Service One’s Adjustable Rate Mortgages (ARMs) offer a one-of-a-kind mortgage for your one-of-a-kind home. Our 10/10 Adjustable Rate Mortgage has an attractive locked rate for the first 10 years; then it adjusts every 10 years after that. ARMs are great if you don’t plan to stay in your home very long or if you expect your income to rise within the next few years. ARMs are also great for refinancing that higher rate mortgage into a new lower rate loan.
Service One also offers other ARM products such as our 1/1, 3/3, and 5/5 terms. With low down payments and no Private Mortgage Insurance (PMI), our ARMs are a great choice.
* Available on purchases and refinances of primary residence. Rate adjustment period: Locked for first 10 years and adjusts every 10 years for the remainder of the loan term (max. of 2% per adjustment period, or 6% over the life of the loan) which may cause payments to vary. Membership eligibility and credit granting criteria apply.This offer is subject to change without notice.