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Adjustable Interest Rates

5/1 Adjustable Rate Mortgage (ARM)

30 Year Term, Rate 3.750%, APR 4.115%

Rate is fixed for first 5 years, then adjusts annually thereafter based on weekly average yield on US Treasury securities to a constant of one year as made available by the Federal Reserve Board. 2% interest rate cap at each interest rate adjustment period. Life of loan cap +/-6%, Floor 4.25%, Minimum down payment required for purchases is 5%. PMI insurance required if LTV>80%. Title insurance required. Escrow required on LTV >80%. Margin used 2.25%. Rate is subject to increase over the life of the loan. Refer to product disclosure for additional information. All APRs and Rates are accurate as of April 1, 2016 and are subject to change without notice.

 

7/1 Adjustable Rate Mortgage (ARM)

30 Year Term, Rate 3.875%, APR 4.287%

Rate is fixed for first 7 years, then adjusts annually thereafter based on weekly average yield on US Treasury securities to a constant of one year as made available by the Federal Reserve Board. After the 7th year converts to annually thereafter. 5% interest rate cap at first interest rate adjustment and 2% thereafter. Life of loan cap +/-6%, Floor 4.50%, Minimum down payment required for purchases is 5%. PMI insurance required if LTV >80%. Title insurance required. Escrow required on LTV >80%. Margin used 2.50%. Rate is subject to increase over the life of the loan. Refer to product disclosure for additional information. All APRs and Rates are accurate as of April 1, 2016 and are subject to change without notice.

 

ALL RATES LISTED ARE SUBJECT TO CHANGE WITHOUT NOTICE

Current Rates
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