Compare Current ARM Rates and Best ARM Lenders Today
Get ARM loan offers and compare rates in just 2 minutes
Current ARM rates
| Loan product | Interest rate | APR |
|---|---|---|
| 30-year 5/1 ARM | 5.98% | 6.57% |
| 30-year 5/1 ARM refinance | 5.91% | 6.15% |
Average rates disclaimer
Best ARM lenders of 2026
Rocket Mortgage
Rocket Mortgage is a good mortgage lender choice for borrowers with lower credit scores or specialty programs. The company provides specialized programs to meet the needs of various homebuyers, including reduced minimum down payments or closing cost credits to qualifying borrowers.
- No ARM prepayment penalties
- Provides a streamlined, 100% online process
- Publishes transparent information on rates and loan requirements
- Website doesn’t provide ARM rates
- No in-person branches
LendingTree experts gave Rocket Mortgage a 5-star rating because it provides all of the information below on its website, easily accessible for potential homebuyers:
- Publishes rates online
- Offers standard mortgage products
- Includes detailed product info online
- Shares resources about mortgage lending
- Provides an online application
Rate (previously Guaranteed Rate)
Rate is a good choice for those who need a home loan fast because it offers a one-day approval program for qualified borrowers. The company also provides a variety of loan options to choose from, such as specialty loans, home improvement and construction loans.
- Many loan options, including specialty loans for physicians or for self-employed borrowers
- Approval in as little as one day
- Physical locations in nearly every state
- Must agree to be contacted to get personalized rates
- Doesn’t offer any special discounts to home loan customers
LendingTree experts gave Rate a 4.5-star rating because it provides all of the information below on its website for potential homebuyers to assess:
- Publishes some rates online
- Offers standard mortgage products
- Includes detailed product info online
- Shares resources about mortgage lending
- Provides an online application
Because Rate only publishes rates for some mortgage products on its website, it received a half-star deduction from its star rating.
Wells Fargo
Wells Fargo is a good choice for borrowers who are current customers of the bank or are minority homebuyers in designated areas. The bank also offers jumbo investment property loans and discounted rates for borrowers with a bank account at Wells Fargo.
- Competitive rates
- Current bank customers may be eligible for rate discounts
- Down payment assistance and closing cost credits available to qualified borrowers
- You must get prequalified to see customized rates
- Branches not available in all states
LendingTree experts gave Wells Fargo a 4.5-star rating because it provides the information below on its website for potential homebuyers to use when deciding on a home loan:
- Publishes rates online
- Offers standard mortgage products
- Includes some detailed product info online
- Shares resources about mortgage lending
- Provides an online application
Because Wells Fargo includes a limited amount of information about its mortgage products on its website, it received a half-star deduction from its star rating.
AmeriSave Mortgage Corporation
AmeriSave Mortgage is a good choice for prospective homebuyers looking to compare loan options. Its offerings include both fixed-rate and ARM loans, as well as home equity loans and HELOCs.
- A wide variety of mortgage products
- No origination fees on some loan types
- Robust digital platform and online support
- Limited rate and fee information on the lender’s website
- Higher loan costs than many competitors
- No brick-and-mortar locations
LendingTree experts gave AmeriSave Mortgage Corporation a 4.5-star rating because it offers the following information on its website for potential homebuyers to use when deciding on a home loan:
- Publishes some rates online
- Offers standard mortgage products
- Includes some detailed product info online
- Shares resources about mortgage lending
- Provides an online application
Because AmeriSave does not publish all mortgage rates on its website, it received a half-star deduction from its star rating.
Fairway Independent Mortgage Corporation
Fairway is a good choice for borrowers who want access to flexible, in-person service. The company’s loan products include ARMs, VA loans, USDA loans and jumbo loans.
- Offers down payment and closing cost grants to qualifying first-time homebuyers in eligible areas
- Brick-and-mortar locations in most states
- Relatively low application denial rates
- Doesn’t publish rates or fees online
- Higher fees than some competitors
LendingTree experts gave Fairway Independent Mortgage a 4-star rating because it offers the following information on its website for potential homebuyers to use when deciding on a home loan:
- Offers standard mortgage products
- Includes some detailed product info online
- Shares resources about mortgage lending
- Provides an online application
Because Fairway does not publish any rates information on its website, it received a 1-star deduction from its star rating.
