5-5 Advantage Program
This versatile loan is our most popular adjustable rate product. It is perfect for customers who are looking for a highly competitive ARM and appreciate the stability of rates being adjusted only once every five years. The 5/5 ARM is often the product of choice and used in conjunction with many of our specialty mortgage loan offerings.
Loan Features
- Available for Non-Warrantable Condo, Rehab Properties, Jumbos, New Construction, Family and Doctor/Resident Loans.
- Only 10% down with no mortgage insurance when combined with a 10% Fixed-Rate Second Mortgage or Line of Credit.
- Rate is fixed for the first 5 years, with a maximum adjustment cap of 3% over 10 years.
Additional Rate Discount
Borrowers may also qualify for an additional 0.25% rate discount when they participate in our Advantage Program by signing up for the following products:
- Home Equity Line of Credit or Second Mortgage
- FFL Checking Account with Direct Deposit
- Auto Pay (may be from account other than FFL)
Account Features
Account Disclosure/Statements
Assistance