fbpx
NMLS #2498240

Conventional Adjustable Rate Loan

Stay ahead of market and align your mortgage to your goal
A good option for homebuyers or investors who plan to change their lives constantly by selling their homes in a short period.
  • Lower Initial Interest Rate
  • Flexibility and Potential Savings
  • Qualify for a larger loan amount

The conventional adjustable rate mortgage is less common than the fixed rate mortgage. Interest rates are locked between 6 months to 10 years and then fluctuate up or down during the loan’s lifespan. The benefits of a conventional adjustable rate are set payments during a fixed period, flexibility, payment and rate caps, and possibly lower payments. The cons of the adjustable rate are payment and interest increases. 

Requirements

  • Minimum of 620 credit score
  • Proof of income (Bank statements and pay stubs), assets, and tax returns 
  • Maximum of 50% Debt-to-Income ratio (DTI)
  • Required down payment: 5%
  • Eligible Property Types: 1 to 4-unit primary residence (including condos), Planned Unit Development (PUDs) and manufactured homes, second homes, and 1 to 4-unit investment properties. 

Loan Disclaimer

Not all applicants will qualify. Please meet with one of our licensed loan officers for more information. Rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Home loan programs are only available in Texas.

Loans are subject to borrower qualifications including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to program guidelines and Sociable Mortgage’s lending policies and are subject to change without notice.

Let us guide you.

Free consultation.

Our Signature Process

Let our expert team handle the complex mortgage process as you envision your dream home. We provide an efficient and enjoyable experience, allowing you to create a lasting home for yourself and your loved ones. Let’s work together to bring your dream to life.

Gather Financial Confidence

We'll guide you through gathering the necessary financial documents to paint a clear picture of your financial strength. From income verification to bank statements, we'll ensure you have everything you need to move forward.

Expert Lender Match

Our team of mortgage experts is here to find the perfect lender for you. We'll carefully match you with a reputable lender who offers competitive rates and exceptional service. Rest easy knowing you're in good hands.

Pre-Qualification Power

Get a head start on your home search by getting pre-qualified. Our pre-qualification process gives you a realistic estimate of your borrowing capacity, empowering you to focus on homes within your budget and seize opportunities with confidence.

Streamlined Application

We'll walk you through each step, ensuring you provide accurate and necessary information. Feel the satisfaction of a smooth and efficient application process.

Seamless Underwriting

Our company has partnered with the best mortgage banks to give our clients a priority underwriting process. The process leverages advanced technology and data analysis, allowing us to provide a more efficient and effective service to our customers.

Property Value Assurance

We'll coordinate a professional appraisal and inspection of your chosen property to guarantee its value and identify any potential concerns for you to have a comprehensive understanding of your investment.

Celebration at Closing

Once your application is approved, it's time to celebrate! Sign the necessary paperwork, pay any fees, and welcome the keys to your new home.

Disclaimer
* Your results will vary and may not be the typical.
** As a result of refinancing, your total finance charges may be higher over the life of the loan.
*** Including closing costs or financing loan fees your total finance charges may be higher over the life of the loan.
**** Reduction in payments may reflect longer loan terms and higher interest charges over the life of the loan.
***** Applicant should not assume that any debt will be eliminated by refinancing since the debts are consolidated into a new loan.

our headquarters

Sociable Mortgage LLC
Company NMLS #2498240

Headquarters

4100 Spring Valley Rd. Suite 903.
Dallas, Texas. TX 75244

Copyright ©2023. All Rights Reserved. Equal Housing Lender. TX NMLS #2498240 – Licensed by the Texas Department of Savings and Mortgage Lending, SML Mortgage Broker Registration. Issued 06/15/2023. FL MBR6524 – Licensed by the Florida Office of Financial Regulation, Mortgage Broker Registration. Issued 07/14/2023. OK MB016008 – Licensed by the Oklahoma Department of Consumer Credit, Mortgage Broker Registration. Issued 08/29/2023. www.nmlsconsumeraccess.org

Our Website

Digital Presence

  • Facebook®
  • Instagram®
  • Twitter®
  • Youtube®
  • TikTok®
  • Linked In®

Our Brand

(469) 437-4773
support@sociablemtg.com

Sociable Mortgage LLC strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider, or specific product site.

All financial products and services are presented without warranty. When evaluating offers, please review the financial Terms and Conditions. If you find discrepancies with the information please contact Sociable Mortgage LLC directly.

For information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.