Hawaii Adjustable Rate Mortgage (ARM)

Pacific Home Loans offers the following conventional, government, and alternative document Hawaii adjustable rate mortgage programs:

Hawaii Adjustable Rate Mortgage

Conventional Fixed Rate
Fannie Mae
Freddie Mac
Portfolio

Government Fixed Rate
FHA
VA
USDA

Alternative Document
Self-employed Bank Statement Loan

Some of the benefits of an Adjustable Rate Mortgage (ARM)

Initial Fixed rate
Choose the initial rate that best fits with your investment strategy. The PHL
ARM combines the features of fixed rate and adjustable rate loans. It starts off
with a stable interest rate for several years, after which it converts to an ARM,
with the rate being adjusted every year for the remaining life of the loan.

Available Initial Fixed Rate Periods:
3/1 ARM
5/1 ARM
7/1 ARM
10/1 ARM

The initial fixed rate for a PHL ARM can be as much as 2% lower than the rate for a 30-year fixed!

Adjustment periods
Adjustable rate mortgages are often referred to as 3/1, 5/1, and so on. The first
number is the length of the fixed term – usually 1, 3, 5, 7, or 10 years. The
second is the adjustment interval that applies when the fixed term is over. For
example, with a 7/1 ARM, you pay a fixed rate of interest for seven years. At
the end of that 7-year period, the interest rate will adjust annually up or down
according to market conditions.

You should consider an ARM if you:

are planning to be in your home for less than ten years.

want the lowest interest rate possible and are willing to tolerate some risk to
achieve it.

would like the peace of mind that comes with a consistent monthly payment.
for three or more years, with an interest rate that’s only slightly higher than an
annually adjusted ARM

are planning to sell your home or refinance shortly after the fixed term is over.

Get Pre-qualified
Contact Us

Tel: (808) 891-0415
Toll Free: (866) 389-2778
2395 S Kihei Rd #205
Kihei, HI 96753
Hours: M-F 8am to 5pm Hawaii Time

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