Return to Mortgage Solutions

Adjustable Rate Mortgage Loans

Adjustable Rate Mortgage (ARM) loans allow for lower interest rates and payments during a fixed period of time.

Find a Mortgage Consultant

What is it?

Adjustable rate mortgage (ARM) has a 30 or 40-year term with a fixed monthly payment for up to 10 years, after which the payment changes annually based upon current interest rates.

Who is it for?

ARM loans may be good for people who don't plan to live in the home for 30 years, people looking to minimize payments, and those who are comfortable with rate and payment fluctuations.

What are the benefits?

Because the initial fixed-rate and payment on an ARM are typically lower than a traditional fixed-rate mortgage, home buyers are often using this to stretch their home buying dollar.

Loan details

Adjustable-rate mortgages (ARM) have fixed monthly payments for up to 10 years, after which the payment changes annually based upon current interest rates.  Your interest rate and monthly payment may increase or decrease depending on the interest rates at that time.

ARM loans are named depending on the length of time their interest rate and payment is to remain fixed, along with how often that rate may adjust after the fixed period. For example, when you see a “5/1” ARM loan, the five (5) represents the period in years with which the interest rate and payment is to remain fixed. The one (1) represents the annual adjustment after the 5-year term.

Interest-only loans may help by providing options that may allow you to you minimize your monthly payment.

We offer:

  • Jumbo ARMs – 30 & 40-year terms
  • Fixed-rate options of 3, 5, 7, and 10 years
  • Interest-only options available with 30 and 40-year terms
  • Competitive rates for owner-occupied, second home and investment properties
  • Up to 80% loan-to-value
  • Loans to $5 Million
  • For lower-balanced loans, we offer 5/1 ARMs for FHA  and VA

Contact us

Find a Mortgage Consultant

Find a branch

Loans subject to credit and collateral approval. Not all loan programs are available in all states for all loan amounts. Restrictions may apply. Terms and conditions subject to change. Union Bank NMLS ID #539249.

You’re leaving Union Bank

By clicking on the link below, you will leave the Union Bank website and enter a privately owned website created, operated, and maintained by another unaffiliated business. By linking to the website of this private business, Union Bank is not endorsing its products, services, or privacy or security policies. If you accept third-party goods or services advertised at our website, the third party may be able to identify that you have a relationship with us (for example, if the offer was made only through our site).

The information that this private business collects and maintains as a result of your visit to its Web site, and the manner in which it does so, may differ from the information that Union Bank collects and maintains. (Refer to the Privacy & Security section for privacy protections Union Bank provides to its Web site visitors). If you provide the business with information, its use of that inforation will be subject to that business's privacy policy. We recommend you review their information collection policy, or terms and conditions to fully understand what that business collects. We are not responsible for the information collection practices of the other Web sites that you visit and urge you to review their privacy policies before you provide them with any personally identifiable information.

If you wish to continue to the destination link, press Continue.