Lowest 3/1 ARM Home Loan Rates in Philadelphia, PA

If you’re looking for a low mortgage rate in Philadelphia but don’t want a loan that lasts several decades, you might want to investigate adjustable rate mortgages. These loans feature an introductory fixed rate period with an interest rate that’s often lower than that of a fixed rate mortgage. Then, the rate adjusts to match current market conditions.

3/1 ARMs are just one of many types of adjustable rate mortgages and Philadelphia Banking Rates has compiled a list of the best interest rates from lenders in Albuquerque, NM for this type of loan. These rates are based on a loan amount of $300,000:

Lowest 3/1 ARM Rates in Philadelphia

• GSF Mortgage Corporation: 2.827% APR
• National Mortgage Alliance: 2.931% APR
• AimLoan.com: 3.048% APR
• Mortgage Capital Associates: 3.076% APR
• Roundpoint Mortgage Company: 3.078% APR

Please note these rates are accurate as of 4/13/11 but are subject to change at any time without notice. Contact the lender directly to verify rates before applying for a loan.