5 Year ARM

This is the option for you if you know you will be transferred or will sell this home in the next 3 to 5 years.

5 Year ARM is fixed for the first 5 years then adjust. The loan is amortized over 30 years.

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5 Year ARM, Fixed for five years, amortize for 30 years

Fixed-rate mortgages are Fannie Mae's flagship products, since many consumers prefer the stability of both a fixed interest rate and a fixed payment over the life of the loan.

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Interest Rates

Current Rates

30 Yr Fixed 6.000%
15 Yr Fixed 6.250%
30 Yr Jumbo 7.375%
20 Yr. Fixed 7.250%
15 Yr Jumbo 7.125%
30 Yr Land 7.000%
15 Yr Land 6.300%
Prime Rate 5.00%
Commercial 6.99%

Interest rates, mortgage program terms and conditions are subject to change without notice. Loans are subject to credit review and approval. Properties securing all loans must be located in Michigan.