Adjustable Rate Mortgage

We offer a wide variety of adjustable rate mortgages so you can choose the mortgage that's right for you. Adjustable rate mortgages (or ARMs as they are typically known) usually feature a lower rate than fixed rates, so your monthly payment may initially be lower. Plus, our adjustable rate mortgages offer you the safety of periodic and lifetime caps on your interest rates.

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Adjustable Rate Mortgage - PURCHASE/REFINANCE

Rates as of Monday, September 17, 2018

Interest RatePointsAPRPayment per $1,000Apply
Adjustable Rate Mortgage 5/1 (Purchase/Refinance)*
3.750%0.0005.053%$4.63
Adjustable Rate Mortgage 7/1 (Purchase/Refinance)*
4.000%0.0004.960%$4.77
Adjustable Rate Mortgage 10/1 (Purchase/Refinance)*
4.125%0.0004.806%$4.85

*APR=Annual Percentage Rate. Minimum Loan to Value for Purchase is 95% for 1 family owner occupied. Maximum Loan to Value for refinancing is 90%. Maximum Loan to Value for Cash Out Refinancing is 70%. All Loan to Values between 80.01 – 95% will require Private Mortgage Insurance approval. Minimum loan amount is $25,000 - $500,000. Loan amount above $500,001 will receive a .375% added premium to the current rate. All ARM products have a 2% adjustment cap, 5% life cap. Loan amount above $1,000,000 will be considered. Please call for rate 732-342-7600.