Convertible ARM
Last updated 2026-08-01
Fannie Mae
Updated 2026-08-01
A type of adjustable-rate mortgage that includes an option for the borrower to change the mortgage to a fixedrate mortgage in the early years of the mortgage term.
Fannie Mae Glossary of Terms
Fannie Mae · pp. 7–9
FTC
Updated 2026-08-01
An adjustable-rate mortgage (ARM) that allows the borrower to convert the loan to a fixed-rate mortgage under specified conditions.
FTC Real Estate Terms
FTC · pp. 4–5
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