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Citi’s offerings and lending guidelines may differ.","content:disclosures:global-floating-disclosure.json","Global Floating Disclosure","disclosures/global-floating-disclosure.json",{"title":103,"subtext":7,"portraitImage":104,"imageAlt":105,"imageWidth":106,"background":107,"borderRadius":108,"maxWidth":109,"paddingTopBottom":110,"paddingLeftRight":110,"gap":110,"variant":111},"Citi is #1 in Customer Satisfaction with Mortgage Origination - ***[J.D. Power 2025 Award](https://www.jdpower.com/business/awards)***","/media/jdpower-trophy.png","J.D. Power 2025 Trophy",48,"var(--brand-default)",0,650,16,"default",{"data":113,"body":115,"excerpt":-1,"toc":168},{"title":7,"description":114},"Key insights:",{"type":116,"children":117},"root",[118,129,149,163],{"type":119,"tag":120,"props":121,"children":122},"element","p",{},[123],{"type":119,"tag":124,"props":125,"children":126},"strong",{},[127],{"type":128,"value":114},"text",{"type":119,"tag":130,"props":131,"children":132},"ul",{},[133,139,144],{"type":119,"tag":134,"props":135,"children":136},"li",{},[137],{"type":128,"value":138},"A 3/6 adjustable-rate mortgage (ARM) has a short period of fixed interest upfront",{"type":119,"tag":134,"props":140,"children":141},{},[142],{"type":128,"value":143},"After the first three years, the interest rate adjusts every six months, but built-in rate caps help limit how much your interest rate and monthly payment can increase",{"type":119,"tag":134,"props":145,"children":146},{},[147],{"type":128,"value":148},"If you’re considering a 3/6 ARM, it’s a good idea to understand the rate structure so you can prepare for adjustments",{"type":119,"tag":120,"props":150,"children":151},{},[152,154,161],{"type":128,"value":153},"When you’re looking for a home loan that’s right for you, you might be weighing ",{"type":119,"tag":155,"props":156,"children":158},"a",{"href":157},"/home-loans/articles/fixed-vs-adjustable-rate/",[159],{"type":128,"value":160},"fixed and adjustable-rate mortgages (ARMs)",{"type":128,"value":162},". But even if you narrow in on an ARM, what type of ARM makes sense for you? And how do those numbers in an ARM’s name translate to the interest you’ll pay?",{"type":119,"tag":120,"props":164,"children":165},{},[166],{"type":128,"value":167},"This guide explains what a 3/6 ARM is, how its interest rate works and when it may be a good fit for you.",{"title":7,"searchDepth":169,"depth":169,"links":170},2,[],{"data":172,"body":174,"excerpt":-1,"toc":202},{"title":7,"description":173},"A 3/6 ARM loan is a type of adjustable-rate mortgage (ARM).",{"type":116,"children":175},[176,189],{"type":119,"tag":120,"props":177,"children":178},{},[179,181,187],{"type":128,"value":180},"A 3/6 ARM loan is a type of",{"type":119,"tag":155,"props":182,"children":184},{"href":183},"/home-loans/adjustable-rate/",[185],{"type":128,"value":186}," adjustable-rate mortgage",{"type":128,"value":188}," (ARM).",{"type":119,"tag":130,"props":190,"children":191},{},[192,197],{"type":119,"tag":134,"props":193,"children":194},{},[195],{"type":128,"value":196},"“3” = the number of years your interest rate stays fixed",{"type":119,"tag":134,"props":198,"children":199},{},[200],{"type":128,"value":201},"“6” = after the first three years, the rate adjusts once every six months",{"title":7,"searchDepth":169,"depth":169,"links":203},[],{"data":205,"body":207,"excerpt":-1,"toc":310},{"title":7,"description":206},"The interest rate on a 3/6 ARM works a little differently depending on where you are in the lifespan of the loan.",{"type":116,"children":208},[209,213,220,225,231,236,259,265,270,303],{"type":119,"tag":120,"props":210,"children":211},{},[212],{"type":128,"value":206},{"type":119,"tag":214,"props":215,"children":217},"h3",{"id":216},"initial-fixed-rate-years-13",[218],{"type":128,"value":219},"Initial fixed rate (years 