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Loans & Credit

5/5 Adjustable Rate Mortgage

Open the Door to an Easy, Affordable Home

Not everyone stays in the same home for a long time. If you’re a first-time homebuyer or you have other reasons you might sell or refinance your home in just a few years, CommonWealth One can offer you the flexibility you need with a 5/5 Adjustable Rate Mortgage (ARM)!  

This option makes home ownership easier and more affordable through many advantages:

  • Best rate available for a 5-year term
  • Lower payment than a 30-year fixed-rate mortgage payment
  • No interest rate changes for the first 60 months
  • Rate adjustment once every five years, with a 2% cap at each adjustment and a lifetime cap of 5%

View current 5/5 ARM rates.

Disclosures

  • *APR=Annual Percentage Rate

  • Tim Cline is licensed by the Virginia State Corporation Commission, MLO-479VA, NMLS #192313. John Springer is licensed by the Virginia State Corporation Commission, MLO-7858VA, NMLS #40971. Stella Evans is licensed by the Virginia State Corporation Commission, MLO-4038VA, NMLS #270943. Stella Evans is also licensed in North Carolina with the North Carolina LIC#1-69847. Member Advantage Mortgage LLC is licensed by the Virginia State Corporation Commission, Mortgage Lender License MC-5045, NMLS #1557. 

  • When refinancing your current existing loan, it is possible that your total finance charges may be higher over the life of the loan.  Please check with your mortgage consultant in regards to your personal situation.  Your rate may change or not be available at the time of loan commitment or lock-in.