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 6 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 and 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: 5.250%
Term: 30 Yr.
Points: 1.500%
Monthly Payment / $10,000*: $55.22
APR1 (based on $200,000, 20% down): 5.405%
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: 5.625%
Term: 30 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $57.57
APR1 (based on $200,000, 20% down): 5.668%
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: 4.250%
Term: 15 Yr.
Points: 2.000%
Monthly Payment / $10,000*: $75.23
APR1 (based on $200,000, 20% down): 4.585%
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: 5.125%
Term: 15 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $79.73
APR1 (based on $200,000, 20% down): 5.158%
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: 4.375%
Term: 30 Yr.
Points: 1.000%
Monthly Payment / $10,000*: $49.93
APR1 (based on $200,000, 20% down): 3.798%
Minimum Down: 5%
Time Initial Rate is Fixed: 3 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.500%
Max Lifetime Cap: 10.375%
Type: 5/6m SOFR ARM**
Rate: 4.125%
Term: 30 Yr.
Points: 1.000%
Monthly Payment / $10,000*: $48.46
APR1 (based on $200,000, 20% down): 3.823%
Minimum Down: 5%
Time Initial Rate is Fixed: 5 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.500%
Max Lifetime Cap: 9.125%
Type: 7/6m SOFR ARM**
Rate: 4.375%
Term: 30 Yr.
Points: 1.000%
Monthly Payment / $10,000*: $49.93
APR1 (based on $200,000, 20% down): 4.018%
Minimum Down: 5%
Time Initial Rate is Fixed: 7 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.500%
Max Lifetime Cap: 9.375%
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: 5.750%
Term: 30 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $58.36
APR1 (based on $750,000, 20% down): 5.765%
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: 5.250%
Term: 15 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $80.39
APR1 (based on $750,000, 20% down): 5.275%
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: 4.625%
Term: 30 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $51.41
APR1 (based on $750,000, 20% down): 3.767%
Minimum Down: 10%
Time Initial Rate is Fixed: 3 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.500%
Max Lifetime Cap: 10.625%
Type: 5/6m SOFR ARM**
Rate: 4.375%
Term: 30 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $49.93
APR1 (based on $750,000, 20% down): 3.825%
Minimum Down: 10%
Time Initial Rate is Fixed: 5 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.500%
Max Lifetime Cap: 9.375%
Type: 7/6m SOFR ARM**
Rate: 4.625%
Term: 30 Yr.
Points: 0.000%
Monthly Payment / $10,000*: $51.41
APR1 (based on $750,000, 20% down): 4.049%
Minimum Down: 10%
Time Initial Rate is Fixed: 7 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 3.500%
Max Lifetime Cap: 9.625%