Multistate Adjustable Rate Mortgage Rider | USA

This free Adjustable Rate Rider (1 Year Treasury Index - Rate Caps) is used to adjust the interest rate and monthly payments under the mortgage note.

  • Once it's been signed, the Rider will form part of the mortgage, deed of trust or security deed.
  • The borrower agrees that the interest rate may change once in each 12-month period.
  • The new rate will be based on a weekly average yield on US Treasury securities adjusted over a 1-year maturity.
  • The interest rate will not increase or decrease more than the percentage amount stated in the Rider.
  • This Rider is for mortgages on single-family homes.
  • Fannie Mae/Freddie Mac Form 3108 USA Multistate Adjustable Rate Mortgage Rider is a free MS Word document from freddiemac.com.
Document Type: Microsoft Word
Last Updated: 14-December-2024
SKU: 1547
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Attach this PUD Mortgage Rider to mortgages for single family residences that are part of a planned unit development (PUD).

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