We are currently offering two ARM (adjustable rate mortgage) products, for a limited time, that provide the borrower flexibility and stability for the first 7 years.
During these 7 years, if lending rates drop, the borrower can choose to lower their rate one time.
After 7 years, the rate on the loan changes from fixed to variable, meaning that the rate may change.
Product Details: Non-Jumbo
Product Details: Jumbo
Adjustable-rate mortgage (ARM).
Rates subject to change. 30-year amortization. Initial rate fixed for 7 years, then adjusts annually based on the Wall Street Journal Prime (WSJP) index. Payments & rates may increase. One-time float-down option subject to qualification.
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