Compare Current ARM Mortgage Rates and Best ARM Lenders
Explore five-year ARM rates and alternatives
Current ARM rates
| Loan type | Interest rate |
|---|---|
| 30-year 5/1 ARM purchase | 6.13% |
| 30-year 5/1 ARM refinance | 4.99% |
| 30-year 7/1 ARM purchase | 5.34% |
| VA 30-year 5/1 ARM refinance | 5.75 |
| VA 30-year 5/1 ARM purchase | 4.63% |
Average rates disclaimer
The Best ARM lenders of 2026
Rocket Mortgage
Rocket Mortgage is a good choice for borrowers who want to make a low down payment on a conventional loan or who need a government-backed loan. The company offers a 1%-down program to qualified borrowers, which supplements your 1% with a 2% closing cost credit (up to $7,000). It also offers a wide range of VA and FHA loan products, including 3/1, 5/1, 7/1 and 10/1 ARM options.
- No prepayment penalties
- Provides a streamlined, 100% online process
- Offers VA IRRRLs, which can be ARMs
- Website doesn’t provide ARM rates
- No in-person branches
- Loans are more expensive than average (across all loan types)
LendingTree experts gave Rocket Mortgage a 5-star rating because it provides all of the information below on its website, which is 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
Rate is a good choice for those who need a home loan fast because it offers a one-day approval program for qualified borrowers. Rate offers five-, seven- and 10-year ARM options, so you can save money and enjoy lower payments during that time.
- Many loan options, including specialty loans for physicians or for self-employed borrowers
- Approval in as little as one day, close in as few as ten
- Physical locations in nearly every state
- Doesn’t publish ARM loan rates on its website
- Must agree to be contacted to get personalized rates
- Slightly below-median customer satisfaction according to J.D. Power’s 2025 U.S. Mortgage Origination Satisfaction Study
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 interested in closing-cost and down-payment assistance. The bank offers jumbo investment property loans and discounted rates for borrowers with a bank account at Wells Fargo.
- Offers competitive rates
- Current bank customers may be eligible for rate discounts
- Down payment assistance and closing cost credits available to qualified borrowers
- Only publishes 7/6 ARM rates on its website For other ARM rates, you’ll have to enter some personal information and get a quote
- Branches not available in all states, and mortgage services not available in New York
LendingTree experts gave Wells Fargo a 4-star rating because it provides the information below 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 Wells Fargo includes a limited amount of information about its mortgage products and rates on its website, it received a 1-star deduction from its star rating.
AmeriSave
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 information available, and no published ARM rates
- Higher origination fees than many competitors
- No brick-and-mortar locations
LendingTree experts gave AmeriSave Mortgage Corporation a 5-star rating because it offers the following information on its website for potential homebuyers to use when deciding on a home loan:
- Publishes rates online
- Offers standard mortgage products
- Includes detailed product info online
- Shares resources about mortgage lending
- Provides an online application
Fairway
Fairway is a good choice for borrowers who want access to flexible, in-person service. The company offers ARMs — including conventional, VA and FHA ARM loans — as well as USDA loans, jumbo loans, physician loans and more.
- 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 doesn’t publish any rate information on its website, it received a 1-star deduction from its star rating.
Read more about how we chose our best ARM lenders.
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 has a fixed rate for three years and a rate that would adjust annually for the remaining loan term.
- 5/1 ARM: This ARM has a fixed rate for five years and a rate that would adjust annually for the remaining loan term.
- 5/6 ARM: This ARM has a fixed rate for five years and a rate that would adjust every six months.
- 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-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 requirements
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 rental 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 may 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 during the fixed-rate 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 once the rate begins to adjust
- 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’re seeing a trend of increasing mortgage rates
How LendingTree chose the best ARM lenders
We reviewed more than 40 lenders to determine our picks for the best ARM lenders. LendingTree reviews and fact-checks our top lender picks annually by gathering loan program and requirement details directly from lenders and analyzing data from the Home Mortgage Disclosure Act (HMDA) government database.
We review several key factors: digital application availability and ease of use, product and lending information accessibility, in-person branch footprint and LendingTree’s expert star rating.
LendingTree best lender criteria
To be considered as a potential best lender pick by LendingTree experts, the lender must provide users with an online loan application experience that is relatively easy to follow and complete.
This means the lender must provide a user-friendly website and make their customer service contact information easy to find online.
To qualify for “best lender” consideration by LendingTree experts, the lender must provide users with an online experience that helps borrowers make sense of the mortgage lending process.
This means the lender must provide free online learning materials to help homebuyers understand the lender’s offered products, basic loan qualification requirements and high-level rates information.
Lenders must offer mortgages in at least 35 states across the U.S. to be considered a best lender pick. This allows a wider range of users to potentially choose the lender for their home loan, improving accessibility when customers need to contact the lender or get a rate quote.
For lenders to qualify for consideration as a best lender pick, they must have at least a four-star lender review rating from LendingTree experts. This rating indicates that the lender meets most, if not all, of the five criteria considered when assigning ratings. Here is the LendingTree star rating system for this year:
- Publishes rates online (+1 star)
- Offers standard mortgage products (+1 star)
- Includes detailed product info online (+1 star)
- Shares resources about mortgage lending (+1 star)
- Provides an online application (+1 star)
LendingTree mortgage experts’ process for choosing the best lenders
LendingTree gathers data directly from lenders through their websites, disclosures and, in some cases, direct communication with company representatives. Lenders that clearly present product details and terms are viewed more favorably in our evaluation.
The LendingTree editorial team applies consistent criteria to every lender. We also verify and update information periodically. Lenders cannot pay to influence our ratings. Read LendingTree’s editorial guidelines for more information.
Why trust LendingTree’s methodology?
As the lead editor for all purchase, refinance and home equity content, I rely on my 14+ years of personal finance experience to manage a team of staff writers and contributors who create consumer-friendly guides.
Together, our team aims to make LendingTree a reliable and helpful resource for readers as they navigate the complex mortgage lending process.
