Adjustable-Rate Services
Adjustable-Rate Mortgages (ARM)
Introduction
Adjustable Rate Mortgage Options in Houston, Texas
An ARM is an Adjustable Rate Mortgage designed to offer lower initial interest rates compared
to traditional fixed-rate home loans. Unlike fixed-rate mortgages, ARM mortgage rates in Texas
can change periodically based on market conditions. A low interest adjustable rate mortgage can
be an excellent option for borrowers planning to move within a few years, expecting future
income growth or looking for more flexible home financing solutions.
At NexCap Lending, we help borrowers secure the right adjustable rate mortgage in Houston
with expert guidance and competitive loan options. Whether you are comparing an ARM vs fixed mortgage in Texas or searching for flexible rate mortgage lenders in Houston, our team is
here to simplify the process.
Our Houston ARM home loan specialists will guide you through adjustable mortgage loan
requirements, current loan programs, and personalized financing options.
We’ll help you clearly understand the differences between loan programs so you can confidently choose the right adjustable home loan in Houston, TX for your financial goals.
Adjustable-Rate Process
The Adjustable-Rate Mortgage
Loan Process
Complete our simple Adjustable Rate Mortgage Qualifier
Receive options based on your unique criteria and scenario
Compare mortgage interest rates and terms
Choose the offer that best fits your needs
Adjustable-Rate Mortgage (ARM)
3/1, 5/1, 5/5, 7/1 and 10/1 ARM options are available
FHA, VA & USDA Loans
Jumbo & Super Jumbo Loans
Conforming Loans
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faq
FAQ’s
We believe informed clients make better choices. Here’s what you need to know before you borrow.
What types of homes can I purchase with conventional financing?
Conventional loans allow you to purchase single family homes, condos, investment properties, townhomes, lofts and 2nd vacation homes
How much can the seller pay towards my closing costs?
Typically the seller can pay 3% of the sales price towards closing. If you put a down payment over 10% they can pay up to 6% towards your closing. This is assuming that your home purchase is for a primary residence. Investment properties are capped at 2% allowable seller paid closing costs.
If my credit score is low, how can I raise it?
Paying your bills on time, reducing your credit balances, and trying to not apply for credit too often are all ways that you can raise your FICO score.
How long does it take to purchase a home?
The normal turn time for a purchase is about 30 days. This 30-day window also assumes you have all your documentation available, provide accurate and verifiable information on your mortgage application and remain diligent in honoring the additional documentation requests that, inevitably, come from underwriting.
Keep in mind that your personal financial situation will probably be closely scrutinized when acquiring a conventional mortgage; this is because loans like these are often riskier for lenders to originate than other types of loans. Due to conventional loans being harder to obtain, they typically aren’t very popular among first-time homebuyers in Houston.
If your credit score is in good shape and you can afford to make the required down payment, then a conventional mortgage might be the right choice for you. If not, consider getting a government-insured mortgage instead.
Adjustable-Rate Loan
Run the Numbers on Your
Adjustable-Rate Mortgages
Curious about your monthly payment with a mortgage? Use our calculator to get a quick estimate based on your loan amount, rate, and term. It’s a simple way to plan ahead and move forward with confidence.
Do I Qualify?
Most homeowners get into adjustable-rate mortgages for the lower initial payment, and then usually refinance the loan when the fixed period ends. At that time, the interest rate becomes variable, or adjustable, and the homeowner may refinance into another adjustable-rate mortgage, a fixed-rate mortgage, or sell the home.
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