Adjustable Mortgage
An Adjustable Rate Mortgage (ARM) starts with an introductory or teaser interest rate that’s often lower than a traditional fixed-rate loan. The introductory rate period can last anywhere between the first 5, 7, or 10 years of the loan. During the initial period, the interest rate and monthly payments don’t change. After the initial period, the rate adjusts periodically based on the index (rate set by market forces) either once a year or every 6 months, depending on the ARM terms.
Benefits of an Adjustable-Rate Mortgage:
- Lower initial rate for the first few years means monthly payment savings
- Could offer lower interest rates than fixed-rate loans
- Rate adjustments have caps to keep them from going too high
- The interest rate and monthly payment may increase or decrease during the adjustable period. Homebuyers should consider their financial situation carefully and be prepared for potential monthly payment adjustments in the future.
- Good option for buyers who plan to move or refinance before the initial rate period ends
Your interest rate stays fixed for the life of the loan.
Your interest rate changes according to a preset schedule.
Popular with first-time buyers, this loan has a minimum 3.5% down payment and low interest rates.
Loan for eligible veterans and active-duty service members, with no down payment in most cases.
Shopping for a higher-priced property? Lock in a competitive rate and stable monthly payments on your ultimate dream home.
USDA Loans offer no-money-down mortgages for rural and suburban buyers.
- 48% of our LOs hit Scotsman in 2025
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- In-house servicing
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Positively Life Changing
Cornerstone Home Lending has assisted families with more than 500,000 home-financing transactions since our inception in 1988. For over 35 years, we have strategically positioned ourselves for steady, sustainable growth without losing sight of our mission: To make a positive difference in the lives of others.
In October 2022, Cornerstone acquired and merged with The Roscoe State Bank, the oldest bank in Nolan County, Texas with roots dating back to 1906, to create Cornerstone Capital Bank. The institutional banking division offers deposit and lending services to community banks across the country. Through our continued expansion, our mortgage team can now originate loans in 45 states and Washington, D.C. Cornerstone can also provide full-service, in-house loan servicing operations.
Adding banking and loan servicing platforms to our growing residential lending services empowers our loan officers to make a lasting impact in their clients’ and partners’ lives long after closing.