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
Watch a message about the booklet from Director Kathy Kraninger
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.
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?
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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