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 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

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