Two Step Advantage (15/15 ARM)

Boost your buying power with the Prosperity Two Step Advantage (15/15 ARM).

Features of the Prosperity Two Step Advantage (15/15 ARM) include:

  • Combines the low rate of an ARM with the stability of a fixed rate mortgage.
  • Only 1 interest rate adjustment during the entire life of the loan.  
  • Available on purchases and refinances with loan amounts from $417,001 – $2 million.
  • Eligible for purchase or refinance of a primary residence or second home.
  • Simultaneous home equity line of credit, or HELOC, options may be available

The Prosperity Two Step Advantage loan may be right for you if:

  • You are planning to move again in the next 15 years.
  • You are considering a 15 year loan term but are concerned about the higher payments.
  • You want the lower payment offered by an ARM product but are concerned about the risks associated with an adjustable interest rate.

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Get prequalified for the Two Step Advantage:

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Available on purchases and refinances up to $2 million for 1-2 unit properties. Not available for applications without a property address (pre-purchase). Investment properties are not eligible. The initial rate is fixed for 15 years (180 months). When the rate adjusts, the new rate will become the then-current index (weekly average yield on US Treasury securities adjusted to a constant maturity of 10 years) plus a margin of one percentage (1.000%) point, rounding to the nearest 0.125%. The new rate cannot exceed 6.000% above the initial rate or cannot be lower than the floor rate of 1.000%. Other restrictions may apply.


All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in District of Columbia, Maryland, North Carolina, Pennsylvania, South Carolina, Virginia, and West Virginia. NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/). © 2016 Prosperity Home Mortgage, LLC. All Rights Reserved.