Enjoy Flexibility to Fit Your Future Plans with an Adjustable Rate Mortgage
Seacoast Bank’s adjustable rate mortgages (ARMs) offer flexibility and affordability, which is ideal for first-time buyers or those planning to relocate within a few years.
Our adjustable rate mortgages feature low down payments, lower initial interest rates and hands-on support from local loan specialists. Enjoy fast closings, personalized guidance and local underwriting for a seamless experience.
Interest rate flexibility: ARMs feature variable rates that can adjust over time, potentially leading to lower initial payments compared to the constant rates of fixed rate mortgages.
Initial savings: ARMs often start with lower initial rates, offering short-term savings opportunities, though they come with the risk of future rate increases.
Short-term strategy: ARMs can be ideal for those planning to sell or refinance before the adjustable period begins, providing flexibility for short-term financial planning. Are you just starting your home search? Apply today to ensure you are ready to make an offer when the perfect home comes along.
If you are new to ARMs, visit our Mortgage FAQs for a detailed explanation of Seacoast's process.
Applying for Your Mortgage With Seacoast
Seacoast Bank streamlines the mortgage process to ensure a stress-free experience. Here is what you can expect:
Create Your Account: Set up a secure online portal to manage your mortgage application.
Begin Your Application: Complete the form at your convenience, saving progress as needed.
Track Your Progress: Follow the status of your application and meet deadlines with ease.
Enjoy these standard features with all of our mortgages:
Local Florida Mortgage Experts
With 90+ years of Florida mortgage experience, we know what it takes to get you into the home of your dreams. Connect with our local mortgage specialists online, in-person or over the phone.
Quick Closing
Fast closing means that we’ll get you into your new home as soon as possible.
Accurate Appraisals
A local underwriter means an accurate appraisal to ensure the value of your new home.
Step-By-Step Guidance
Our local experts are happy to provide hands-on guidance throughout the mortgage process.
FAQs
Frequently Asked Questions
Yes, ARMs are ideal for buyers planning to sell or refinance before the fixed rate term ends.
Yes, ARMs come with caps that limit increases during each adjustment period and throughout the loan's lifetime.
Absolutely. Refinancing allows you to lock in a stable rate if market conditions change or your financial plans evolve.
A 5/6 ARM offers five years of fixed rates, while a 7/6 ARM provides seven years. Both adjust semi-annually after the fixed term.
Have Questions? Speak with a Seacoast Bank Mortgage Loan Officer
As your local banking option, we are here to answer any questions you have. Fill out the form below and a Seacoast Bank Mortgage Loan Officer will be in touch soon.
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