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An ARM is a great choice for the homebuyer who enjoys a lower interest rate, lower payments, and greater home buying power.
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Adjustable Rate Mortgage

  • Lower initial interest rate than fixed rate mortgages
  • Lower initial monthly mortgage payments than fixed rate mortgages
  • Greater home buying power than fixed rate mortgages

An adjustable rate mortgage (ARM) has an interest rate that changes over the life of the loan based on the performance of a variable index plus a margin. An ARM is a great choice for the homebuyer who enjoys a lower interest rate, lower payments, and greater home buying power.

Coastal offers a variety of adjustable rate mortgage programs:

  • Five-year and seven-year ARMs are available
  • Rates may be based on the one-year Constant Maturity Treasury, the one-year LIBOR, the six-month LIBOR or the one-month LIBOR
  • After the initial period of the loan, rates are subject to regular adjustments based on the value of the index (CMT or LIBOR) plus a margin
  • Adjustable rate mortgages are offered up to $1,000,000
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