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Refinance with an Adjustable Rate mortgage

Refinance for lower payments for the first years of a loan.

If you’re refinancing and want lower payments than a fixed rate mortgage, consider an Adjustable Rate Mortgage[2].

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Provide preliminary information to start the pre-approval or loan process.

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Discuss your options with a mortgage loan officer.

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We're a Trusted Partner

You can feel confident choosing us as your financial partner for this important milestone in your life.

Whether you want to review your refinancing options or need help after the close, we’re available online, on the phone or face-to-face in your neighborhood branch. 

Facts & Figures

If you’re refinancing a home and want lower payments than a fixed rate mortgage may provide, consider an adjustable rate mortgage, or ARM, from PNC.

With an ARM, you’ll start out with a low rate and after a few years, your rate will reset with a new rate that can be either higher or lower depending on market conditions at the time the adjustment occurs. After the first rate adjustment, your interest rate can change each year until you pay off your mortgage.

  • For homeowners with a good credit history
  • Ideal if you’re expecting an increase in income, or don’t plan to own the home for a long period
  • Select from 7 or 10 year periods during which the interest rate remains unchanged, followed by a 6 month period in which the interest rate may increase or decrease on an annual basis resulting in a change in your monthly payment amount
  • Can be used for both primary and secondary homes, investment properties too.
  • ARM terms may vary based on first mortgage product.

Costs & Fees

Typically these fees range from 3% - 5% of the loan amount.

Adjustable Rate FAQs

Top customer questions about adjustable rate mortgages.

Ready to Apply? Let's Talk

Discuss your preferences, learn more about your refinancing options, and see if you are preliminary pre-approved.


Provide some preliminary information to begin the loan process today!

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With a Loan Officer:

We are available at branches nationwide to discuss your preferences, learn about your loan options, and see if you're preliminary pre-approved.

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Important Legal Disclosures and Information

  1. PNC Mortgage pay by phone transactions are free via our automated phone service or with agent assistance.

  2. For Adjustable Rate Mortgages loans ("ARMs"), rates may increase after settlement.

Refinancing at a longer repayment term may lower your mortgage payment, but may also increase the total interest paid over the life of the loan. Refinancing at a shorter repayment term may increase your mortgage payment, but may lower the total interest paid over the life of the loan. Contact us to discuss the option that best meets your needs

Pre-approvals are subject to property underwriting and appraisal. Borrower must satisfy pre-approval conditions outlined in commitment letter. Loan amount subject to property appraisal.

PNC, PNC HomeHQ, PNC Home Insight, and Home Insight are registered service marks of The PNC Financial Services Group, Inc. ("PNC"). PNC has pending patent applications directed at various features and functions of Home Insight Planner and Home Insight Tracker. All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.

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