Terms: A variety of adjustable rate programs are available.
Term Description: An Adjustable Rate Mortgage (ARM) has an interest rate that is fixed for an initial period (1, 3, 5, 7 or 10 years) and becomes adjustable annually for the remainder of the loan term. For example, a 5/1 ARM would have a fixed interest rate for the first five years and then the rate will adjust annually for the remaining term of the loan.
Loan-to-Value: Loan-to-value refers to the ratio of the mortgage loan's principal to the property's appraised value or its sales price, whichever is lower.
Loan Amount Limits: For maximum amounts, contact your local Regions Mortgage Loan Originator.
In addition, Regions offers government-supported adjustable-rate financing options such as FHA loans, which are backed by the Federal Housing Administration. Please contact your nearest Regions office for terms, loan limits and other details on FHA loans.
Learn more about Interest-Only Mortgage Payments, Mortgage Settlement Statements, and ARM Loans.
For more information please locate a Regions Mortgage Loan Originator or give us a call at 1-877-536-3286.
Loan specific disclosures will be provided upon application.
Subject to Credit Approval