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Is an adjustable rate mortgage right for you?

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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.

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Rates as low as 3.99% (4.908% APR)! Fill out the form below, or call (800) 251-9080 to get started now!
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Key Benefits

Mortgage Rates as Low as 3.99% (4.908% APR)

  • Do you want to significantly reduce the cost of your mortgage?
  • Do you plan to move or refinance in the next 5, 7 or 10 years?
  • Do you want the lowest mortgage rate available?

If you answered yes to any of these questions, an adjustable rate mortgage might be right for you! Whether you choose the 5-year, the 7-year or the 10-year adjustable rate mortgage, you’ll get the lowest rate we offer and save thousands over a traditional fixed-rate mortgage during the initial fixed-rate period. Afterwards, the rate may change once per year.

Why You Should Choose Quicken Loans

  • You’ll get a completely online application process with less paperwork, and you can track the status of your mortgage application.
  • Our Home Loan Experts are available to answer your questions and help you understand the details so you get the right mortgage for you.
  • After you close your loan, you can manage your mortgage online without any hidden fees.
  • We service 99% of our mortgages, which means you can expect our great customer service to continue after you close.

Other Popular Loan Options

How It Works

Adjustable Rate Mortgage Qualification Requirements

  • Refinance up to 95% of your primary home’s value
  • Buy a home with as little as 5% down (primary home)

How Adjustable Rate Mortgages Work

  • Interest rates are fixed for a period of 5, 7 or 10 years. After the fixed-rate period, your interest rate may change once per year – either up or down depending on market conditions.
  • Rate changes are capped at 5% above your initial fixed rate and 2% or 5% per adjustment period, which means you’re protected. For example, if your initial interest rate is 2.99%, your rate will never be higher than 7.99%, and it will never rise more than 2% per year after the fixed-rate period.
  • Your actual payment will vary based on your situation and the current interest rates when you apply.
  • You can pay your mortgage at any time without prepayment penalties.
  • FHA and VA ARMs are also available for those who want the flexible guidelines of an FHA or VA loan.