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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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5.02% |
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0 |
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$5.68 for years 1-3 |
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Comments |
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Term: 360 months
Rate Cap: 2% / 4%
Available on loans up to $1 million.
Loans over $1 million also available.
Rates subject to change at any time.
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* Last Updated October 8, 2008
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| 5/3 year ARM |
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5.625% |
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5.17% |
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0 |
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$5.76 for years 1-5 |
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Comments |
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Term: 360 months
Rate Cap: 2% / 4%
Available on loans up to $1 million.
Loans over $1 million also available.
Rates subject to change at any time.
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* Last Updated October 8, 2008
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| 7/3 year ARM |
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5.875% |
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5.40% |
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0 |
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$5.92 for years 1-7 |
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Comments |
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Term: 360 months
Rate Cap: 2% / 4%
Available on loans up to $1 million.
Loans over $1 million also available.
Rates subject to change at any time.
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* Last Updated October 8, 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. Annual percentage rate subject to increase or decrease.
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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