Adjustable Rate Mortgage (ARM)
- 5/5 ARM interest rates are historically lower than most other mortgage loan rates, which means lower initial monthly payments.
- The interest rate only adjusts once every five years for the life of the loan.
- There is also a limit on how much the rate can change at the end of each adjustment period, so that your interest rate and payments stay affordable.
- Only a two-year waiting period after a short sale is required, giving flexibility to those looking to start over with their homeownership.
*All loans are subject to credit approval by Greater Nevada Mortgage. Additional terms and conditions apply.