Caliber Home Loans Introduces New ARM Offering – NMP Skip to main content

Caliber Home Loans Introduces New ARM Offering

Sep 21, 2017
Caliber Home Loans Inc. has introduced its newest portfolio loan product, Caliber Elite Access

Caliber Home Loans Inc. has announced the introduction of a new 5/5 adjustable-rate mortgage (ARM) product to homebuyers, the Caliber 5-Star ARM. The Caliber 5-Star ARM incorporates a lower initial interest rate–the main reason homeowners choose ARMs–with a longer, five-year period between rate adjustments. Unlike other ARM products with annual rate adjustments, Caliber's 5-Star ARM has only one every five years.
 
Limited rate changes are also built into the Caliber 5-Star ARM. Each five-year adjustment is limited to two percent, but can never increase more than six percent from the initial interest rate. Since rates can also decrease, Caliber 5-Star ARM borrowers may have five years of lower payments.
 
"We are delighted to offer loans for a wider range of buyers, including Millennials and first-time buyers,” said Caliber's Executive Vice President of Retail Lending John Bianchi. “The Caliber 5/5 ARM is a great solution for homebuyers who don't want to commit to a 30-year fixed-rate loan, but want a lower starter rate. We look forward to continuing to address the unique financing needs of homeowners across the country."

 
About the author
Published
Sep 21, 2017
Garg Claims Majority In Better Fight, Board Poised To Honor Vote

Founder says he secured more than 51% of voting power to remove five directors, pending confirmation by a third-party inspector

Oct 01, 2026
Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Sep 29, 2026
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

Sep 23, 2026