Question 1

How long is the fixed period on a typical ARM in Mountain View?

Accepted Answer

Most buyers here use 7/1 or 10/1 ARMs. The first number is the fixed-rate years before adjustments begin.

Question 2

What happens when my ARM rate adjusts?

Accepted Answer

The rate ties to an index like SOFR plus a margin. Caps limit how much it can move per adjustment and over the loan's life.

Question 3

Can I refinance before my ARM adjusts?

Accepted Answer

Yes. Many Mountain View buyers refinance or sell before the first adjustment. That's often the whole strategy.

Question 4

Do ARM loans work for jumbo purchases in Mountain View?

Accepted Answer

They're common here. Jumbo ARMs often price sharper than jumbo fixed loans, which matters on $1.5M-plus purchases.

Question 5

What credit score do I need for a Mountain View ARM?

Accepted Answer

Most lenders want at least 620. For jumbo ARMs above $1M, expect lenders to prefer 720 or higher.

Question 6

Is an ARM riskier than a fixed loan?

Accepted Answer

There is rate risk after the fixed period ends. Buyers who plan to sell or refinance within the fixed window carry much less risk.

ARM Loans in Mountain View: Lower Rates, Smarter Strategy