Land Loan rate, is this any good ?

[Jorge Hernandez]

Good Morning BP

I am in contract for a 0.5 acre of land to build my family's forever home in a few years (start build in 3-4 years). my local bank is offering me a 20 year 5 ARM loan at 3.75 % rate. I am curious as to whether this loan rate is good or not. Should I ask for a longer term like 7 or 10 ARM?

Are there any online lender that might be able to help me with that ? I have good income, score of ~750-760

Thank you