Conventional Adjustable Rate Mortgages (ARM)

Doorway offers an extensive suite of loan products to help meet your financial needs. Our competitive Adjustable-Rate Mortgage products may help you spend less on homeownership during the fixed-rate period, allowing you to initially save more on interest.


ARM Mortgages are Conventional Mortgages that are not backed by any government agency. The down payment and income requirements are normally set by Fannie Mae and Freddie Mac. A Conventional Adjustable-Rate Mortgage is a conventional loan where the initial interest rate will not adjust until a certain time. This period can range from as little as 6 months to as long as 10 years. Throughout the lifetime of the loan, the monthly mortgage amount paid may increase or decrease depending on what Mortgage Index it is tied to. The initial interest rate and initial monthly payments may be lower compared to a Conventional Fixed Rate Mortgage but will change over time. A higher credit score and higher down payments allow borrowers to utilize lower rates and lower monthly payments.


  • Lower initial rate than a fixed-rate mortgage
  • Lower initial monthly payments vs a fixed-rate mortgage
  • Flexibility to refinance after the initial fixed-rate period
  • Interest rate caps place a limit on how much the interest rate can adjust from one adjustment period to the next


  • A minimum credit score of 620
  • A debt-to income-ratio lower than 43%
  • A down payment of at least 3% with Private Mortgage Insurance
  • A down payment of 20% without Private Mortgage Insurance

Recommended Next Step: 
You may still have many questions about this rate option and other mortgage loans. Please take a few minutes to fill out a loan application with Doorway Home Loans. One of our local Home Finance Specialists will be in touch to understand your goal and take you through your eligible mortgage options. 
Apply Now

This site uses cookies to process your loan application and other features. You may elect not to accept cookies which will keep you from submitting a loan application. By your clicked consent/acceptance you acknowledge and allow the use of cookies. By clicking I Accept you acknowledge you have read and understand Doorway Home Loans's Privacy Policy.