CIT Bank offers a variety of ARM options: Jumbo 5/1, 7/1, 10/1 (with interest-only payments available).
- With adjustable-rate loans, after the initial fixed period the interest rate can adjust annually.
- Initial interest-only payment options available for jumbo loan amounts up to an 80% loan-to-value.
- If the loan has an interest-only option, this also converts to a fully amortized payment following the applicable initial interest-only period of the loan.
- Pre-approved letters: We offer fully underwritten credit approvals to help in your new home search.
Our mortgage specialists will help you choose what's right for your unique financial situation.
Call us: 800-217-6629 (Mon-Fri from 9am to 8pm ET)