Adjustable-Rate Mortgage
Interest Rate
APR
Points
Jumbo 5/1 LIBOR
3.250 %
3.703 %
0.000 %
Jumbo 5/1 LIBOR Interest-Only
3.375 %
3.758 %
0.000 %
Jumbo 7/1 LIBOR
3.375 %
3.690 %
0.000 %
Jumbo 7/1 LIBOR Interest-Only
3.500 %
3.760 %
0.000 %
Jumbo 10/1 LIBOR
3.625 %
3.771 %
0.000 %
Jumbo 10/1 LIBOR Interest-Only
3.750 %
3.846 %
0.000 %
Advertised interest rates and APR assumes excellent credit score.
As of 12/01/2016 02:46:46 PM. Read Disclosures

Fixed-Rate Mortgage

For easy budgeting, a fixed mortgage rate gives you the stability of a predictable monthly payment.

Learn more

Jumbo Loans

Our professionals are dedicated to the art of tailoring a jumbo loan to fit your current and long-term needs.

Learn more

Low Down Payment Program

A conventional loan program designed to help homebuyers who don't have a large down payment.

Learn more
0

Adjustable-Rate Mortgage (ARM) with a Fixed-Period

Need a larger loan amount and flexible terms? Depending on your situation, a jumbo adjustable-rate mortgage with a fixed period may be the right fit. In addition to competitive initial fixed rates, we also offer an interest-only payment option on ARM loans up to an 80% loan-to-value.
Get prequalified


Adjustable-Rate Mortgages at CIT Bank

Purchase rates

As low as% RATE% APR

See rates & apply

Overview

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)

Rates
Other Products
Compare loansGet pre-approved
Selected products ()
Product
APY**
Minimum balances
Available as IRA
Available as Custodial
APY**
Minimum balances
Available as IRA
Available as Custodial