1–3)",{"type":119,"tag":120,"props":221,"children":222},{},[223],{"type":128,"value":224},"For the first three years, your interest rate stays the same. That usually means your\nprincipal-and-interest payment stays steady too, although your total monthly payment can still shift a little based on things like homeowners insurance premiums and property taxes.",{"type":119,"tag":214,"props":226,"children":228},{"id":227},"adjustment-period-year-3-onward",[229],{"type":128,"value":230},"Adjustment period (year 3 onward)",{"type":119,"tag":120,"props":232,"children":233},{},[234],{"type":128,"value":235},"Once the fixed period ends, your new rate is typically based on the simple index + margin = your (new) rate equation. Here’s what that means:",{"type":119,"tag":130,"props":237,"children":238},{},[239,249],{"type":119,"tag":134,"props":240,"children":241},{},[242,247],{"type":119,"tag":124,"props":243,"children":244},{},[245],{"type":128,"value":246},"Index:",{"type":128,"value":248}," A number that moves with market conditions. Many lenders use benchmarks like the Secured Overnight Financing Rate, or SOFR, to set their index.",{"type":119,"tag":134,"props":250,"children":251},{},[252,257],{"type":119,"tag":124,"props":253,"children":254},{},[255],{"type":128,"value":256},"Margin:",{"type":128,"value":258}," A set number your lender adds that generally doesn’t change after closing.",{"type":119,"tag":214,"props":260,"children":262},{"id":261},"rate-caps",[263],{"type":128,"value":264},"Rate caps",{"type":119,"tag":120,"props":266,"children":267},{},[268],{"type":128,"value":269},"Most ARMs include caps that limit how much your rate can change at key points:",{"type":119,"tag":130,"props":271,"children":272},{},[273,283,293],{"type":119,"tag":134,"props":274,"children":275},{},[276,281],{"type":119,"tag":124,"props":277,"children":278},{},[279],{"type":128,"value":280},"Initial adjustment cap:",{"type":128,"value":282}," Limits the first jump after year 3 (commonly around 2%)",{"type":119,"tag":134,"props":284,"children":285},{},[286,291],{"type":119,"tag":124,"props":287,"children":288},{},[289],{"type":128,"value":290},"Subsequent adjustment cap:",{"type":128,"value":292}," Limits how much the interest rate can increase or decrease at each adjustment after the first (commonly around 2%)",{"type":119,"tag":134,"props":294,"children":295},{},[296,301],{"type":119,"tag":124,"props":297,"children":298},{},[299],{"type":128,"value":300},"Lifetime cap:",{"type":128,"value":302}," Limits total increases over the life of the loan (commonly around 5%)",{"type":119,"tag":304,"props":305,"children":309},"callout",{":body":306,":media":307,"image":7,"title":308},"\"When you see caps written like “2/1/5,” it generally means the rate can rise by up to 2% at the first reset, 1% on later annual resets and 5% total over the life of the loan.\\n\\nTwo lenders might offer the same intro rate but very different caps, so be sure to compare them closely.\"","{\"landscape\":\"/media/article-callout-landscape.png\",\"portrait\":\"/media/article-callout-portrait.jpg\"}","Rate caps cheat sheet",[],{"title":7,"searchDepth":169,"depth":169,"links":311},[312,314,315],{"id":216,"depth":313,"text":219},3,{"id":227,"depth":313,"text":230},{"id":261,"depth":313,"text":264},{"data":317,"body":319,"excerpt":-1,"toc":325},{"title":7,"description":318},"Lenders often price ARMs lower during the fixed period because the borrower takes on the risk that rates could rise later. That might translate to lower payments early on, especially compared to a 30 year fixed-rate mortgage.",{"type":116,"children":320},[321],{"type":119,"tag":120,"props":322,"children":323},{},[324],{"type":128,"value":318},{"title":7,"searchDepth":169,"depth":169,"links":326},[],{"data":328,"body":330,"excerpt":-1,"toc":343},{"title":7,"description":329},"As with any mortgage, there are some pros and cons to consider before you commit