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Adjustable-Rate Mortgage (ARM)

Picture of a woman smiling and holding a house key for a home she's just moved into as well as a picture of a family of four smiling in a home full of boxes from a move.

Take advantage of a low initial fixed rate. With many options available, customize your mortgage loan to suit your needs.

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What is an Adjustable-Rate Mortgage (ARM)?

An Adjustable-Rate Mortgage (ARM) allows you to take advantage of a below-market fixed rate during the beginning of your mortgage term. After the initial low fixed period, the interest rate becomes adjustable based on a set index and margin. An ARM would benefit you most if you are planning to pay off or refinance your home in five to seven years.

An ARM would be best for you if:

  • You want to keep payments lower during the early years of your loan.
  • You plan to sell or pay off your mortgage within the loan's term.
  • You expect your income to increase significantly in the coming years.
  • You think interest rates may decrease in the future.

Benefits & Features

  • Lower introductory rate1
  • Lower monthly payments
  • Monthly payments may decrease
  • Ability to pay principal down faster
  • Refinance options available
  • Works with Idaho First-Time Homebuyer Savings

Term Options
3/1, 5/1, 7/1, 5/5

Down Payment
As low as 15%

How an ARM Works

With an Adjustable-Rate Mortgage, the interest rate is fixed for a set amount of time. After the fixed period, the interest rate becomes variable, adjusting periodically for the remainder of the loan.

When reading term options, the first number is the number of years the interest rate is set at. The second number is how many years before the rate adjusts again, which occurs throughout the duration of the loan. For example, a 3/1 ARM has a fixed rate for the first 3 years, then an adjustable rate every year after. In the case of a 5/5 ARM, there is a fixed rate for the first 5 years, then an adjustable rate every 5 years after.

Apply for an Adjustable-Rate Mortgage (ARM)

Apply for a mortgage online or visit a CapEd location and ask about our ARM to get started.

Mortgage Loan Officers

We have an experienced and reliable team to assist you every step of the way when purchasing your home. If you're ready to apply for a mortgage, review the resources below and contact our Mortgage team to get started.

Skip MLO list
Jeff Acree

Jeff Acree

NMLS Number 6591
Phone Number: (208) 855-4605
Email Jeff
  Thunderbolt Branch
Apply with Jeff

Carole Meyer

Carole Meyer

NMLS Number 91917
Phone Number: (208) 898-7052
Email Carole
  South Nampa MCC
Apply with Carole

Joe Azevedo

Joe Azevedo

NMLS Number 96874
Phone Number: (208) 855-4688
Email Joe
  Eagle Branch
Apply with Joe

Isabel Bailey

Isabel Bailey

NMLS Number 507120
Phone Number: (208) 884-0150 ext. 7024
Email Isabel
  McMillan Branch
Apply with Isabel

Mike Troester

Mike Troester

NMLS Number 1381739
Phone Number: (208) 855-4680
Email Mike
  Linder MCC
Apply with Mike

Cal Gothberg

Cal Gothberg

NMLS Number 148078
Phone Number: (208) 898-7026
Email Cal
  South Meridian MCC
Apply with Cal

Steve Sengelmann

Steve Sengelmann

NMLS Number 91656
Phone Number: (208) 855-4603
Email Steve
  Thunderbolt Branch
Apply with Steve

Ana Moroshan

Ana Moroshan

NMLS Number 452269
Phone Number: (208) 898-7030
Email Ana
  South Nampa MCC
Apply with Ana


Here are some helpful resources to help you when getting ready to buy your new home.

Purchase a Home Checklist Opens in new tab. Link is a PDF document.

Make sure you have everything you need to purchase your new home with this PDF.

Maximum Mortgage Calculator

This calculator collects important variables & determines your maximum monthly mortgage payment.

Mortgage Payoff Calculator

Estimate how much interest you can save by increasing your mortgage payments.


1 APR may adjust when the fixed rate period is over.

All loans are subject to approval. Rates listed are base rates. Rates, terms, and conditions may change without notice and may vary based on creditworthiness, qualifications, loan amounts, and collateral conditions.