Mortgage ARM Loans

PenFed Offers Adjustable-Rate Mortgages (ARMs) to Suit Your Needs

  • No lender fees1
What is an Adjustable-Rate Mortgage (ARM)?

An Adjustable-Rate Mortgage typically starts with a fixed rate for a set period of time and then adjusts at set intervals. Typically, ARMs come in different options in which the fixed rate is set for three, five, seven or ten years. After this initial fixed period, the rate can adjust in 6 month intervals depending on market conditions.

Mortgage Knowledge Center

What is an Adjustable Rate Mortgage?

What are the Different Types of Mortgages?

How Do I Get an ARM?

You'll need the following to qualify for an ARM loan for all borrowers:

  • Credit score of 620 or higher
  • Down payment (or equity if refinancing)
  • Proof of income - typically 1 - 2 months of paystubs
  • At least 1 year of W2s

Possible additional financial verification like:

  • Self-employment income (2 years of tax returns)
  • Current debts information (auto, alimony, credit card, etc.)

Mortgage Knowledge Center

Five Reasons to Get an Adjustable Rate Mortgage
VA Fixed-Rate vs. VA Adjustable-Rate Mortgage

Free eBooks Download


  • Buying a Home
  • Selling your Home
  • Refinancing Your Home
Disclosures Print Icon Print

1Other fees may apply, such as discount points to buy down your rate.

PenFed PenFed, Inc FREE - On Google Play