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Best Adjustable-Rate Mortgage Lenders of 2019

Finding the Right Mortgage, Mortgages
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Now that you’ve made the decision to shop for an adjustable-rate mortgage, it’s time to decide which lenders to consider.

NerdWallet has reviewed leading lenders that offer adjustable-rate mortgages and sorted them based on individual loan needs.

These adjustable-rate mortgage lenders are among the best out there. Start your search here.

Best adjustable-rate mortgage online lenders

Get an ARM anywhere, anytime. These lenders are technology leaders and can meet your mortgage needs completely online. 

4.5 NerdWallet rating
  • The first national lender to launch mobile mortgage lending.
  • ARM rates are initially fixed for 5, 7 or 10 years.
  • Life-of-the-loan rate changes are capped at 5% above your initial fixed rate.
  • Rocket Mortgage review
4.5 NerdWallet rating
  • Has 5/1, 7/1 and 10/1 ARM options.
  • Offers an “underwriter reviewed” preapproval letter in as little as 24 hours.
  • Not available in all 50 states.
  • Better.com Mortgage review

Best adjustable-rate mortgage lenders for veterans

If you’ve served in the military, these lenders can help you find an ARM that maximizes your benefit.

4.5 NerdWallet rating
  • Loan officers experienced with VA loan process.
  • Considers alternative credit data, like cell phone payments.
  • Choose between 3/1, 5/1, 7/1 and 10/1 ARM terms.
  • BNC National Bank mortgage review
4.5 NerdWallet rating
  • No lender fee for VA borrowers.
  • Mobile apps for iOS and Android.
  • 3/1, 5/1, 7/1 and 10/1 ARM terms available.
  • NBKC Bank mortgage review

Best adjustable-rate mortgage lenders for borrowers with bad credit

You might be able to buy a home sooner than you think, even after a personal credit crisis. These lenders can guide you through the process.

4.5 NerdWallet rating
  • Uses manual underwriting to evaluate creditworthiness.
  • Offers ARMs for purchase, refinance and cash-out refis.
  • Assists borrowers in finding state-sponsored down payment assistance and grant programs.
  • New American Funding review
4.0 NerdWallet rating
  • Accepts credit scores as low as 580 for FHA and VA loans.
  • Offers a unique 5/5 ARM option.
  • Provides digital tools for a streamlined application process.
  • Caliber Home Loans review

Best adjustable-rate mortgage lenders for first-time home buyers

As a first-time home buyer, there’s a lot to consider. These lenders can help you navigate your adjustable-rate home loan options.

suntrust mortgage
4.0 NerdWallet rating
  • Offers 5/1, 7/1 and 10/1 ARMs.
  • Conventional loan programs for first-time home buyers with down payments as low as 3%.
  • Minimum credit score: 620.
  • SunTrust mortgage review
4.5 NerdWallet rating
  • Offers a full selection of adjustable-rate home loans.
  • Considers alternative credit data such as utility and rent payments for some loan products.
  • Existing bank customers may qualify for mortgage fee discounts.
  • Bank of America mortgage review

Best adjustable-rate mortgage lenders for face-to-face service

Does your ARM require a helping hand? These lenders pride themselves on their face-to-face service, though service footprints can vary by region.

4.0 NerdWallet rating
  • More than 2,200 financial centers, primarily in the Southeast.
  • Offers 3/1, 5/1, 7/1 and 10/1 adjustable-rate mortgages.
  • Construction-to-permanent loans also have adjustable-rate options.
  • BB&T review
4.5 NerdWallet rating
  • Provides FHA, VA and USDA loans.
  • Offers 3/1, 5/1, 7/1 and 10/1 ARMs.
  • Origination fees can range from 1-5%, depending on the product.
  • loanDepot review

Best adjustable-rate mortgage lenders: summary

More from NerdWallet
Is an adjustable-rate mortgage right for you?
Compare mortgage rates
How much home can you afford?

NerdWallet’s selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.