If you aren’t going to stay in one location for a long period of time, or if you want a relatively short mortgage term, an Adjustable Rate mortgage might be for you. Enjoy the savings realized by a much lower starting rate (compared to a fixed rate mortgage), while being protected by periodic and lifetime rate caps. Our conversion feature offers the option to convert to a fixed rate during a specified period of time. The escrow requirement for taxes and insurance can be waived with at least 20% down and excellent credit. Down payments start at 10%.