Adjustable-Rate

Lower your initial rate and payment with popular ARM terms

Prospera Mortgage offers you loans through top wholesale lenders to match you with competitive pricing, faster turn times, and options that fit first-time and repeat buyers alike.

Why Choose ARM?

Strategy + Savings up front

  • Lower initial rate & payment during the fixed intro period.

  • Higher purchasing power vs. many fixed-rate options at the same moment in time.

  • Pay less interest early: use the savings for principal, upgrades, or other goals.

  • Time-horizon match: ideal if you expect to sell, pay down, or refinance before adjustments matter.

  • Caps apply: rate changes are limited by built-in periodic & lifetime caps (shown in your Loan Estimate).

Document Checklist

Be application-ready

  • Government ID & SSN

  • 30 days of paystubs; last 2 years W-2/1099; tax returns if applicable

  • Recent bank/asset statements

  • Insurance quote (purchase)

  • Current mortgage & insurance (refi)

  • Purchase contract & condo docs (if applicable)

Who’s a Great Fit?

ARMs work best when…

You expect to sell, pay down, or refinance before or soon after the intro period ends.

You want a lower payment now to match near-term cash-flow goals.

Your income is expected to rise, making later adjustments more comfortable.

You prefer to invest the savings from the early years elsewhere.

ARM Programs Available

5/6, 7/6, & 10/6 Conventional

Lower introductory rates on primary homes, second homes, and - in select cases - investment properties (guidelines apply). We’ll compare payment, APR, and breakeven against fixed options.

  • Popular pick for 5-10 year time horizons.

  • Pair with seller -or lender- paid temporary buydowns where eligible.

Select FHA & VA ARM Options

For qualified borrowers, certain FHA and VA ARM terms may be available. Great for buyers who want government-backed flexibility with a lower initial rate.

  • Intro fixed period followed by scheduled adjustments.

  • Eligibility and product availability vary; we’ll confirm at application.

Jumbo & High Balance ARMs

For larger loan amounts, ARMs can deliver meaningful early-payment savings compared to fixed-especially when you plan a sizable principal curtailment or future refinance.

  • High-balance and jumbo tiers subject to investor guidelines.

  • We’ll size terms to your down payment and reserves.

 

VA Loan FAQs

  • The first number is the fixed intro period in years (5, 7, or 10). The second number shows how often it adjusts afterward (every 6 months). Caps limit each change and the lifetime total.

  • Your rate adjusts based on a published index plus a margin, all disclosed in your Loan Estimate and Closing Disclosure. We’ll walk you through it before you lock.

  • In many cases, yes. A buydown (eg. 2-1) can further reduce payments during the early years, subject to product rules and contributions.

  • If you expect to sell, refinance, or significantly curtail principal within the intro period, or you value lower payments now and can manage potential adjustments later.

Prospera Mortgage LLC is an independent mortgage broker. Programs, rates, terms and eligibility are subject to change without notice and may vary based on borrower profile, property type, occupancy, and market conditions. Not a commitment to lend. All loans are subject to underwriting approval. Equal Housing Opportunity.