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Adjustable rate mortgages

Looking for a mortgage loan at the lowest possible rate? Apply for one of our Adjustable Rate Mortgage (ARM) loans. We offer 1, 3, 5 and 7 year terms which means your interest rate is fixed for the specified initial period, with the rate adjusting annually after that. The lower initial rate is also unique because you may qualify for more and lower your monthly payment. A 5% down payment is all you’ll need to help get the keys to your new castle!

Benefits

  • Lower initial rate
  • Less risk to borrowers who want interest rate protection with a competitive rate
  • Longer initial fixed-rate periods protect against rapid interest rate increases
  • Great loan for borrowers who are looking for short term financing
  • No prepayment penalties
  • No negative amortization

*Annual Percentage Rate

ADT


Current Rates
Adjustable Rate Mortgages
TermRates as low asPointsAPR*
1/13.625%0.25%7.177%
3/14.000%0.25%6.678%
5/14.750%0.25%6.526%
7/15.125%0.25%6.430%
  

Example: A loan amount of $150,000 at 4.750% for the first five years (initial rate period) would have a monthly payment of $782.47. The payment adjusts annually thereafter based on current market rates.

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40400 Garfield Road • Clinton Township, MI 48038 • 586.263.8800

Routing number: 272480173

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