Where to Get the Best Richmond Mortgage Rates on an ARM

If you are considering buying a house, but conventional fixed rate mortgages don’t impress you, look into an adjustable rate mortgage instead. ARMs function differently than fixed mortgages, and presently, you could locate an exceptionally low interest rate on one.

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

Best Richmond, VA ARM Rates

Whether you opt for a conventional financial institution, a credit union or are thinking about financing online, there are a multitude of options available:

Best Richmond Mortgage Rates: 3/1 ARM

• 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


• Branch Banking & Trust Company: 2.88%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Gateway Bank & Trust Company: 2.88%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Top Mortgage Rates in Richmond: 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


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


• Branch Banking & Trust Company: 2.88%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Gateway Bank & Trust Company: 2.88%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Be sure you confirm these interest rates with the lender before applying. These rates are accurate as of 10/15/11, but could change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Richmond mortgage rate.