Adjustable Rate Mortgages

A RIVA Mortgage adjustable rate mortgage is perfect for purchasers with short-term mortgage goals. When looking for lower payments, this loan potentially offers low payments in the fixed-rate phase. With rate and payment caps, this helps you avoid drastic uncertainty when it is time for a rate increase.

Benefits of an Adjustable Rate Loan

  • ✓ Starting interest rate is typically lower
  • ✓ Monthly mortgage payments are more affordable during the first years
  • ✓ Mortgage loan can be refinanced

Calculate Your Payment


Adjustable Mortgage Rates

Type Rate
As Low As
As Low As
$200k Ex.
5/5 6.875% 7.550% $1314
5/5 HomeSaver 6.375% 7.467% $1248
10/5 7.125% 7.575% $1347
10/5 HomeSaver

Compare Options:

RIVA Mortgage Options Loan Flexibility Rate Security Lower Down Payment No PMI
Fixed Rate      
Adjustable Rate      
VA Loan
FHA Loan  
Jumbo Loan      
First Time Home Buyer  

RIVA and Langley Federal Credit Union

Buying a house is a big decision and finding the right mortgage company is just as crucial. At RIVA Mortgage, we offer personalized service to the Richmond area. We pride ourselves on being with you every step of the way for this important purchase. We offer personalized service with expert knowledge of the home purchase process.

RIVA Mortgage is powered by Langley Federal Credit Union, which has been working for over 80 years in Virginia to help its members Save, Borrow, and Spend Wisely. With this incredible partnership, we can offer you great rates and loan programs that are uniquely tailored to you. From Fixed Rate, Adjustable Rate to VA Loans we can service any of your mortgage needs.

For additional resources to reference during your home buying journey, please visit: >>

*APR=Annual Percentage Rate. 30-Year Fixed 6.250% (6.532% APR) - up to 60% LTV. The interest rate is current as of January 30, 2024. Offer applies to borrowers with a credit score of 740 or better depending on credit qualifications. The payment on a $200,000, 30-year Fixed-Rate Loan at 6.250% (6.532% APR) is $1231. Property insurance and, if applicable, flood insurance is required. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some restrictions may apply. This rate is applicable for owner-occupied purchase or refinance (no cash out) of a single family dwelling. The stated rate may change or not be available at the time of loan commitment or lock-in.