Adjustable-Rate Mortgage (ARM)

Enjoy a low fixed interest rate for the initial loan term. After the initial loan term, the interest rate will adjust annually.

Affordable monthly payments with a fixed interest rate for the initial loan term.

An Adjustable Rate Mortgage (ARM) is a great way to keep your monthly payments low with a fixed interest rate during the initial loan term.

5/1 Adjustable Rate (ARM)


Fixed interest rate for the first 5 years and then adjusts yearly.

Rate

APR

Points

Cost per $1,000

Term Yr

Purchase Rates as of  

7/1 Adjustable Rate (ARM)


Fixed interest rate for the first 7 years and then adjusts yearly.

Rate

APR

Points

Cost per $1,000

Term Yr

Purchase Rates as of  

10/1 Adjustable Rate (ARM)


Fixed interest rate for the first 10 years and then adjusts yearly.

Rate

APR

Points

Cost per $1,000

Term Yr

Purchase Rates as of  

5/1 Adjustable Rate (ARM)


Fixed interest rate for the first 5 years and then adjusts yearly.

Rate

APR

Points

Cost per $1,000

Term Yr

Refinance Rates as of  

7/1 Adjustable Rate (ARM)


Fixed interest rate for the first 7 years and then adjusts yearly.

Rate

APR

Points

Cost per $1,000

Term Yr

Refinance Rates as of  

10/1 Adjustable Rate (ARM)


Fixed interest rate for the first 10 years and then adjusts yearly.

Rate

APR

Points

Cost per $1,000

Term Yr

Refinance Rates as of  

Shop with confidence,
get pre-approved

As your search for a new home begins, let us help you understand your borrowing options. We offer pre-approval on a variety of loan options.

Is an adjustable rate mortgage right for you?

Blue clipboard with single large red checkmark
Comfortable with a
variable interest rate

Rate adjusts annually after the initial term.

Blue and red house
Time is on your side

You plan to move or refinance in the short term.

Blue calendar and a red analog clock face
Lower initial
monthly payments

An initial rate that is lower than a fixed rate.

Buying your first home?

Know-how turns someday into moving day. Here is some helpful information you need to make informed decisions during the home buying process.

Buying a home is a journey

Download the roadmap and get started. We’ll help you with the essentials – how much you’ll need for a downpayment, the type of mortgages available, and how to bring it all together in an efficient, cost-effective process. And don’t forget – when you’re ready, our mortgage experts are here to help.

General Disclosures

  • Interest rates are subject to change at any time without notice.
  • Due to various federal, state and local requirements, certain products may not be available in all areas.
  • The actual Annual Percentage Rate (APR) and fees available to you may differ from the rates posted based on your credit history, loan amount, property type, product features, and loan to value ratio.
  • Applications subject to credit approval. Down Payments can be as low as 5% with Mortgage Insurance.
  • Payment does not include taxes and insurance. The actual payment amount will be greater.
  • Maximum loan amount may vary by county.

Adjustable Rate Mortgages (ARMS)

  • Adjustable Rate Mortgages are variable rate loans. After the initial fixed-rate period, your interest rate can increase or decrease annually according to the market index which is affected by economic conditions.
  • Your new payment (after the initial fixed period) will be based on the interest rate, loan balance and loan term remaining at the time of adjustment.
  • Interest rate will be determined based upon an Index plus a margin.
  • The index is the one-year London Interbank Offered Rate (LIBOR) in The Wall Street Journal as of 45 days prior to interest rate change date. The margin is 2.25%.
  • Rate assumes maximum LTV of 80%, minimum credit score of 680 and loan amount of $650,000. Higher loan amounts available.
  • Interest-only ARM mortgages can provide very low monthly payments; however, you are not paying off any principal during the interest-only period. After the interest only period, your payment will then include principal and interest and can increase or decrease substantially based on changes in the interest rate.

Mortgage & Home Equity Servicing Fees (PDF)


NMLS ID #464603

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