3522 Form – Fill Out and Use This PDF

3522 Form Details – Fixed/Adjustable Rate Note

The Fixed/Adjustable Rate Note (Form 3522) is a Fannie Mae standard mortgage document used when a loan begins at a fixed interest rate and later adjusts based on a market index. Lenders and borrowers execute this form at closing to establish the legal framework for how the interest rate will change and how monthly payments will be recalculated over the life of the loan.

Key Sections of the 3522 Form

Form 3522 addresses several critical areas of the loan agreement:

• Interest rate caps – Maximum limits on how much the rate can rise per adjustment period and over the full loan term.
• Payment adjustment schedule – Rules for recalculating the monthly payment each time the interest rate changes.
• Prepayment provisions – Confirms the borrower may pay off the balance early without penalty charges.
• Default and notice requirements – Steps the lender must follow before exercising acceleration rights on the loan.

Who Uses the 3522 Form?

Mortgage lenders, loan servicers, and borrowers rely on Form 3522 during hybrid adjustable-rate mortgage (ARM) transactions. This document is required when the loan is sold or guaranteed by Fannie Mae. Both parties should retain a signed copy for the full duration of the loan.

Related Mortgage and Loan Documents

Form 3522 is typically completed alongside other mortgage documents. FormsPal also provides a loan agreement template, a promissory note template, and a mortgage assignment form for borrowers and lenders who need additional paperwork.