Adjustable-Rate Mortgages: Find out how your payment can change over time

This booklet helps you understand important loan documents your lender gives you when you apply for an adjustable-rate mortgage (ARM).

Your lender should also give you a copy of this booklet, which will help you:

Understand an ARM versus a fixed-rate mortgage
Understand the risks of different types of ARMs
Decide whether an ARM is the right loan for you

Download the booklet in English | Spanish

Additional ARM-related resources

Understand your Loan Estimate

Use our interactive Loan Estimate to double-check that all the details about your loan are correct. If something looks different from what you expected, ask your lender why.

Explore sample Loan Estimate

Get answers to your adjustable-rate mortgage questions

For an adjustable-rate mortgage (ARM), what are the index and margin, and how do they work?

If I am considering an adjustable-rate mortgage (ARM), what should I look out for in the fine print?

What is the difference between a fixed-rate and adjustable-rate mortgage (ARM) loan?

See all questions about ARMs

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Explore mortgage options when buying a house
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Interest-only mortgage payments and payment-option ARMs?
Learn more about interest-only mortgage payments and payment-option ARMs. Read at FDIC