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Interest rates will adjust at the five-year mark, but don’t worry— Cal Coast has your back. We cap your interest rate adjustments to keep your monthly payments predictable and within reach, as your rate adjusts only once every five years.
Term | Rate | APR | Points |
---|---|---|---|
Conforming 5/5 ARM³ | 6.500% | 6.652% | 0.000% |
Jumbo 5/5 ARM⁴ | 6.500% | 6.630% | 0.000% |
Conforming 5/5 ARM Advantage⁵ | 6.750% | 6.755% | 0.000% |
Jumbo 5/5 ARM Advantage⁶ | 6.750% | 6.733% | 0.000% |
A 5/5 ARM loan is an adjustable-rate mortgage that offers a fixed interest rate for the first five years.
At Cal Coast we've gone the extra mile to support members who get a 5/5 ARM loan. Many ARM loans have their interest rates adjusted annually, but with our 5/5 ARM rates are only modified once every 5 years. We've also set a maximum adjustment cap of 2% every 5 years, and 5% over the life of the loan. This member-centric approach can help shield you from unwelcome payment surprises.
You may be able to save money by choosing a 5/5 ARM, as these loans typically offer a lower initial interest rate compared to fixed-rate mortgages. A 5/5 ARM loan may be a good option if you:
With a 5/5 ARM, enjoy peace of mind— and your dream home!
5/5 ARM | 5/5 ARM ADVANTAGE | |
---|---|---|
TERM | 5/5 ARM | 5/5 ARM |
MAXIMUM LOAN AMOUNT | $2,250,000 | $2,250,000 |
MINIMUM DOWN PAYMENT | As low as 5% depending on loan amount1 | As low as 5% depending on loan amount2 |
TRANSACTION TYPE | Purchase or Refinance | Purchase or Refinance |
PROPERTY USE | Owner occupied, 2nd home, Investment | Owner occupied, 2nd home, Investment |
PROPERTY TYPE | Single family, Condo | Single family, Condo |
MORTGAGE INSURANCE | Standard monthly premium | Lender-paid |
LENDER CLOSING COSTS | Seller credit allowed | $2,500 lender credit³, Seller credit allowed |
Our friendly home loan experts are here to help!
(858) 636-3045 Mon-Fri, 9am - 4pm
realestateloanofficer@d220149.com
A personalized preapproval letter shows sellers you’re a serious buyer. See what it takes to get preapproved in as little as 24 hours.
Having the right action plan can make buying a home a lot easier. Check out this helpful article with 8 tips for first-time home buyers.
APR = Annual Percentage Rate
Have a question about your account, applying for a loan or perhaps you're ready to talk refinancing? Whatever your question or need, our Member Service Center is always happily available to walk you through every step of the process with your best interest at heart.
Not a Cal Coast member? Join now or learn more!
ABA/Routing No: 322281578
NMLS ID# 407951