ARM-7 loans - lender with lowest rates now??? (Bay Area)

That’s a huge $!

Please comment any lender recommendations.... That provides best ARM rates now

From what I know, credit unions are your best bet. If this is a new home, check with the inhouse lender. Else, loandepot is also decent.

I’d look at this before pulling the trigger. https://fred.stlouisfed.org/series/SFXRSA This chart’s downward trajectory doesn’t seem like it’s reversing anytime soon. A few questions: Are you really serious about this? Are you comfortable with borrowing that much on your 170 TC? Do you have total understanding of ARMs and all the inherent risks? This is not to demean your intelligence but you should be 100% sure you are committed to doing this in the face of the Fed as well as macro headwinds. RE is in a huge bubble coming out of Covid. It’s HEAVILY inflated. Also, check https://trends.pillr.io/ Type in your desired Zip to see some real data points.

You can't afford a 7-year ARM with your TC, even with a 20% down, unless you have a shitload of cash laying around already

Your tc is too low for a 800k mortgage

These replies are kind of what I’m getting at. Even if OP can find someone to underwrite this, this is loaded with risk.

Where are buying in 1million ?

Bhai, wait for 1 year, you will get more discount on houses, crash hasn’t even begun

3/6 arm - 2.125% .. then 2% every 6m .. refinance penalty before 5y, 0.5% of loan amount. Balloon penalty before 5y 1% of loan amount