to a 3/6 ARM.",{"type":116,"children":331},[332,336],{"type":119,"tag":120,"props":333,"children":334},{},[335],{"type":128,"value":329},{"type":119,"tag":337,"props":338,"children":342},"inline-table",{":headers":339,":rows":340,"table-layout":341},"[{\"value\":\"Pros\"},{\"value\":\"Cons\"}]","[{\"column\":{\"valueOne\":\"Often comes with a lower introductory rate than a fixed-rate loan\",\"valueTwo\":\"Less long-term predictability than a fixed-rate loan\"}},{\"column\":{\"valueOne\":\"Can work well if you expect your income to grow in the next few years\",\"valueTwo\":\"Your monthly payment may increase with market rates\"}},{\"column\":{\"valueOne\":\"Can make sense if you plan to move or refinance before the fixed period ends\",\"valueTwo\":\"There’s no guarantee that interest rates will be more favorable if you refinance later\"}},{\"column\":{\"valueTwo\":\"Gives you a shorter window of payment stability than some longer ARMs\"}}]","basic",[],{"title":7,"searchDepth":169,"depth":169,"links":344},[],{"data":346,"body":348,"excerpt":-1,"toc":372},{"title":7,"description":347},"A 3/6 ARM can be especially appealing if you:",{"type":116,"children":349},[350,354],{"type":119,"tag":120,"props":351,"children":352},{},[353],{"type":128,"value":347},{"type":119,"tag":130,"props":355,"children":356},{},[357,362,367],{"type":119,"tag":134,"props":358,"children":359},{},[360],{"type":128,"value":361},"Plan to move within three years",{"type":119,"tag":134,"props":363,"children":364},{},[365],{"type":128,"value":366},"Expect to refinance before the first adjustment period",{"type":119,"tag":134,"props":368,"children":369},{},[370],{"type":128,"value":371},"Feel confident that your finances can absorb a higher payment later",{"title":7,"searchDepth":169,"depth":169,"links":373},[],{"data":375,"body":377,"excerpt":-1,"toc":389},{"title":7,"description":376},"Let’s take a quick look at how rates work for some common mortgage types:",{"type":116,"children":378},[379,383],{"type":119,"tag":120,"props":380,"children":381},{},[382],{"type":128,"value":376},{"type":119,"tag":384,"props":385,"children":388},"column-table",{":rows":386,"table-type":387},"[{\"column\":{\"firstColumn\":\"Loan type\",\"secondColumn\":\"Fixed-rate period\",\"thirdColumn\":\"Adjustment schedul\",\"fourthColumn\":\"Typical tradeoff\"}},{\"column\":{\"firstColumn\":\"3/6 ARM\",\"secondColumn\":\"3 years\",\"thirdColumn\":\"Adjusts every 6 months\",\"fourthColumn\":\"Often the lowest intro rate; rate risk starts the soonest\"}},{\"column\":{\"firstColumn\":\"5/6 ARM\",\"secondColumn\":\"5 years\",\"thirdColumn\":\"Adjusts every 6 months\",\"fourthColumn\":\"Intro rate is often slightly higher than a 3/6 ARM; rate risk starts later\"}},{\"column\":{\"firstColumn\":\"10/6 ARM\",\"secondColumn\":\"10 years\",\"thirdColumn\":\"Adjusts every 6 months\",\"fourthColumn\":\"More predictability up front; usually higher intro rate than shorter ARMs\"}},{\"column\":{\"firstColumn\":\"30-year fixed\",\"secondColumn\":\"30 years\",\"thirdColumn\":\"Does not adjust\",\"fourthColumn\":\"Maximum stability; usually higher starting rate than ARMs\"}}]","compare",[],{"title":7,"searchDepth":169,"depth":169,"links":390},[],{"data":392,"body":393,"excerpt":-1,"toc":401},{"title":7,"description":7},{"type":116,"children":394},[395],{"type":119,"tag":396,"props":397,"children":400},"faq",{":faqs":398,"headline":399},"[{\"question\":\" Is it a good idea to get a 3/6 ARM?\",\"answer\":\"A 3/6 ARM may be a good fit for you if you’re planning to move or refinance before the first rate adjustment or you know your income will increase enough to cover potentially higher payments. The best idea for you depends on your finances and your short- and long-term plans.\"},{\"question\":\"When does the interest rate change on a 3/6 ARM?\",\"answer\":\"The interest rate on a 3/6 ARM is fixed for the first three years. After that, it can change once every six months.