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Terms and Conditions

Traditional ARMs

Our Traditional ARMs offer you all the features of a fixed-rate loan combined with the value of an adjustable rate mortgage. Start with an initial low fixed rate for 1, 3, or 5 years. The rate will adjust annually. Periodic rate caps determine the maximum allowable increase or decrease when the rate changes, and a lifetime cap determines the maximum allowable increase in rate over the life of the loan.

Advantages

Gives you set payments for a specific period of time

Low qualifying rates

Affordable home financing

Consider a Traditional ARM If:

You want the stability of a low fixed rate for a set period of time.

You prefer to keep extra cash on-hand for investing or other needs.

You're looking for a fully-amortizing product.

You intend to stay in the home for 5 years or less.

Variations

15 and 30 year terms

1, 3, and 5 year initial fixed rate period before adjusting.