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Adjustable Rate Mortgages (ARM)

Pay less during the first few years of your loan. Discover the benefits of an adjustable interest rate. 

We’re here to help every step of the way

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Ready to apply online?

Start your loan application here. Don't worry—if you get stuck, we're just a phone call away.
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Speak with a loan advisor at ${phone}

We'll help you find the right loan, start your application, and answer your questions.
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Find a loan advisor

Connect with a local expert and meet remotely or at a nearby branch. We'll guide you through the entire home loan process.

Low initial rates that work in your favor

An ARM typically means you’ll have a lower interest rate—and payment—for the first few years. A lower payment could fit nicely into your budget, free up funds to use elsewhere, or allow you to pay more toward the principal balance. After the fixed rate period, your interest rate could go up, down, or stay the same based on market conditions at the time, so an ARM could be a great fit if you plan on moving before the first adjustment.1 

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Lower initial interest rate

Spend less on interest during the first few years of the loan.

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Competitive ARM rates

Save more when you lock in one of our competitive ARM rates.

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Options for your initial rate period

Decide if your initial low rate stays in place for 5, 7, or 10 years. After that, it can adjust every 6 months.

Pay less during the early years of your loan.

Don’t let the word “adjustable” keep you away from a great loan. Take advantage of our competitive mortgage rates, which are usually lower than a fixed rate loan, then enjoy predictable monthly payments for the first 5, 7, or 10 years. That adds up to significant savings! 

  • Competitive ARM rates
  • Initial periods of 5, 7, or 10 years then adjustments every 6 months
  • Steady monthly principal and interest payments during the initial rate period
  • Interest only options may be available
  • Simple online application
  • Convenient online access to manage your loan on your schedule

Let’s find the perfect mortgage for you

For many people, buying a home is the largest purchase they'll ever make, but you don't have to go it alone. Talk to the friendly, competent, and trustworthy experts at Flagstar to find a home loan solution that's perfect for you. 

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Ready to apply online?

Start your loan application here. Don't worry—if you get stuck, we're just a phone call away.

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Speak with a loan advisor.

We'll help you find the right loan, start your application, and answer your questions.

Icon of a person standing next to a map location symbol

Find a loan advisor.

Connect with a local expert and meet remotely or at a nearby branch. We'll guide you through the entire home loan process.

Manage your loan your way with MyLoans®

Sign in to MyLoans anytime to make payments, view your statements, sign up for paperless statements, and more. Everything you need is right at your fingertips.

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Everything you need to know about home loans

Whether you're an expert or a first-timer, find the ins and outs of mortgages here. Learn what it takes to qualify for a loan, discover the different types of mortgages, and finally understand what an escrow account is for. 

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Home loan basics

Learn how mortgages work, the differences between adjustable and fixed interest rates, and more.
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The mortgage process

Get a step-by-step breakdown, from prequalifying to inspections to closing and beyond. 
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Mortgage Loan Calculators

Calculate your house-hunting budget, monthly payments, closing costs, and more.
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6th Largest Bank Mortgage Originator

Inside Mortgage Finance, Q3 2024

Why choose Flagstar?

We're an award-winning lender with more than 35 years of experience connecting customers to the right mortgage solution for their needs. With hundreds of conventional, jumbo, and government-backed options available, we'll find the right home loan for you, too. Whether you are buying a new home or ready to refinance, you can trust our simple application and streamlined process to get you to closing on time.

You may also be interested in:

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Fixed rate mortgages2

No surprises here, just peace of mind from consistent monthly payments that fit into your budget. 
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Government home loans

VA, FHA, and USDA loans can make homeownership possible—and more affordable. Explore the different types of government-backed loans. 
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Jumbo loans

Discover how a jumbo loan can be a smart way to finance higher-priced homes. 

1With an adjustable-rate mortgage (ARM), your <5/6, 7/6, 10/6 > loan will have an initial fixed-rate period of <60 months, 84 months, 120 months>. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of the reset. Your payment amount will vary based on any adjustment in the interest rate after the fixed-rate period and your monthly payment may increase. Your variable rate can adjust every six months for the remaining life of the loan.

2Rate 6.875% with an APR of 7.044% as of 5/23/2025 10:02 AM EDT. The APR calculation is based on a 30-year fixed-rate mortgage in the amount of $240,000 for the purchase of a single-family, primary residence with 80% loan-to-value (LTV) or 20% down payment, minimum borrower credit score of 740, and estimated points of 1% of the loan amount, and origination fee of $1,295 with 360 monthly payments in the amount of $1,577. Payment amount does not include taxes and insurance which means your monthly obligation will be greater. Actual payment amount will vary based upon credit history, rates in effect at the time of consummation, LTV and other credit factors. A LTV ratio above 80% may result in a need for mortgage insurance. If mortgage insurance is required, the amount of your payment will increase. The APR is subject to change at any time prior to consummation, and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, loan volume, or other factors. All borrowers are subject to qualification, underwriting approval, lender terms and conditions. Terms, conditions, and rates are subject to change without notice.  

Programs for qualified borrowers. All borrowers are subject to credit approval, underwriting approval, and product requirements, including loan to value, credit score limits, and other lender terms and conditions. Fees and charges may vary by state and are subject to change without notice. Some restrictions may apply. Not a commitment to lend. A loan advisor will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.

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