Where to Get the Best Virginia Mortgage Rates on an ARM

If you are interested in purchasing a house, but traditional fixed rate mortgages aren’t for you, try looking at an adjustable rate mortgage instead. ARMs function differently than fixed home loans, and currently, you could obtain an exceptionally competitive interest rate on one.

We’ve showcased the very best Virginia mortgage rates available for adjustable rate mortgages near you. Learn where you can get your hands on a great rate in your state.

Lowest ARM Rates in Virginia

Whether you bank with a traditional financial institution, a credit union or are thinking about financing online, there are a host of options available:

Best Virginia Mortgage Rates: 3/1 ARM

• Navy Federal Credit Union: 2%
• • No Orig. Fees
  • Points: 0.5
  • Caps: 2% per Adjustment Period


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


• First Community Bank: 2.49%
• • Orig. Fees: 1%
  • Points: 0
  • Caps: 2% per Adjustment Period


• 1st Advantage Federal Credit Union: 2.5%
• • Orig. Fees: 0.5%
  • Points: 0
  • Caps: 2% per Adjustment Period


• Select Bank: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Top Mortgage Rates in Virginia: 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


• National Bank of Blacksburg: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• SunTrust Bank: 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

Ensure you verify these rates with the lender before you apply. These rates are accurate as of 10/15/11, but may change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Virginia mortgage rate.