5/1 Adjustable-Rate Mortgage

The hybrid of home loans.

Interest rates adjust, but not for the first five years.

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5/1 Adjustable-Rate Mortgage

This adjustable-rate mortgage offers the benefits of lower initial monthly payments than fixed-rate mortgages for the first 5 years—giving the opportunity to qualify for large loans, lower payments, and short-term savings.

After the first 5 years have elapsed, your rate could swing higher or lower once per each subsequent year, however you may still be able to refinance into a fixed-rate mortgage, should you desire to.


Features you'll love:

  • Enjoy a lower monthy payment than one offered for fixed-rate mortgages for the first 5 years
  • Lower initial interest rate and monthly payment may allow you to qualify for a more expensive home
  • No need to worry about possible rate or payment increases if you plan to move (or refinance) within five years
  • Easy online mortgage application

Mortgage Calculators

Mortgage Information

Learn more about the home buying process. Finding the right home and the right mortgage helps set a solid foundation for successful homeownership. We have the mortgage tools, information, and expertise to help you with the decisions you need to make along the way.

1The APR calculation is based on a 5/1 adjustable rate mortgage in the amount of $240,000 for the purchase of a single-family, primary residence with 80% loan-to-value or 20% down payment, minimum borrower credit score of 740, and estimated finance charges of 2 points and $1,200. The APR is subject to change at any time and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, loan volume, or other factors.


A mortgage expert will review and provide you the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.