Florida ARM Loans

Adjustable-rate mortgages with lower initial rates. Fixed for 5, 7, or 10 years, then adjusting annually based on market index.

Key Features

• Lower initial rate than 30-year fixed (0.5-1.0% savings typical)
• Fixed for 5, 7, or 10 years before first adjustment
• Rate caps protect against extreme increases (2/1/5 or 5/1/5)
• Index: SOFR (Secured Overnight Financing Rate) most common
• Available for conforming, jumbo, FHA, and VA
• Can refinance before adjustment period begins

Who Is This For?

• Buyers planning to sell or refinance within 5-10 years
• Buyers who want the lowest possible initial payment
• Florida military families with PCS cycles (3-5 year stays)
• Buyers who expect rates to decrease in the near future

Florida-Specific Considerations

• Florida’s transient population (average homeownership 7 years) suits ARMs
• Military families at FL bases (MacDill, NAS Jacksonville, Eglin, Tyndall)
• Snowbirds buying second homes they may sell in 5-10 years
• Florida real estate investors using ARMs for short-term holds