Adjustable Rate Mortgage
With lower interest rates for the first few years of your adjustable rate mortgage, you’ll be able to enjoy lower monthly payments for the initial period, guaranteed.
With 3/3, 5/1, 5/5 and 7/1 options available, adjustable rate mortgages are perfect for borrowers planning short to medium length stays in their home or those able to benefit from lower payments now while anticipating higher incomes in the future.
- Payment Options
• Automatic Payment System
- Interest Rate
• 3, 5 and 7 year fixed terms available prior to the first adjustment
• Can change annually after the first adjustment
• Rates locked for 60 days from application date
- Loan Amounts
• No minimum loan amount
• Jumbo mortgages available
Up to 90%1
Community Promotional Discount = 95%
- Property Types
Owner-occupied single family residential property.
- Special Features
• Extended commitments available
• Lock & Shop Pre-Approval Program available for 5/1 and 7/1 ARMs2
1. Loan amounts over 80% LTV require mortgage insurance. Property insurance is required. (and flood insurance, if applicable). See rate sheet for current APRs. The information and product selection offered in this brochure is subject to change without notice.
2. Available for 5/1 and 7/1 ARMs conforming and jumbo purchases only. The maximum loan amount is $1,500,000 but there is no minimum loan amount. Subject to underwriting qualification approval.