Where to Get the Best Memphis Mortgage Rates on an ARM

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

We’ve listed the very best Memphis mortgage rates available for adjustable rate mortgages nearby. Find out where you can get your hands on a great rate in your city.

Lowest Memphis, TN ARM Rates

Whether you opt for a conventional financial institution, a credit union or prefer to bank online, there are a multitude of options available:

Best Memphis Mortgage Rates: 3/1 ARM

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


• SunTrust Bank: 3.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• BancorpSouth Bank: 4%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Renasant Bank: 4.69%
• • Orig. Fees: 1%
  • Points: 0
  • Caps: 2% per Adjustment Period

Top Mortgage Rates in Memphis: 5/1 ARM

• Wells Fargo Bank, National Association: 2.25%
• • Orig. Fees: 1%
  • Points: 0.88
  • Caps: 2% per Adjustment Period


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


• Bank of America, National Association: 2.63%
• • No Orig. Fees
  • Points: 1.25
  • Caps: 2% per Adjustment Period


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


• First Tennessee Bank, National Association: 2.96%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Be sure you verify these rates with the lender before applying. Interest rates are accurate as of October 15, 2011, but are subject to change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Memphis mortgage rate.