3522 Form – Fill Out and Use This PDF

The 3522 Form, officially the Fixed/Adjustable Rate Note, governs mortgage loans that start at a fixed interest rate and later convert to an adjustable rate based on the one-year Treasury Index. Rate caps in this document limit how much monthly payments can increase during each adjustment period and over the life of the loan. Borrowers should review this form to understand their repayment obligations, payment adjustment schedules, and rights to prepay without penalty.

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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.

Question	Answer
Form Name	3522 Form
Form Length	5 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	1 min 15 sec
Other names	3522 download, 3522 online, ca form 3522 2017, form 3522 california

How to Edit 3522 Form Online for Free

Use these steps to complete the Fixed/Adjustable Rate Note:

Open the 3522 form in the PDF viewer above or download it to your device.
Enter the borrower's full name, property address, and the date the loan was originated.
Record the principal loan amount and the initial fixed interest rate in the rate section of the form.
Confirm the index used for future rate adjustments (typically the one-year Treasury Index) and the lender's margin percentage.
Review the rate cap schedule to understand the maximum allowed increase per adjustment period and the lifetime cap on the interest rate.
Both the borrower and the lender must sign and date the completed form at closing.

Keep a signed copy on file for reference each time a rate adjustment takes effect. If you need a loan agreement or a Fannie Mae 1037 form, browse FormsPal's full collection of mortgage-related PDF forms.