Question 1

What ARM terms are available in Novato?

Accepted Answer

5/1, 7/1, and 10/1 ARMs are most common. The number before the slash is your fixed-rate period in years.

Question 2

What happens when my ARM adjusts?

Accepted Answer

Your rate resets based on an index plus a margin. Caps limit how much it can move each adjustment period.

Question 3

Do ARMs work for jumbo loans in Marin County?

Accepted Answer

Yes — jumbo ARMs are widely used here. They often price lower than jumbo fixed rates by a meaningful margin.

Question 4

How do lenders qualify me for an ARM?

Accepted Answer

They use the fully adjusted rate, not the start rate. Your income must support the higher payment scenario.

Question 5

Can I refinance out of an ARM before it adjusts?

Accepted Answer

Yes, and many Novato buyers do exactly that. Timing your refi before the first adjustment is a common strategy.

Question 6

Is an ARM risky if rates keep rising?

Accepted Answer

Caps limit your exposure. Know your periodic and lifetime caps before you commit — those are your guardrails.

ARM Loans in Novato, Marin County — Lower Rates, Smarter Strategy