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?
Explore mortgage resources
Buying a House: Tools and resources for homebuyers
Learn what to expect—and what questions to ask—during the homebuying process. Get started
Your home loan toolkit: A step-by-step guide
Learn how to make better choices along your path to owning a home. Download toolkit
Mortgage key terms
Find definitions for common mortgage terms. See now
Explore mortgage options when buying a house
Decide what kind of loan is most appropriate for you, and learn how to get the best deal. Compare options
Interest-only mortgage payments and payment-option ARMs?
Learn more about interest-only mortgage payments and payment-option ARMs. Read at FDIC