Find a decade’s worth of peace of mind with a 10/1 ARM.
Lock in your interest rate for the next 10 years with a 10/1 adjustable rate mortgage.
When you lock in a lower mortgage rate, you can focus your resources on what matters now. Like planning your future together.1
1 For example, on a $10,000, 30-year loan with an initial interest rate of 3.875% (in effect on April 24, 2018), the maximum amount that the interest rate can rise under this program is 5 percentage points to 8.875% and the monthly payment can rise from a first-year payment of $47.03 to a maximum of $69.76 in the 11th year. To see what your payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. (For example, the monthly payment for a mortgage amount of $60,000 would be $60,000 divided by $10,000 = 6; 6 x $47.03 = $282.18 per month.) 2 Your initial interest rate is not based on the index* used to make later adjustments. Ask us for our current interest rate and margin. ARM = Adjustable Rate Mortgage. The Interest Rate is variable and may increase after the initial 10-year period. Payment may be greater as it does not include taxes and insurance. *The interest rate will be based on: The weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. 3 With approved credit. Some restrictions may apply.