Adjustable-Rate Mortgages

Home Lending > Adjustable-Rate Mortgages

Adjustable rate home loans can potentially save you money and boost your buying power.

Adjustable-Rate Mortgages (ARMs) can get you lower fixed rates and payments for the initial phase of your loan, leading to potential savings. After this initial period, your rate and payment may adjust periodically. ARMs can be a good choice if you want to maximize your buying power or keep payments low in the early years of your loan. Plus, if rates drop, you’ll automatically benefit without the need to refinance. Ask our Salal Home Lending team about our specially designed adjustable-rate loans for Nurses and Physicians.

Rates as low as

X.XX

%
APR^*

Terms for

30 years

with 5-10 year term for fixed rate

Home loans are available for properties located in CA, CO, ID, NV, OR, UT, and WA.

Questions? Contact Us Now.

Rates and APRs are current as of 9:30 a.m. PT on March 8, 2024 and are indications only that are subject to change without notice.

Table scrolls right.

MORTGAGE TERM	INTEREST RATE	POINTS	APR*	EXAMPLE PAYMENT¹
30-YEAR FIXED	6.000%	-0.125	6.130%	$2,398
20-YEAR FIXED	5.500%	-0.125	5.669%	$2,752
15-YEAR FIXED	5.250%	0.125	5.482%	$3,216
10-YEAR FIXED	5.250%	0.125	5.580%	$4,292
7/6mo SOFR ARM	5.625%	0	6.693%	$2,878
5/6mo SOFR ARM	5.625%	0	6.925%	$2,878
Jumbo 7/6mo SOFR ARM	5.625%	0	6.661%	$5,757
Jumbo 5/6mo SOFR ARM	5.625%	0	6.893%	$5,757
Rates posted here are for illustrative purposes only and are not intended to be a commitment. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. APRs assume the purchase of a Single-Family Primary Residence in King County, WA, a credit score of at least 750, with a Combined Loan-to-Value (LTV) of 80% or less. APR will be based on the final loan amount and applicable finance charges. Salal loans are subject to credit approval and other underwriting criteria, not all will qualify. Credit Union eligibility required. Home Loan programs, terms, and conditions are subject to change without notice. * APR = Annual Percentage Rate. Variable APRs may adjust periodically. ¹ Payment examples are based on a Fixed Loan amount of $400,000 plus $5,500 closing costs and a property value of $625,000; an ARM Loan amount of $500,000 plus $5,500 closing costs and a property value of $625,000; and a Jumbo Loan amount of $1,000,000 plus $7,600 closing costs and a property value of $1,250,000. Payments do not include amounts for taxes and insurance, including private mortgage insurance (PMI), which is required for loans over 80% LTV.

Questions? Contact Us Now.

Questions?

We’re here to help.

Let us know the best way to contact you and a Mortgage Advisor will get back to you to answer your questions.