Current Lowest 5/1 ARM Interest Rates in Arkansas

If you’re trying to find a low mortgage rate in Arkansas, but don’t want to drag out the term of your loan over several decades, you may to look into adjustable rate mortgages, or ARMs, instead of a fixed-rate mortgage. The advantage of an ARM is that like a fixed rate mortgage, the first few years of the loan are a fixed, low interest rate. The difference is that after the introductory period, the interest rate adjusts to match a market index.

5/1 ARMs are a common type of adjustable rate mortgage. Below is a list of the lenders in Arkansas with the most competitive offers for this type of loan right now:

Best Arkansas 5/1 ARM Home Loan Rates

Affiliated Financial Group, LLC: 3.187% APR (estimated payment = $1,265)
Quicken Loans: 3.328% APR (estimated payment = $1,285)
ING Direct: 3.403% APR (estimated payment = $1,347)

Please note these rates are accurate as of 4/7/11 based on a loan amount of $300,000 but are subject to change at any time. Please contact the lender directly to verify rates before applying for a loan.