Mortgage Calculators
Adjustable Rate Mortgage
Find adjustable rate mortgage options that support your financial needs
If you’re looking to stay in your new home for a short period of time, an adjustable rate mortgage (ARM)* may be a smart choice for your financial situation. The interest rates on ARM loans are typically lower than other mortgage types for the first few months to first few years of the loan, depending on the terms.
At Nationwide Bank®, we want to help you pay less on what you borrow through conventional adjustable rate mortgages designed to suit your specific needs.
With an adjustable rate mortgage, you have set adjustment periods in which the interest rate may increase or decrease, depending on current market conditions. Rate caps are put in place when finalizing your ARM loan, so that the interest rate can never increase or decrease by more than the determined percentage over a pre-disclosed period of time. Once your adjustable rate mortgage loan’s introductory period ends, your interest rate adjusts and monthly payments may increase. It may become more difficult to predict your payment amount, especially if market rates continue to rise.
It’s important to understand the terms of your ARM loan and consider how
to comfortably budget for increases in your monthly payments once your
introductory period is over, so you are at ease with your decision.
Attractive adjustable rate mortgage interest rates to fit your budget
At Nationwide Bank, we offer attractive rates on ARM loans to help reduce your monthly loan payments. Another way we are On Your Side is with the Best Price Guarantee. As a lower-cost mortgage lender, we guarantee an attractive price on your mortgage choice or we’ll pay you $300.
Our process is simple, convenient and safe.
Check out our great ARM rates to see how they work with your budget!
Learn more about ARM loans and other mortgage types
Not sure if an adjustable rate mortgage is right for you and considering a fixed rate mortgage instead? What about a jumbo mortgage if you’re purchasing a more expensive property?
It’s important to understand the different loan options available and find which one best fits your financial situation. Making smarter decisions with your money is easy with the traditional mortgage options available to you through Nationwide Bank.
For additional information or to complete an adjustable mortgage loan application by phone, contact Find answers to your questions about adjustable rate mortgages and other types of mortgage loans:
For additional information or to complete an adjustable mortgage loan application by phone, contact a Nationwide Bank Mortgage Representative at 1-877-636-0598.
Consider an ARM loan if:
- You expect to live in a home for a short period of time respective to the term of your ARM
- You're prepared to handle an increase in payments once the introductory period ends
For detailed information on how ARMs work, review the Consumer Handbook on Adjustable Rate Mortgage which is a joint publication of the Federal Reserve Board and the Office of Thrift Supervision.
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