5/1 ARM
Updated 04/29/2024

An adjustable-rate mortgage (aka ARM) is typically a 30-year home loan with an interest rate that changes often during the term length. You may notice two numbers before some of the common ARM loan types. The first number stands for how long the fixed rate will last for. The second number indicates how often your rate can change per year once the fixed rate period has passed. If you take out a 5/1 ARM, you’ll pay a fixed interest rate for the first 5 years of your loan and then begin paying an adjustable rate for up to 25 years. The adjustable rate may be higher or lower depending on the index rate.

Mortgage Guides

Conventional, VA, FHA, etc. What does it mean?

Local Guides

Explore the best of Middle Tennessee

View Floor Plans and Get Prequalified For A Home Today

Brian/DestinyHomes

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Dalton/Ardent

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Emily/Parkside Form

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Samantha/SmithDouglas

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Brittney/SignatureHomes

First Name(Required)
Last Name(Required)