Adjustable Rate Mortgage (ARM) Conforming Rates
- Fixed interest rate for the first 1, 3, 5, 7 or 10 years depending on the product you choose
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- Interest rate adjusts over the term of the loan after the fixed period
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- Rates are for 30 day locks. All rates subject to change based on credit score and loan to value ratio.
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- 10 to 30 year terms available
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Rates Effective: January 30, 2012
| Maximum Loan Amount: |
$417,000.00 |
Maximum Loan to Value: |
95 % |
|
| Loan Description |
Index |
Rate |
Points |
APR
|
P & I Per $1000 |
| One Year ARM (2/6) |
1 yr Treasury |
n/a |
n/a |
n/a |
n/a |
| n/a |
n/a |
n/a |
n/a |
| 3/1 ARM (2/6) |
1 yr Treasury |
3.000% |
0.000% |
2.937% |
$4.2160 |
| n/a |
n/a |
n/a |
n/a |
| 5/1 ARM (5/2/5) |
1 yr Treasury |
3.000% |
0.000%
|
2.953% |
$4.2160 |
| n/a |
n/a |
n/a |
n/a |
| 7/1 ARM (5/2/5) |
1 yr Treasury |
3.250% |
0.000% |
3.083% |
$4.3521 |
| n/a |
n/a |
n/a |
n/a |
| 10/1 ARM (5/2/5) |
1 yr Treasury |
n/a |
n/a |
n/a |
n/a |
| n/a |
n/a |
n/a |
n/a |
Initial interest rate may change after consummation.
Click to calculate loan payments.
All rates subject to change without notice.
Assumes owner-occupied residence.
APR is based on a loan amount of $300,000 with a 20% down payment
A 1/1 ARM has a fixed interest rate for the first year. After the first year, the rate can change once every year for the remaining term of the loan. When the rate changes, the monthly payment may go up (if rates rise) or go down (if rates fall).
A 3/1 ARM has a fixed interest rate for the first three years. After the first three years, the rate can change once every year for the remaining term of the loan. When the rate changes, the monthly payment may go up (if rates rise) or go down (if rates fall). Monthly payments are fixed for the first 3 years.
A 5/1 ARM has a fixed interest rate for the first five years. After the first five years, the rate can change once every year for the remaining term of the loan. When the rate changes, the monthly payment may go up (if rates rise) or go down (if rates fall). Monthly payments are fixed for the first 5 years.
A 7/1 ARM has a fixed interest rate for the first seven years. After the first seven years, the rate can change once every year for the remaining term of the loan. When the rate changes, the monthly payment may go up (if rates rise) or go down (if rates fall). Monthly payments are fixed for the first 7 years.
A 10/1 ARM has a fixed interest rate for the first ten years. After the first ten years, the rate can change once every year for the remaining term of the loan. When the rate changes, the monthly payment may go up (if rates rise) or go down (if rates fall). Monthly payments are fixed for the first 10 years.
Payments do not include amounts for taxes and insurance premiums, if applicable, actual payment obligation will be greater.
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