5/5 ARM — Andigo’s exclusive first-time home buyer program
- Only 5% down payment required
- Zero mortgage insurance (saving you hundreds of dollars per month)
- Our 5/5 ARM will allow your down payment to go further than other mortgage programs
- Not a first-time buyer? That’s OK, we’ll let you in on this offer too.
- Available for purchase and refinance
- Competitive rate
- Exclusive to Andigo
** APR=Annual Percentage Rate. Rates shown are effective as of 1/9/2019 and are subject to change without notice. The 5/5 ARM adjusts every 5 years after the initial 5-year fixed rate period for a 30-year term and has an adjustment cap of 2%, with a lifetime adjustment cap of 6% above the initial rate. Your rate will never fall below 2.75% (the floor rate). Monthly mortgage payment for the 5/5 ARM with a $175,000 loan amount and 3.875% interest rate would be $810.45, plus property taxes and insurance. The 5/5 ARM with a 5% down payment is available for loan amounts up to $500,000 for first time homebuyers and condo’s or $1,000,000 on all others transactions. Property must be a primary residence (condo, PUD or single family). Applicants and property must meet Fannie Mae requirements. This offer is available for a limited time and can be discontinued without notice. Other restrictions may apply.