Update: Total Mortgage is still closing loans during the government shutdown.
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10/1 adjustable rate mortgage

the smart way to finance your for-now home

21 Day Guarantee

We'll close your new purchase in 21 days or less or your first payment is on us*

the perfect loan for

movers and shakers

If you’re buying a starter home or planning to move within the next 10 years, a 10/1 ARM is a great way to grab a low interest rate and start saving up for your next move.

Adjustable rate mortgages (or ARMs) give borrowers a lower fixed interest rate for an initial period of time. After that, the rate resets, adjusting to reflect market conditions for the remaining term of the loan. A 10/1 ARM, for instance, has a 10 year fixed interest rate period, after which the rate adjusts every year.

Happy Couple

10 years of low rates are right around the corner.

benefits

  • A lower initial interest rate
  • Term structure flexibility
  • 10 years of low fixed interest rates before adjustments to market value
  • No closing cost options available
  • Qualifies for our GreenLight Approval Program—get GreenLit and close in 21 days*

requirements

  • A down payment of at least 5%
  • A credit score no lower than 620
  • A debt-to-income ratio under 45% (or 50% for select borrowers)**
  • Requirements may change depending on property use and loan purpose

*Terms and conditions apply.

**Qualified borrowers only.

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