payment of $1,756.67. A $250,000 loan on a single-family, owner-occupied home up to 75% LTV with a 30-year term and a rate of 4.000% has an APR of 4.000% and a monthly payment of $1,193.54. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment.

2Loans over 80% LTV require mortgage insurance. A $250,000 loan on a single-family, owner-occupied home up to 95% LTV with a 30-year term and a rate of 4.125% has an APR of 4.412% and a monthly payment of $1,307.45 inclusive of mortgage insurance. This payment example doe snot include property insurance and taxes, and the payment will be higher than this disclosed payment.

3Closing costs paid by the lender include title search, escrow, credit report, tax service, and similar non-recurring fees. You are responsible for property taxes, insurance, homeowner association dues, and for purchases, down payment, transfer taxes, and owner's title policy.

4Loans over 80% LTV require mortgage insurance.

Tell me more! Contact Me
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Our members are our most valuable asset. That’s why everything we do — from the accounts, loans and rates we offer, to the personalized caring attention we provide — is designed to help you to achieve your goals.

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