Payment Change Date
Fannie Mae
Updated 10-31-2026
Payment Change Date
The date on which the payment changes for an ARM; the effective date that a new amount is due from a borrower. It must fall in the month immediately following an interest rate change date (unless an ARM provides for the monthly payment to change more frequently than the interest rate).
Fannie Mae Glossary of Terms
Fannie Mae · p. 36
California Association of Realtors
Updated 10-31-2026
Payment Change Date
The date when a new monthly payment amount takes effect on an adjustable-rate mortgage or a graduated-payment mortgage. Generally, the payment change date occurs in the month immediately after the adjustment date.
California Association of Realtors Glossary
California Association of Realtors · p. 10
FreddieMac
Updated 10-31-2026
Payment Change Date
For ARMs, the Payment Change Date is each date, as established in the Note, on which the monthly payment reflects any Note Rate adjustment. The related ULDD Data Point name is First Rate Change Payment Effective Date.
FreddieMac Glossary
FreddieMac · p. 31
FTC
Updated 10-31-2026
Payment Change Date
The date on which a new monthly payment amount takes effect, for example, on an adjust-able-rate mortgage (ARM) loan.
FTC Real Estate Terms
FTC · p. 13
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