Adjustable Rate Mortgage

Enjoy lower fixed rates for years, and then your mortgage adjusts.

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Features

Interest rate and monthly payments remain the same for an initial period, then adjust semi-annually
Variety of terms available: 3/6, 5/6, 7/6 or 10/6, with semi annual and lifetime interest rate caps
See today's rates and loan terms and conditions, including payment examples.

Lower initial rates

The rate is usually lower than a fixed rate mortgage.

Your rate is fixed for years

Choose fixed-rate terms that last from 3 to 10 years.

Flexible options for your changing life

Great for those who plan to move within a few years.

Ideal for

Owners who know they will sell in a few years
House flippers or short-term investors
Homeowners who prefer smaller monthly payments

Program

Rate

Points

APR

P&I

7-yr ARM²

2.375%

0.625

2.73%

$3.88 per $1,000 borrowed for First 84 Monthly Payments

Interest rates updated as of 09/17/2021

10-yr ARM²

2.500%

0.625

2.71%

$3.95 per $1,000 borrowed for First 120 Monthly Payment

Interest rates updated as of 09/17/2021

Adjustable Rate Mortgages (ARMs) adjust after the initial fixed rate period and your interest rate can increase or decrease every 6 months according to the current index. Adjustments for the 3, 5, 7, and 10 year Adjustable Rate Mortgages (ARMs) is based on the 30 Day Average of the Secured Overnight Financing Rate as published by the Federal Reserve Bank of New York, plus a margin of 2.75% for owner-occupant, 3.25% for investors.

² Annual Percentage Rate (APR) and monthly principal and interest payments are calculated based on owner-occupancy, 20% down payment, the respective rate, related fees, and associated expenses. The rates and fees quoted are subject to change at any time and are based on a purchase transaction with a 45-day lock period. 30-day and 60-day lock pricing are also available to fit your lending needs. Applicable add-ons apply. Subject to credit approval. Other rates and terms available. Payments do not include amounts for taxes and insurance premiums, if applicable, and actual payment obligation may be greater. Not available through mortgage originator companies. For real properties located in the State of Hawaii and Guam only.

What is the impact of making extra payments on my debt?

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Stacey Nishiki

Mortgage Loan Officer

Makiki Branch

Paulette Suzuki

AVP & Private Banking Loan Officer

First Hawaiian Center

Apply with Paulette

Bernadette Kaneshiro

Senior Mortgage Loan Officer

Makiki Branch

Apply with Bernadette

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FAQs

How do I know which mortgage is right for me?

It’s all about you, your budget, and your life. We have a variety of mortgage types, and we can help you find the one that’s right for you. For a free analysis and recommendation of the best mortgage loan program for you, please call us at 643-HOME (4663) or take a look at our Mortgage Selector Tool. We also have mortgage calculators that can help you determine what is right for you.

How can I find out about refinancing?

Find out about rates and more online or call us to talk about your refinancing options at 808-643-4663.

How can I apply for a new mortgage?

Welcome home! We’re here to help make the process of applying for a mortgage as simple for you as possible.

Contact our customer service line for new or current mortgage customers. We’ll put you in contact with a mortgage specialist who will be able to help make your dreams come true.
Apply in person at the branch most convenient for you

How can I manage and make payments to my Mortgage?

You can easily view your mortgage account information, manage payments and access year-end tax documentation using the mortgage portal in FHB Online & Mobile Banking. If you have not yet enrolled for Online & Mobile Banking, you can sign up here

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