Personal Banking

Get the benefits of a lower rate with an Adjustable Rate Mortgage

If you're looking for a lower rate and don’t mind if your payment changes during the life of the loan, an Adjustable Rate Mortgage might be right for you.

Couple meeting with advisorAdjustable rate mortgages feature an interest rate that is lower than fixed rates for a period of time, allowing you to save while maximizing your purchasing power. The rate may then change annually based on a specified index rate.

ARMs are an attractive option if:

  • Expect a significant increase in your income in upcoming years
  • Are not planning to live in your new home for long
  • Expect interest rates to fall, in which case your payments will automatically be lowered, with no need for refinancing and the associated costs

How much will my adjustable rate mortgage payments be?

 

We offer a wide range of ARMs including:

ARM Product Feature
1 year ARM The rate* on this loan may change every year.
3/1 ARM This loan has a fixed rate* for the first 3 years and then may change every year thereafter. This loan is attractive to those borrowers who want a lower rate than the fixed loans offer or who believe that interest rates may drop over the next 3 years.
5/1 ARM This loan has a fixed rate* for the first 5 years and then may change every year thereafter.
7/1 ARM This loan has a fixed rate* for the first 7 years and then may change every year thereafter.
10/1 ARM This loan has a fixed rate* for the first 10 years and then may change every year thereafter.

Today's Rates      Get Started      Request Info

Image of graphs, charts and applications

Get Started with a Mortgage Specialist

Apply online today with our easy to use Online Application.  Find a mortgage specialist to get started.


Apply Online Today

*In these programs, the initial interest rate is fixed for a period of time and then the interest rate may change annually (increase or decrease) in line with movements in the index rate specified in the corresponding note. Generally, interest rate increases result in higher monthly payments.
Customer Solutions Center

(800) 475-2265



Telephone Banking available 24/7 at

(800) 226-5877


Tambien disponible en español. Banca telefónica disponible 24/7/365!