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Choose an Adjustable Rate Mortgage (ARM) and receive a lower initial interest rate, and low monthly payments, which can help you to qualify for a larger mortgage amount.
Our ARMs offer an initial interest rate which remains fixed for the term you choose - 3 years, 5 years or 7 years. After that period, your interest rate will be adjusted based on current market conditions. Interest rates will never change more than 2% at each adjustment period, or more than 4% over the life of the loan.
Rates quoted are subject to change at any time. Please contact a mortgage representative for current rates.
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| Product |
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Rate |
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APR* |
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Points |
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Monthly Pmt/$1000 |
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| 3/3 year ARM |
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5.500% |
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5.34% |
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0 |
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$5.68 for years 1-3
$5.53 for years 4-30 |
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Comments |
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Term: 360 months
Rate Cap: 2% / 4%
3 Yr Treasury Index + 2.75%
Fully Indexed Rate: 5.250%
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* Last Updated May 7, 2008
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| 5/3 year ARM |
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5.500% |
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5.37% |
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0 |
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$5.68 for years 1-5
$5.54 for years 6-30 |
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Comments |
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Term: 360 months
Rate Cap: 2% / 4%
3 Yr Treasury Index + 2.75%
Fully Indexed Rate: 5.250%
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* Last Updated May 7, 2008
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| 7/3 year ARM |
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5.750% |
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5.53% |
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0 |
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$5.84 for years 1-7
$5.57 for years 8-30 |
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Comments |
| |
Term: 360 months
Rate Cap: 2% / 4%
3 Yr Treasury Index + 2.75%
Fully Indexed Rate: 5.250%
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* Last Updated May 7, 2008
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| Non-owner occupied |
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Vary by Product |
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Comments |
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Term: varies
Rate Cap: n/a
Available with any of our standard mortgage products. Rates and terms vary. Please contact a mortgage lender for more details.
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*Annual Percentage Rate
Annual Percentage Rate quoted is based on 80% LTV. Other options available with Private Mortgage Insurance.
Contact a lender today, call us at 1-877-INFO-CTR (1-877-463-6287) or stop by one of our branch locations to learn more about our Mortages Services.
All rates and terms are subject to change at any time. Restrictions and conditions may apply.
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