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Freddie Mac Adjustable Rate

The Freddie Mac Adjustable-Rate Mortgage (ARM) product is ideal if you wish to take advantage of lower short-term rates with prepayment flexibility. We offer the option of the Freddie Mac Embedded Interest Rate Cap or you may obtain your own cap coverage from a third-party provider. We invite you to contact a Freddie Mac Multifamily Seller/Servicer to learn more about our products and offerings.

Key Benefits

Choice of indices: 1-month or 3-month Freddie Mac Reference Bills® index or a 1-month or 3-month LIBOR index.
Choice of 5-, 7-, or 10-year loan term, with up to 80 percent LTV on loans with terms of 7 years or more.
Interest-only option available.
No cap necessary for loans less than 65% LTV1.
Early spread lock for 60 or 120 days available.
Convertible to a new Freddie Mac Fixed-Rate Mortgage at any time after lockout with streamlined underwriting process.