\"},{\"question\":\"How long is a 3/6 ARM?\",\"answer\":\"Typically, a 3/6 ARM has a 30-year loan term, but this may vary based on the lender and your finances.\"}]","3/6 ARM FAQs",[],{"title":7,"searchDepth":169,"depth":169,"links":402},[],{"data":404,"body":405,"toc":411},{"title":7,"description":98},{"type":116,"children":406},[407],{"type":119,"tag":120,"props":408,"children":409},{},[410],{"type":128,"value":98},{"title":7,"searchDepth":169,"depth":169,"links":412},[],{"data":414,"body":416,"toc":422},{"title":7,"description":415},"Citi is #1 in Customer Satisfaction with Mortgage Origination - J.D. 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Power 2025 award information, visit ",{"type":119,"tag":155,"props":435,"children":439},{"href":436,"rel":437},"https://www.jdpower.com/business/awards",[438],"nofollow",[440],{"type":128,"value":441},"jdpower.com/awards",{"type":128,"value":443},".",{"title":7,"searchDepth":169,"depth":169,"links":445},[],{"_path":447,"_dir":96,"_draft":6,"_partial":6,"_locale":7,"slug":111,"content":448,"_id":449,"_type":90,"title":450,"_source":92,"_file":451,"_extension":90},"/disclosures/default","This page provides general information regarding mortgages or home equity lines of credit. Citi's offerings and lending guidelines may be different. This content is for educational purposes. It is not intended to provide legal, investment, tax, or financial advice and is not a substitute for professional advice. For advice about your specific circumstances, you should consult a mortgage professional and refer to the information and disclosures provided to you by the lender you choose regarding its products and services.\n\nTerms, conditions and fees for accounts, programs, products and services are subject to change without notice. This is not a commitment to lend. All loans and offers are subject to standard underwriting guidelines and required conditions. This offer contains information about U.S. domestic financial services provided by Citibank, N.A. and is intended for use domestically in the U.S. Certain restrictions may apply on all programs.","content:disclosures:default.json","Default","disclosures/default.json",{"_path":453,"_dir":96,"_draft":6,"_partial":6,"_locale":7,"content":454,"slug":455,"_id":456,"_type":90,"title":457,"_source":92,"_file":458,"_extension":90},"/disclosures/spanish-language-disclosure","\u003Csup>†\u003C/sup>Please be advised that verbal and written communication from Citi may be in English as we may not be able to provide servicing related communications in all languages. These communications may include, but are not limited to, account agreements, statements and disclosures, change in terms or fees; or any servicing of your account. If you need assistance in a language other than English, please contact us as we have language services that may be of assistance to you.\n\n\u003Cspan lang=\"es\">Por favor, tenga en cuenta que las comunicaciones verbales y escritas de Citi podrían estar únicamente en inglés, ya que, tal vez, no podamos proporcionar comunicaciones relacionadas con los servicios en todos los idiomas. Estas comunicaciones podrían incluir, entre otras, contratos, divulgaciones y estados de cuenta, cambios en los términos o en los cargos, así como cualquier documento de mantenimiento de su cuenta. Si necesita ayuda en un idioma distinto al inglés, por favor, comuníquese con nosotros, ya que tenemos servicios de idiomas que podrían serle útiles.