Best Rates on Oakland Home Loans: 5/1 ARM

Many people are familiar with fixed rate mortgages and are often drawn to these Oakland home loans first when financing a home purchase. However, though they are pretty reliable and affordable mortgages, they are certainly not the only option out there.

Adjustable rate mortgages are another type of home loan that can offer low interest rates. Of course, it takes research to locate the best rates currently available, but that is what Oakland Banking Rates has done for you. Below is a list of the lenders in Oakland with the best 5/1 ARM Rates:

Lowest 5/1 ARM Oakland Home Loans

First Mortgage Corp: 2.647% APR
AVEX Funding: 2.658% APR
Integrity First Direct Mortgage Lender: 2.681% APR
Nations Choice Mortgage: 2.815% APR
The Money Store: 2.815% APR

Please note these rates are based on a principal loan amount of $300,000 and are accurate as of May 10, 2011. However, rates are subject to change at any time and you may be offered different rate based on your credit. Contact lenders directly to verify rates before applying for a loan.