Adjustable rate mortgages

With our ARMs, you’ll be
right at home.

Choose your preferred fixed-rate term – three, five, or seven years. These loans are amortized over 30 years, and there’s NO prepayment penalty.

ARMs are a good mortgage option for individuals looking to purchase a single-family residence, condominium, or townhome. When opting for an ARM,* you should always consider your time horizon to ensure you are in the best term available to meet your needs.

The U.S. mortgage process has many documents which are time sensitive, so it's important to start at the right time. Click here to review a few important tips to help you know when it is time to start your online application.

All loans and lines of credit are subject to approval, including verification of acceptable income, creditworthiness, and property valuations. Minimum and maximum property values and maximum loan-to-value ratios apply. Homeowner’s insurance is required for all loans and lines, and flood insurance is required if property is located in a Special Flood Hazard Area. Escrows may be required. There are closing costs associated with these products.

*Example: 3-Year ARM calculation assumes a $250,000 loan amount, 2.375% interest rate, 2.463% APR, with 25% down payment, amortized over 360 months = $971.64 monthly payment. If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the interest rate. Rates subject to increase after consummation.

Example: 5-Year ARM calculation assumes a $250,000 loan amount, 2.750% interest rate, 2.840% APR, with 25% down payment, amortized over 360 months = $1,020.61 monthly payment. If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the interest rate. Rates subject to increase after consummation.

Example: 7-Year ARM calculation assumes a $250,000 loan amount, 3.375% interest rate, 3.468% APR, with 25% down payment, amortized over 360 months = $1,105.25 monthly payment. If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the interest rate. Rates subject to increase after consummation.