Where to Get the Best Long Island City Mortgage Rates on an ARM

If you’re thinking about financing a home, but traditional fixed rate mortgages aren’t for you, consider obtaining an adjustable rate mortgage instead. ARMs function differently than fixed mortgage loans, and presently, you could obtain an exceptionally affordable interest rate on one.

We’ve listed the very best Long Island City mortgage rates available for adjustable rate mortgages near you. Learn where you can get your hands on a great rate in your city.

Best Long Island City, NY ARM Rates

Whether you prefer a traditional financial institution, a credit union or are thinking about financing online, there are a host of options available:

Best Long Island City Mortgage Rates: 3/1 ARM

• Wells Fargo Bank, National Association: 2.13%
• • Orig. Fees: 1%
  • Points: 0.88
  • Caps: 2% per Adjustment Period


• Capital One, National Association: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Citibank, National Association: 2.75%
• • No Orig. Fees
  • Points: 0.38
  • Caps: 2% per Adjustment Period


• Hudson City Savings Bank: 3%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Kearny Federal Savings Bank: 3%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Top Mortgage Rates in Long Island City: 5/1 ARM

• Wells Fargo Bank, National Association: 2.25%
• • Orig. Fees: 1%
  • Points: 0.88
  • Caps: 2% per Adjustment Period


• Bank of America, National Association: 2.5%
• • No Orig. Fees
  • Points: 1.13
  • Caps: 2% per Adjustment Period


• Capital One, National Association: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• TD Bank, National Association: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Manufacturers & Traders Trust Company: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Ensure you confirm these rates with the lender before applying. These rates are accurate as of 10/15/11, but may change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Long Island City mortgage rate.