Portfolio 7-1 Adjustable Rate Mortgage (ARM) - Conforming

This product is ideal for borrowers with good credit, who plan to sell or refinance their property in less than seven years and meet the Fannie Mae underwriting guidelines. The conforming 7/1 ARM product allows a lower monthly payment where the rate and payment stay the same for the first seven years, then adjust annually.  The loan rate is typically lower than a traditional 30-year-fixed mortgage and held by TruStone Financial.