Best 7/1 ARM Home Loan Rates in Arkansas

If you’re looking for a low mortgage rate in Arkansas but don’t want a loan that lasts several decades, you might want to investigate adjustable rate mortgages. These loans feature an introductory fixed rate period with an interest rate that’s often lower than that of a fixed rate mortgage. Then, the rate adjusts to match current market conditions.

7/1 ARMs are quite popular and Arkansas Banking Rates has compiled a list of the best interest rates from lenders in Arkansas for this type of loan. These rates are based on a loan amount of $300,000:

Lowest Arkansas 7/1 ARM Rates

AimLoan.com: 3.300% APR
EverBank:3.323% APR
ING Direct: 3.551% APR
BNC National Bank: 3.542% APR

Please note these rates are accurate as of 4/12/11 but are subject to change at any time without notice. Please contact the lender directly to verify rates before applying for a loan.