How it works
An adjustable-rate mortgage starts with a rate that is fixed for an introductory period. After that period, the rate can change at scheduled intervals. Those changes affect your principal and interest payment.
Who it may suit
Buyers who want to compare an introductory fixed period with longer-term payment uncertainty.
Potential benefits
The introductory period can offer a different payment structure than a fixed-rate loan. Compare the full loan terms, not just the starting payment.
What you’ll typically need
Income, credit, assets and property are reviewed. The loan agreement sets the introductory period and future adjustment schedule.
All programs are subject to lender availability, credit, income, property and eligibility requirements. Information is educational and is not a commitment to lend.
Quick Quote
Tell us about your home and your goals. A Legacy loan officer will help you explore your options.
This is a request for a conversation, not a rate quote, loan application or commitment to lend.
(307) 682-5626Other loan programs
Conventional Loans
Traditional financing with flexible home loan options.
Explore programFHA Loans
Government-insured financing with flexible eligibility.
Explore programFixed Rate Mortgage
A steady rate for the life of your loan.
Explore programGraduated Payment Mortgage
Payments that start lower and increase over time.
Explore programInterest Only Mortgage
Interest-only payments for an introductory period.
Explore programJumbo Loans
Financing beyond conventional conforming limits.
Explore programVA Loans
Home financing for eligible military borrowers.
Explore program