Adjustable-Rate Mortgage
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Get the Flexibility You Need With an Adjustable-Rate Mortgage

Consider an adjustable-rate mortgage (ARM) for your home loan. You’ll get a low rate on your loan, an adjustment period that suits your needs, and help with any questions you have along the way. We offer ARMs for both regular and jumbo mortgage loans.

Adjustable-rate mortgage (ARM) loan rates

Jumbo adjustable-rate mortgage (ARM) loan rates

Jumbo mortgage rates are for mortgages greater than $424,100.  Learn more about jumbo loans and if it's the right option for you.

ARM loan types

We offer various ARM loan types that fit different homebuyers’ needs and budgets. Learn what each type means below.

About ARMs


If you’re staying in your home for a short period, an adjustable-rate mortgage may be the right solution for you.

With ARM loans, you have set adjustment periods when the interest rate may increase or decrease, depending on current market conditions. Rate caps are put into place when finalizing your ARM loan, so the interest rate cannot increase or decrease by more than the determined percentage.

Once your introductory period ends, your interest rate adjusts, which means your monthly payments may increase. You choose how many years you’ll keep the same interest rate and how often the rate can change at the end of that period. Adjustment period choices are 5/1, 7/1 or 10/1. With a 5/1 mortgage, for example, you'll have the same interest rate for five years and your interest rate can change every year after that.

You can also find a great adjustable-interest rate for jumbo mortgages.


What’s included in closing costs for an ARM loan?

Closing costs may include the following:

Most of the fees described above are finance charges that affect your APR which, in addition to interest, represents the cost of credit to you.

What are points?

Points are pre-paid fees, often (but not always) used to gain a lower interest rate on your mortgage. One point is 1% of your mortgage loan amount. For a $200,000 home, one point would be $2,000. Some points may be tax deductible; consult your tax advisor. Learn more about mortgage points to see if purchasing them is right for you.

How do I get an adjustable-rate mortgage online?

Fill out our online application. Once your application is submitted, a Nationwide Bank Mortgage Specialist will call you to discuss the rest of the steps in the mortgage loan process.  You can also apply by phone by calling 1-877-636-0598, 8 a.m. to 5 p.m. ET, Monday - Friday.

Can I get approved for a mortgage before I have a house?

You can get prequalified for your mortgage. Please note you cannot lock in your rate until you have a house to buy and you pay your application fee.

What do I need to know before buying a house?

The U.S. Department of Housing and Urban Development offers helpful information about buying a home.  You can also talk to one of their housing counselors for free or for a small fee.

Don’t forget that Nationwide can provide you with the insurance you need to protect your property. Request a homeowners insurance quote from Nationwide Insurance today.

For answers to more of your ARM-related questions, visit our ARM rates guide.

Nationwide Bank NMLS #769318. To verify that a mortgage company or individual is authorized to conduct business in your state, visit the NMLS Consumer Access website.

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