Adjustable Rate Mortgages
We employ a staff of mortgage specialists who are on hand to answer your questions, and they can work with you to find a mortgage or loan option that leaves you feeling confident and satisfied. Apply online! It's easy!
Mortgage payments per $1,000.00 do not include taxes and insurance. The actual payment obligation will be greater.
|Type||Term||Interest Rate||Points||Annual Percentage|
|Monthly Payment per $1,000|
|3/1 ARM||30 Years||3.250%||0||3.83%*||36 @ $4.35||324 @ $4.74|
|5/1 ARM||30 Years||3.500%||0||3.82%*||60 @ $4.49||300 @ $4.73|
|7/1 ARM||30 Years||3.625%||0||3.82%*||84 @ $4.56||276 @ $4.73|
|10/1 ARM||30 Years||3.875%||0||3.92%*||120 @ $4.70||240 @ $.4.75|
*Annual Percentage Rate based on 20% down payment without private mortgage insurance.
Available for 1 - 4 family, owner occupied residences.
Other payment terms available.
1% Cap per adjustment, 5% Lifetime Cap
Indexed to the Federal Reserve Board listing the weekly average yields on US Treasury Securities adjusted to a constant maturity of one year plus a margin rounded to the nearest .125%. Ask for our current margin.
Annual Percentage Rate is subject to change after consummation.
The APR (Annual Percentage Rate) is based on a formula using the interest rate, the term of the loan, and any initial rate discount/premium period.
Minimum down payment 5% (own funds).
Rates are applicable as of 3/30/2017.
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