ARM Loans in Dallas, TX
Looking for a arm loan near Dallas, TX? Harris Capital Mortgage Group is a licensed mortgage lender serving Dallas and surrounding areas. Get a free estimate — no hard credit check. NMLS# 1918223.
See your payment before you fall in love
Adjust the numbers and your estimate updates instantly. No forms, no commitment, just the math, right now.
- ✓Full PITI breakdown — Principal, Interest, Taxes & Insurance
- ✓FHA, VA, USDA & Conventional loan types
- ✓Complete amortization schedule included
Loan Type
Your estimate is ready
Enter your info to unlock your full PITI breakdown.
ARM Loan Near Dallas, TX
Texas has no state income tax, which can increase your buying power. Property taxes vary significantly by county — your loan officer will factor in local rates when building your estimate.
Harris Capital Mortgage Group (NMLS# 1918223) is a licensed mortgage lender near Dallas, TX serving buyers throughout the TX market. Whether you're searching for a arm loan near Dallas or anywhere in TX, our loan officers know the local market and will guide you through every step of the process.
Dallas Market Snapshot
Areas within Dallas we commonly serve
Estimates are for informational purposes only and are not a loan approval or commitment to lend. Rates and terms subject to credit approval and change without notice.
Frequently Asked Questions — ARM Loan in Dallas, TX
Is an ARM loan a good idea for buying in Dallas, TX?
An ARM loan can make sense in Dallas if you plan to sell or refinance within 5–7 years, since the initial fixed-rate period typically offers a lower rate than a 30-year fixed. It also works well for buyers expecting significant income growth. However, if you plan to stay long-term, a fixed-rate loan eliminates the payment risk of rate adjustments. HCMG's TX loan officers will model both scenarios with current rates so you can choose confidently.
What happens to my payment when an ARM adjusts in TX?
When your ARM loan's fixed period ends, the rate adjusts annually based on a market index (typically SOFR). ARM loans include caps: a per-adjustment cap (typically 2%), a lifetime cap (typically 5–6%), and an initial adjustment cap (typically 2–5%). At worst case, your rate could rise by the lifetime cap amount. Your HCMG loan officer will show you the worst-case scenario payment for any ARM you consider so there are no surprises.
What ARM loan terms are available in Dallas, TX?
Common ARM structures in Dallas are 5/1, 7/1, and 10/1 ARMs — the first number is the fixed-rate period in years, the second is how often the rate adjusts afterward. A 7/1 ARM in TX gives you a lower rate than a 30-year fixed for 7 full years, then adjusts annually. For buyers who plan to sell within the fixed period, the savings can be substantial on higher-priced Dallas properties.
ARM Loan, Common Questions
What is an ARM loan?
An Adjustable-Rate Mortgage (ARM) has an interest rate that is fixed for an initial period (typically 5, 7, or 10 years), then adjusts annually based on a market index. Common structures are 5/1, 7/1, and 10/1 ARMs.
When does an ARM loan make sense?
ARMs often make sense if you plan to sell or refinance before the fixed period ends, since the initial rate is typically lower than a 30-year fixed. They can also be a fit for buyers expecting income growth.
How much can my ARM rate increase?
ARM loans include rate caps that limit how much your rate can increase at each adjustment and over the life of the loan. Common caps are 2% per adjustment and 5–6% lifetime. Your loan officer will walk you through the specific caps on any ARM you're considering.