Safe & Smart

  • ARMs can be refinanced at any time with no pre-payment penalty.
  • Limits on rate adjustments after the initial fixed-rate period.
  • A team of mortgage professionals committed to helping you choose the best product.

Perfect fit for those who:

  • Want an initial lower monthly payment than a fixed rate typically offers.
  • Plan to sell, pay off their mortgage or refinance within the initial fixed rate period.
  • Think interest rates will go down in the future.
  • Want to save money with a lower initial rate.
Fixed Rate for
the First 5 Years
Up to 95% 
Lower Initial
Rate and Payment


Rates effective December 20, 2023

Loan Type Term Rate APR* Annual Cap Lifetime Cap
5/1 ARM 30 Year 6.00% 6.93% 2.00% 5.00%
  • Minimum Loan Amount is $20,000
  • Maximum Refinance Loan to Value is 90%
  • Maximum Purchase Money 95% LTV

*Annual Percentage Rate. An Adjustable-Rate Mortgage (ARM) begins with a low fixed rate for the first 5 years (60 months), and then adjusts according to an index, plus a margin, every year thereafter, starting at the end of the 5th year (month 61). At each adjustment period, your new rate will be based on the current index plus a margin, and will not exceed the 2 percent adjustment cap. Your rate will never increase more than 5% from the initial rate.

APR advertised is based off the 30-day average SOFR index, as published by the Federal Reserve Bank of New York, and is current as of September 20, 2023. Rates vary, are subject to change and are based on individual creditworthiness.

5/1 ARM Payment Example: For a 30-year loan of $150,000, you would make 60 payments of $899.76 at 6.93% APR, followed by 300 payments based on the then current rate. Loan payments may increase and do not include taxes and insurance. Equal Housing Lender.

Get Prepared to Buy Your House.

Credit Report

Your credit score is based upon your spending, payment, and credit history. It is represented by a number between 300 to 850. The higher your credit score is, the easier it can be to get approved for your mortgage.

How to get prepared: We recommend you get a free yearly credit report to learn what your credit score is before applying for your mortgage.

Job Stability

We prefer to see a pattern of proven income from employment stability. 

How to get prepared: Try to apply for your home loan when you have been employed at your current job for at least two years. If it's less than that, don't worry as we look at your entire employment history during the mortgage approval process.

Down Payment

The initial money you pay on the total cost of your house is known as your down payment.  At DuGood, you can get up to 95% Conventional financing, which means you must have at least 5% of the sales price as down payment.

How to get prepared: Take time to save your money before buying a home as a larger down payment can help save you thousands of dollars in the long run.

Debt-to-Income Ratio

Your debt-to-income (DTI) ratio is calculated from how much of your total monthly income (before taxes are taken out) goes towards paying off your debt. This helps us to understand what percentage of your income will go towards your home loan.   

Ways To Pay Your Loan


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Meet Our Mortgage Team

Blake Worthey

Blake Worthey

VP of Real Estate Lending
(409) 241-2261

Susan Benoit

Susan Benoit

Mortgage Lending Manager
(409) 726-2115

Sandra Flanigan

Sandra Flanigan

Senior Mortgage Lender
(409) 726-2104

Sandy Ferrell

Sandy Ferrell

Senior Mortgage Lender
(409) 726-2106

Holly Barlow

Holly Clark

Mortgage Servicing Supervisor
(409) 726-2113

Pauline Villarreal

Pauline Villarreal

Mortgage Lending Supervisor
(409) 726-2119

Derek Landry

Derek J. Landry

Chief Lending Officer
(409) 241-2296

Get answers to frequently asked questions