Conventional ARM Loans
A conventional ARM loan which are also known as Adjustable-Rate Mortgages are loans that have a fixed rate for the first 3, 5, 7 or 10 years of the loan then become an adjustable-rate loan for the remainder of the term. These loans follow standard Fannie Mae & Freddie Mac guidelines and are limited to the conforming loan limits for the county that the property is located in. Those interested in Conventional Loans will need to complete a mortgage application, provide required documents, their credit history and their credit score.