To determine our top adjustable-rate mortgage lenders, we reviewed data collected from more than 30 lender reviews completed by the LendingTree editorial staff. To appear on our list, lenders had to be licensed to lend in most states, offer multiple ARM loan products and earn a star rating of 3 or higher on LendingTree’s mortgage rating system.
ARM rates vs. other mortgage rates
Read more about whether rates are predicted to rise in our mortgage interest rates forecast.
How to get the best ARM rates
1. Get your finances in shape
Improving your finances before applying for an ARM loan can increase your approval odds and help you qualify for a better rate. Focus on reducing your debt, limiting new credit applications and reviewing your credit report for any errors to dispute.
Don’t know your credit score? Get your free score on LendingTree Spring today.
2. Compare ARM types
The ARM type you choose affects your rate. The most common adjustable-rate mortgages include:
- 3/1 ARM: This ARM type has a fixed rate for three years and a rate that would adjust annually for the remaining loan term.
- 5/1 ARM: This ARM type has a fixed rate for five years and a rate that would adjust annually for the remaining loan term.
- 7/1 ARM: This ARM type has a fixed rate for seven years and a rate that would adjust annually for the remaining loan term.
- 10/1 ARM: This ARM type has a fixed rate for 10 years and a rate that would adjust annually for the remaining loan term.
Shorter-term ARMs, such as 5/1 ARMs, typically have lower introductory rates than longer-term ARMs. The tradeoff is that the fixed interest rate period is shorter.
3. Shop around
Comparing a few different ARM lenders can help you find the most competitive rate and terms, since they can vary widely from one financial institution to another.
ARM loan requirements are similar to the minimum mortgage requirements for fixed-rate loans, but with a few significant differences.
- Credit score: Conventional ARM loans usually require a 640 credit score, though lenders can set a higher minimum if they choose. If you need a more accessible credit requirement, FHA loans and VA loans can offer the chance to qualify with a lower score.
- Down payment: You may be able to put zero down with a VA loan, 3.5% with an FHA loan and 5% with a conventional loan. You may need to come up with an even higher down payment — 10% to 15% — if you’re buying a home you won’t live in full time, like a vacation home or investment property.
- DTI ratio: 41% to 45% maximum. As with fixed-rate loans, you can qualify for a VA loan with no more than a 41% debt-to-income (DTI) ratio. FHA ARM loans offer a little more wiggle room, allowing up to a 43% DTI, and conventional ARMs are the most generous with a 50% DTI ratio maximum.
- Proof you can qualify for a range of payment amounts: Some ARM programs require proof that you can qualify for a range of monthly payment amounts, or even the maximum payment amount allowed over the life of the loan — not just the lower payments you’ll see in the initial period. Check with your loan officer to make sure you know the guidelines.
Pros and cons of ARM loans
Pros
- Lower initial monthly mortgage payments
- Lower initial mortgage rate
- Rate caps limit how much your ARM interest rate can adjust
Cons
- Rate increases after a certain time period (depending on the ARM type)
- Monthly payments can become unmanageable
- You may not be financially ready to refinance before the fixed-rate period ends
Should you get an ARM?
When an ARM could be a good idea:
- You can get a significantly lower mortgage rate
- You plan to refinance your home before the rate adjusts
- You plan on selling your home before the fixed-rate period ends
When an ARM may not be a good idea:
- You prefer stable monthly mortgage payments
- You plan to stay in your home long term
- You believe mortgage rates are increasing
Frequently asked questions
Yes, you can refinance an ARM loan. In fact, it’s a common strategy to refinance an ARM loan before the initial lower rate adjusts.
It depends on your specific situation and goals. If you plan to sell your home or refinance before the rate adjustments begin, an ARM can be a good way to save on monthly payments and interest charges. On the other hand, a fixed-rate mortgage may be the better option if you prefer stable, predictable payments.
ARM rates change at set intervals after the initial fixed-rate period ends. For example, the 5/1 ARM has a fixed rate for five years. After five years, the rate adjusts once a year for the remainder of the loan term.