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Adjustable-Rate Mortgage Loans

First South Financial is a full-service mortgage lender that offers several types of mortgage loans to meet your lending needs.

An Adjustable Rate Mortgage Loan, or ARM, is a loan that has a fixed rate for a certain portion of the term. After that, the rate will adjust each year, until the rate cap is reached. 

First South Financial offers several different types of ARMs, and they all can offer you:

  • LTVs as high as 97%
  • Loan limits up to $510,400
  • Fixed-rate periods up to 10 years
  • Terms as long as 30 years

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Mortgage Rates
Effective Date: Saturday, September 18th, 2021
10 Year Fixed Rate 2.375% 2.625%
15 Year Fixed Rate 2.500% 2.750%
20 Year Fixed Rate 3.375% 3.500%
30 Year Fixed Rate 3.500% 3.750%
5/1 ARM 3.750% 4.000%
7/1 ARM 3.750% 4.000%
10/1 ARM 4.250% 4.50%
Physicians 10/1 ARM 4.500% 4.750%

Visit our latest specials page for complete details!

Ask us about our no points, fees or closing costs* option for these loans!


Questions? Give us a call or send us an email and we'll get back with you promptly.

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We also offer many ways to make your mortgage loan payments. Learn more about our loan payment options.

*LTV – Loan to Value. No points, fees, or closing costs option does not apply to existing First South Financial loans. Rates may be different.  Other rates and terms are available. Loans are subject to approval criteria, not all applicants will qualify. Offer is subject to change or withdrawal without notice. First South Financial is an equal housing lender. NMLS # 410640.

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