For 3-5 Year Assignments at Duty Stations

Consider an Adjustable Rate Mortgage(ARM) with an Interest Only payment. These loans require low or no down payment, and offer a lower interest rate in the first 3-5 years, depending upon the loan product selected. After a 3-5 year term, the interest rate is tied to prime and may increase. By then, most military families will be moving on to the next duty station. ARMs are a great way to maximize your home buying power and minimize your initial investment. Stay within your housing allotment and purchase the space you need for the comfort of you and your family ask a member of the military friendly Breakwater team about ARM products.