Adjustable Rate Mortgage (ARM)

Get Answers Online

With Rocket Mortgage® by Quicken Loans, our fast, powerful and completely online way to get a mortgage, you can find out which loan option is right for you.

Start Now

Talk to an Expert

Not comfortable starting online? Answer a few questions, and we’ll have a Home Loan Expert call you.

Talk Now

Rates as low as 3.5% (4.217% APR)! Fill out the form below, or call (800) 251-9080 to get started now!

All Fields Required

Or Call

Mortgage Goal:

Refinance/Home Equity

How much do you want to borrow?

How much is your home worth?

Purchase

Why are you purchasing a new home?

Are you currently renting?

When does your lease expire?

In what state are you buying your property?

County:

Are you currently working with a real estate agent?

Estimated Down Payment:

Purchase Price:

How would you rate your credit?

First Name:

Last Name:

Zip:

Email Address:

Preferred Phone

- -

I am eligible for and interested in VA/military loans.

How did you hear of us?

I would prefer to be contacted in:

Over 62? Check here for exclusive Reverse Mortgage loan options from our partner!

Communication Consent:

By submitting your contact information you agree to our Terms of Use and our Security and Privacy Policy. You also expressly consent to having Quicken Loans, our Family of Companies, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Quicken Loans or its affiliates. By communicating with us by phone, you consent to calls being recorded and monitored.

(Secure / No Obligation / Free Expert Advice)

How It Works

How Adjustable Rate Mortgages Work

Your interest rate is fixed for a specific period. After that, your interest rate may change annually depending on the market. That means your monthly mortgage payment can go up or down each year. Your rate won’t increase more than 5% of the original rate throughout the life of the loan.

A popular option is a 5/1 Adjustable Rate Mortgage, or ARM where your interest rate is fixed for 5 years.

The Different Types of Adjustable Rate Mortgages

FHA offers an ARM option
Qualified veterans, service members and spouses can eligible for an ARM with a VA loan

Key Benefits

How You Save with an Adjustable Rate Mortgage

Your starting interest rate is typically lower than other kinds of loans
Today’s low interest rate for a 5/1 ARM is 3.5% (4.217% APR)
Monthly mortgage payments are more affordable during the first years
Down payments can be as low at 5% on a home loan purchase
Refinance up to 95% of your current home’s value

The Benefits of Getting a Loan from Quicken Loans

Complete your application completely online and speak to a real person if you need help.
Home Loan Experts are available via chat, email and phone to help you understand whether an ARM is right for you.
We service 99% of our mortgages, so our great customer service continues after you close.
After you close your loan, you can manage your mortgage online without any hidden fees.

Other Popular Loan Options

Learn About Adjustable Rate Mortgages

Understanding Adjustable Rate Mortgages: ARM Basics
What’s the Difference Between Adjustable Rate and Fixed-Rate Mortgages?
Read more about mortgage options in our Home Buyer’s Guide

Communication Consent & Disclaimers

Click to see our assumptions

Mortgage rates could change daily.
Actual payments will vary based on your individual situation and current rates.
Some products may not be available in all states.
Some jumbo products may not be available to first time home buyers.
Lending services may not be available in all areas.
Some restrictions may apply.
Based on the purchase/refinance of a primary residence with no cash out at closing.
We assumed (unless otherwise noted) that: closing costs are paid out of pocket; this is your primary residence and is a single family home; debt-to-income ratio is less than 30%; and credit score is over 720, or in the case of certain Jumbo products we assume a credit score over 740; and an escrow account for the payment of taxes and insurance.
The lock period for your rate is 45 days.
If LTV > 80%, PMI will be added to your monthly mortgage payment, with the exception of Military/VA loans. Military/VA loans do not require PMI.
Please remember that we don’t have all your information. Therefore, the rate and payment results you see from this calculator may not reflect your actual situation. Quicken Loans offers a wide variety of loan options. You may still qualify for a loan even if your situation doesn’t match our assumptions. To get more accurate and personalized results, please call (800) 251-9080 to talk to one of our mortgage experts.

Adjustable-Rate Mortgage: The initial payment on a 30-year $200,000 5-year Adjustable-Rate Loan at 3.50% and 74.91% loan-to-value (LTV) is $898.09 with 2.625 points due at closing. The Annual Percentage Rate (APR) is 4.217%. After the initial 5 years, the principal and interest payment is $959.34. The fully indexed rate of 4.125% is in effect for the remaining 25 years and can change once every year for the remaining life of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Rate is variable and subject to change after 5 years.