A JUMBO 5/1 ARM is a very popular choice among borrowers applying for a JUMBO loan. Because of the large size of a JUMBO loan, the incentive rate offered by the JUMBO 5/1 ARM program allows for a significant reduction in the required monthly payment. Many borrowers will use this added "cash flow" to invest and/or accelerate paying off other debts such as credit cards or car loans.

A JUMBO 5/1 ARM has an initial fixed rate period of 5 years and adjust annually thereafter. A JUMBO 5/1 ARM interest rate is higher than a JUMBO 3/1 ARM but it offers added security by providing an additional 2 years of initial fixed rate period.

Term: 30 years   Maximum Amount: $1,000,000