Flexible Loans with a Variety of Options

Arvest is a trusted lender for both first-time and repeat homebuyers, offering personalized guidance and a wide range of loan options, including fixed-rate and adjustable-rate conventional mortgages. Our experienced lenders are here to help find the right mortgage for your unique needs.

Conventional mortgage loans are not backed by a government entity (such as the Federal Housing Administration). Requirements for these loans are determined by:

• Down payment amount
• Borrower's credit score
• Amount of the loan
• Borrower's income

Conventional mortgage loans offer flexibility to fit your goals:

• Term can range from 5-30 years
• Up to 97% loan to value with 100% gift down payment feature
• Options for both fixed and adjustable rates

When trying to determine if a fixed or adjustable rate best suits your situation, consider the following:

Fixed-Rate Mortgage

A popular choice for long-term homeowners seeking payment stability.

• Principal and interest payments remain the same over the life of the loan
• Locks in an interest rate, protecting against an increase in rates
• Good choice if staying in your home for an extended time

Adjustable-Rate Mortgage

A flexible option for buyers who expect to move or refinance in a few years.

• Rate/payment remains fixed for the first 3, 5, 7 or 10 years
• After the initial term, rate adjustments occur annually
• Offers a lower initial interest rate
• Can be ideal for borrowers planning to sell or refinance after the initial term