Adjustable-Rate Mortgage (ARM) loans have interest rates that change during the life of the loan. ENB offers ARMs with an initial interest rate that’s fixed for a period of 3, 5, 7, or 10 years. After the fixed-rate period expires, the interest rate adjusts every six months. For example – our 5/6m ARM will have a fixed rate for the first 5 years. It will then adjust every 6 months for the remaining 25 years of the mortgage. This is a great option for borrowers planning to stay in their home less than the fixed-rate period as that rate is typically lower than a fixed-rate mortgage.
- 3/6m, 5/6m, 7/6m or 10/6m options available
- Down payment options as low as 5%
- Local underwriting on select products
Conforming Mortgage Rates
Type
Rate
Term
Points
Monthly Payment / $10,000*
APR1 (based on $200,000, 20% down)
Minimum Down
Time Initial Rate is Fixed
Adjustment After Initial Period
First Adjusted Interest Rate
Max Lifetime Cap
Type: 30 Yr. Fixed Rate
Rate: 5.375%
Term: 30 Yr.
Points: 2.000%
Monthly Payment / $10,000*: $56.00
APR1 (based on $200,000, 20% down): 5.578%
Minimum Down: 5%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 30 Yr. Fixed Rate
Rate: 5.875%
Term: 30 Yr.
Points: 0.500%
Monthly Payment / $10,000*: $59.15
APR1 (based on $200,000, 20% down): 5.942%
Minimum Down: 5%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 15 Yr. Fixed Rate
Rate: 4.625%
Term: 15 Yr.
Points: 2.000%
Monthly Payment / $10,000*: $77.14
APR1 (based on $200,000, 20% down): 4.964%
Minimum Down: 5%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 15 Yr. Fixed Rate
Rate: 5.625%
Term: 15 Yr.
Points: 0.250%
Monthly Payment / $10,000*: $82.37
APR1 (based on $200,000, 20% down): 5.698%
Minimum Down: 5%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 3/6m SOFR ARM**
Rate: 5.000%
Term: 30 Yr.
Points: 1.000%
Monthly Payment / $10,000*: $53.68
APR1 (based on $200,000, 20% down): 4.238%
Minimum Down: 5%
Time Initial Rate is Fixed: 3 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.875%
Max Lifetime Cap: 11.00%
Type: 5/6m SOFR ARM**
Rate: 4.625%
Term: 30 Yr.
Points: 1.000%
Monthly Payment / $10,000*: $51.41
APR1 (based on $200,000, 20% down): 4.250%
Minimum Down: 5%
Time Initial Rate is Fixed: 5 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.875%
Max Lifetime Cap: 9.625%
Type: 7/6m SOFR ARM**
Rate: 4.750%
Term: 30 Yr.
Points: 1.000%
Monthly Payment / $10,000*: $52.16
APR1 (based on $200,000, 20% down): 4.401%
Minimum Down: 5%
Time Initial Rate is Fixed: 7 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.875%
Max Lifetime Cap: 9.750%
Jumbo Mortgage Rates
Type
Rate
Term
Points
Monthly Payment / $10,000*
APR1 (based on $750,000, 20% down)
Minimum Down
Time Initial Rate is Fixed
Adjustment After Initial Period
First Adjusted Interest Rate
Max Lifetime Cap
Type: 30 Yr. Fixed Rate***
Rate: 6.625%
Term: 30 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $64.03
APR1 (based on $750,000, 20% down): 6.641%
Minimum Down: 20%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 15 Yr. Fixed Rate
Rate: 6.125%
Term: 15 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $85.06
APR1 (based on $750,000, 20% down): 6.150%
Minimum Down: 10%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 3/6m SOFR ARM**
Rate: 5.250%
Term: 30 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $55.22
APR1 (based on $750,000, 20% down): 4.206%
Minimum Down: 10%
Time Initial Rate is Fixed: 3 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.875%
Max Lifetime Cap: 11.250%
Type: 5/6m SOFR ARM**
Rate: 4.875%
Term: 30 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $52.92
APR1 (based on $750,000, 20% down): 4.252%
Minimum Down: 10%
Time Initial Rate is Fixed: 5 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.875%
Max Lifetime Cap: 9.875%
Type: 7/6m SOFR ARM**
Rate: 5.000%
Term: 30 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $53.68
APR1 (based on $750,000, 20% down): 4.432%
Minimum Down: 10%
Time Initial Rate is Fixed: 7 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.875%
Max Lifetime Cap: 10.000%