\u003C/span>","spanish-language-disclosure","content:disclosures:spanish-language-disclosure.json","Spanish Language Disclosure","disclosures/spanish-language-disclosure.json",{"data":460,"body":462,"toc":473},{"title":7,"description":461},"This page provides general information regarding mortgages or home equity lines of credit. Citi's offerings and lending guidelines may be different. This content is for educational purposes. It is not intended to provide legal, investment, tax, or financial advice and is not a substitute for professional advice. For advice about your specific circumstances, you should consult a mortgage professional and refer to the information and disclosures provided to you by the lender you choose regarding its products and services.",{"type":116,"children":463},[464,468],{"type":119,"tag":120,"props":465,"children":466},{},[467],{"type":128,"value":461},{"type":119,"tag":120,"props":469,"children":470},{},[471],{"type":128,"value":472},"Terms, conditions and fees for accounts, programs, products and services are subject to change without notice. This is not a commitment to lend. All loans and offers are subject to standard underwriting guidelines and required conditions. This offer contains information about U.S. domestic financial services provided by Citibank, N.A. and is intended for use domestically in the U.S. Certain restrictions may apply on all programs.",{"title":7,"searchDepth":169,"depth":169,"links":474},[],{"data":476,"body":478,"toc":501},{"title":7,"description":477},"†Please be advised that verbal and written communication from Citi may be in English as we may not be able to provide servicing related communications in all languages. These communications may include, but are not limited to, account agreements, statements and disclosures, change in terms or fees; or any servicing of your account. If you need assistance in a language other than English, please contact us as we have language services that may be of assistance to you.",{"type":116,"children":479},[480,491],{"type":119,"tag":120,"props":481,"children":482},{},[483,489],{"type":119,"tag":484,"props":485,"children":486},"sup",{},[487],{"type":128,"value":488},"†",{"type":128,"value":490},"Please be advised that verbal and written communication from Citi may be in English as we may not be able to provide servicing related communications in all languages. These communications may include, but are not limited to, account agreements, statements and disclosures, change in terms or fees; or any servicing of your account. If you need assistance in a language other than English, please contact us as we have language services that may be of assistance to you.",{"type":119,"tag":120,"props":492,"children":493},{},[494],{"type":119,"tag":495,"props":496,"children":498},"span",{"lang":497},"es",[499],{"type":128,"value":500},"Por favor, tenga en cuenta que las comunicaciones verbales y escritas de Citi podrían estar únicamente en inglés, ya que, tal vez, no podamos proporcionar comunicaciones relacionadas con los servicios en todos los idiomas. Estas comunicaciones podrían incluir, entre otras, contratos, divulgaciones y estados de cuenta, cambios en los términos o en los cargos, así como cualquier documento de mantenimiento de su cuenta. Si necesita ayuda en un idioma distinto al inglés, por favor, comuníquese con nosotros, ya que tenemos servicios de idiomas que podrían serle útiles.",{"title":7,"searchDepth":169,"depth":169,"links":502},[],{"data":504,"body":506,"excerpt":-1,"toc":517},{"title":7,"description":505},"When you see caps written like “2/1/5,” it generally means the rate can rise by up to 2% at the first reset, 1% on later annual resets and 5% total over the life of the loan.",{"type":116,"children":507},[508,512],{"type":119,"tag":120,"props":509,"children":510},{},[511],{"type":128,"value":505},{"type":119,"tag":120,"props":513,"children":514},{},[515],{"type":128,"value":516},"Two lenders might offer the same intro rate but very different caps, so be sure to compare them closely.",{"title":7,"searchDepth":169,"depth":169,"links":518},[],{"data":520,"body":522,"excerpt":-1,"toc":528},{"title":7,"description":521},"Often comes with a lower introductory rate than a fixed-rate 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