Adjustable Rates Mortgages (ARMs)

Residential Mortgage Checklist
Easy 3 step process overview

Rates as of Thursday, April 6, 2017

PointsInterest
Rate
Annual
Percentage
Rate
Payment
per $1,000
PaymentsApply
Five/One Year Adjustable Rate - Purchase/Refinance
Term 30 Years - CAPS 2% / 6%
0.0002.750%3.366%$4.08Show Payments
Seven/Three Year Adjustable Rate - Purchase/Refinance
Term 30 Years - CAPS 2% / 6%
0.0002.990%3.708%$4.21Show Payments

Rates are subject to change without notice. Loan limits and other restrictions may apply.

Annual Percentage Rate (APR) quoted above are based on a representative $100,000 loan amount, with 20% down payment/equity for the stated term and include the points listed. Rates are not guaranteed until lock-in and subject to change without notice. All loan applications subject to credit underwriting and property approval. Homeowners' Insurance and flood insurance (if applicable) required. Private Mortgage Insurance (PMI) is required if your downpayment / equity is less than 20%. Loan rates are for a first lien position on single family owner-occupied residences. Call for rates available for 2-4 family owner occupied residences.

All Adjustable Rate Mortgage (ARM) APR's are predicated on a 30 Year Amortization. ARM rates are based on a 1 or 3 year TBill Index with a margin of 2.750 depending on product.  All adjustable rates mortgages (ARM) products are variable and may change after consummation of the loan. Any increase in APR will result in a higher payment.


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