We Fund Lending
NMLS# 1869170
Copyright © . We Fund Lending. All Rights Reserved.
877-909-3386
wefundlending@gmail.com
13023 100th Avenue NE, Kirkland, WA 98034
wefundlending@gmail.com
13023 100th Avenue NE, Kirkland, WA 98034
NAERB, LLC dba
Learn About our Loan Options
ARM Loan
An Adjustable Rate Mortgage (ARM) loan starts with an initial interest rate that adjusts after a period of time set by the terms of your loan.
For the first period of your loan, your interest rate is fixed and does not change. Afterwards, your interest rate changes annually for the length of the loan. The adjusted rates follow the market interest rates at the time of adjustment, with limits on how high or low the interest rate can change.
Qualifications:
Must have credit score of 620 or higher, can make down payment of at least 5%, and have DTI no higher than 50%, although there are exceptions to these rules.
Benefits:
Great for short-term home buyers
You can get a low interest rate initially and sell your home before the adjustment.
Low interest rates in initial period
ARM loans can offer low interest rates during the first period of the loan, allowing you to save thousands of dollars during the initial 1, 3, 5, 7, or 10-year period.
With confidence that your income will increase over time to afford larger payments after adjustment, an ARM loan can allow for the lowest payment possible within the first period of the loan.
For the first period of your loan, your interest rate is fixed and does not change. Afterwards, your interest rate changes annually for the length of the loan. The adjusted rates follow the market interest rates at the time of adjustment, with limits on how high or low the interest rate can change.
Qualifications:
Must have credit score of 620 or higher, can make down payment of at least 5%, and have DTI no higher than 50%, although there are exceptions to these rules.
Benefits:
Great for short-term home buyers
You can get a low interest rate initially and sell your home before the adjustment.
Low interest rates in initial period
ARM loans can offer low interest rates during the first period of the loan, allowing you to save thousands of dollars during the initial 1, 3, 5, 7, or 10-year period.
With confidence that your income will increase over time to afford larger payments after adjustment, an ARM loan can allow for the lowest payment possible within the first period of the loan.
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The content provided is for informational purposes only and should not be interpreted as mortgage, tax, or investment advice. Although the content is deemed to be accurate, it is not guaranteed to have no errors.
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Loan Types
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