Where to Get the Best Brooklyn Mortgage Rates on an ARM

If you are considering financing a house, but conventional fixed rate mortgages aren’t for you, look into an adjustable rate mortgage instead. ARMs work differently than regular home loans, and today, you could find an exceptionally low interest rate on one.

We’ve compiled the very best Brooklyn mortgage rates available for adjustable rate mortgages nearby. Learn where you can get your hands on a great rate in your city.

Lowest Brooklyn, NY ARM Rates

Whether you prefer a conventional financial institution, a credit union or prefer to bank online, there are a number of options available:

Best Brooklyn Mortgage Rates: 3/1 ARM

• Wells Fargo Bank, National Association: 2.13%
• • Orig. Fees: 1%
  • Points: 0.88
  • Caps: 2% per Adjustment Period


• Proponent Federal Credit Union: 2.5%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Capital One, National Association: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Citibank, National Association: 2.75%
• • No Orig. Fees
  • Points: 0.38
  • Caps: 2% per Adjustment Period


• Kearny Federal Savings Bank: 3%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Top Mortgage Rates in Brooklyn: 5/1 ARM

• Wells Fargo Bank, National Association: 2.25%
• • Orig. Fees: 1%
  • Points: 0.88
  • Caps: 2% per Adjustment Period


• Bank of America, National Association: 2.5%
• • No Orig. Fees
  • Points: 1.13
  • Caps: 2% per Adjustment Period


• Capital One, National Association: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Manufacturers & Traders Trust Company: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• TD Bank, National Association: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Ensure you verify these mortgage rates with the lender before you apply. Interest rates are accurate as of October 15, 2011, but could change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Brooklyn mortgage rate.