At Reliance First Capital, we understand that each of our customers has unique financial needs as well as varying short and long term goals. So, in addition to offering a range of Fixed Rate Mortgage programs, we offer a variety of Adjustable Rate Mortgage (ARM) programs.

These hybrid ARM programs can deliver certain benefits including lower initial interest rates which can save you thousands of dollars during the first few years of your loan.
  • FHA 5/1 ARM: This program features the security of an FHA mortgage and a fixed rate for the first five years of the loan. The interest rate then adjusts annually for the remaining 25 years of the loan. The interest rate for the span of the loan can never increase more than 5% above the initial five-year fixed rate (i.e. if your initial interest rate is 3.875%, the rate of your loan will never be higher than 8.875%)
     
  • Conventional 5/1 and 7/1 ARMs: these programs feature an initial five-year or seven-year fixed rate, after which the rate adjusts annually for the remaining 25 or 23 years respectively. The interest rate can never increase more than 5% above the initial five-year fixed rate.
     
  • Jumbo 5/1 and 7/1 ARMs: for customers looking for larger size loans, these Jumbo programs delivery an initial five-year or seven-year fixed rate, after which the rate adjusts annually for the remaining 25 or 23 years respectively. The interest rate can never increase more than 5% above the initial five-year fixed rate.
Call us today to learn more about these Fixed-Period ARM programs and see if one of them is right for you.



An important issue when considering an Adjustable Rate Mortgage (ARM):   As with all of our loan programs, we want to make sure you fully understand all aspects. Selecting an ARM may suit your needs based on certain conditions such as if you expect to sell your home within a short time period. However, because interest rates and payments may increase, you should be prepared financially for a possible increase in rate and payments. If you're considering an ARM because of plans to sell your home within five years, you should also consider the possibility of real estate market changes and how such fluctuations in value may affect your home's sales value.
Begin the Easy Online Process Today!
You can trust your
Reliance First Capital
mortgage analyst because they've been put through rigorous testing and background checks by the Federal Government, State Governments and by our organization. Also, every one of our mortgage analysts are registered with the National Mortgage Licensing System (NMLS).
 
In addition, any information collected by our mortgage analysts are entered into and kept in our secure password-protected proprietary loan origination system, so you can be sure your information is safe.
 
Finally, you can verify our company by visiting:
 
HUD:  click here
 
Company Web Site:
Licenses or Testimonials
 
Reliance First Capital, LLC BBB Business Review

 

 
           
© 2015 Reliance First Capital, LLC.  All rights reserved  NMLS ID 58775 Feedback | Site Index | Licenses | Privacy & Security