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100% Option ARM

Due to the current market environment, investor guidelines have changed and we may not be able to offer this program at this time; please contact an AAXA Loan Advisor to check program availability and possible alternatives.

The “1-2-3” 100% Option ARM Financing Program – Single Loan
AAXA is pleased to offer no money down Option ARM loan programs to our clients. If you are looking for one of the most flexible mortgage financing programs on the market and do not want to put any money down, then a 100% Option ARM might be right for you. 100 percent Option ARM programs offer four different monthly payment options so that you can decide just how much you want to pay each month. The “1-2-3” Zero Down Option ARM product is a great alternative for those who are good at managing their personal finances and who are looking for a high level of financial flexibility. There are some risks with these programs so we encourage you to speak with one of our loan advisors prior to moving forward. Product terms and conditions are subject to change without notice. Please give us a call at 877-RATE-LOW (877-728-3569) for the most up-to-date program criteria.

“1-2-3” 100 Percent Option ARM Program Highlights:

Single first mortgage product - (not an 80/20 combo) - PMI is required - lender paid MI is also available.
4 payment options every month.
700+ credit scores only.
Ultra-Low start rate.
Reasonable lifetime cap rate.
30 & 40 year terms are available.
Low qualifying rate.
Only two months of reserves (principal, interest, taxes and insurance) required.
1 month – 1 year fixed option.
Option ARM 100% Financing - available as a 1 month – 5 year product with slightly higher start rate.
1 Unit Primary Residences up to $500,000 – 2 Units $460,400

No Money Down Option ARM – Risk & Reward
Option ARM programs are adjustable rate mortgage products and do carry greater interest rate risk than fixed rate, zero down mortgage programs. With these risks, may come some rewards. Zero down Option ARM programs allow a low minimum payment option which may free up additional cash for other investment alternatives or help you buy a more expensive home. The downside is that if you only choose to make the minimum payment each month, you run the risk of negative amortization. It is really a matter of balancing risk and reward. Therefore, we only suggest pursuing the “1-2-3” Option ARM 100% financing program if you have a successful history of personal financial management.

More:
Option ARM information
Pay Option ARM Benefits

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