A 5/5 ARM* is an adjustable-rate mortgage with an initial fixed rate for five years of a 30-year loan term. After the first five years, the mortgage rate is variable and may change every five years for the remaining term of the loan.
Advantages of the 5/5 Adjustable-Rate Mortgage:
*ARM is Adjustable Rate Mortgage. This is a limited time offer. AgFed reserves the right to withdraw this offer at any time without notice. Property must be located in a U.S. state or the District of Columbia, excluding Hawaii and Texas. Offer is not available for investment or non-owner occupied properties. Certain restrictions and conditions may apply. This offer may not be combined with other offers.