Adjustable-rate mortgage loans are usually referred to as ARMs. These loans are typically offered with a 30-year term. A 7-year ARM has a fixed rate for the first seven years. Then the rate becomes variable for the remaining 23 years of the loan. In addition to 7-year ARM loans, U.S. Bank also offers 5-year ARM and 10-year ARM options.
Check out current rates for a 7-year ARM.
These rates and APRs are current as of 01/17/2025 and may change at any time. They assume you have a FICO® Score of 740+ and a down payment of at least 25%, that the loan is for a single-family home as your primary residence and that you will purchase up to one mortgage point.
Mortgage points, or discount points, are a form of prepaid interest you can choose to pay up front in exchange for a lower interest rate and monthly payment. One mortgage point is equal to about 1% of your total loan amount, so on a $250,000 loan, one point would cost you about $2,500. Connect with a mortgage loan officer to learn more about mortgage points.
Today’s 7/6 month conforming ARM rates
Learn how these rates and APRs are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.
Today’s 7/1 year jumbo ARM rates
Learn how these rates and APRs are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.