FDIC-Insured—Backed by the full faith and credit of the U.S. Government
1
Gather Documents
Have your financial details and property information ready.
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7/1 Adjustable Rate Mortgage (ARM)
Adjust your mortgage expectations. In a good way.
Whether you're purchasing a new home or refinancing, a 7/1 Adjustable-Rate Mortgage offers a competitive initial rate that's fixed for the first seven years, with annual adjustments thereafter. Plus, our lending team is here to provide personalized guidance every step of the way.
6.250%
Fixed for 7 years
7.250%^
Variable annually thereafter
____________________________
6.825%^*APR
See how your payments could change over time with our Adjustable-Rate Mortgage Analyzer.
Getting Started
Three Easy Steps
Applying for an Adjustable-Rate Mortgage is simple.
2
Talk to a Lender
Connect with our lending team to review your options.
3
Move Forward
Get a local decision and lock in your introductory rate.
Disclosure:
^The index is the weekly average yield on U.S. Treasury Securities adjusted to a constant maturity of one-year. Information about the index is available in the Federal Reserve Statistical Release H-15. *Annual Percentage Rate (APR) is subject to change without notice and may increase after consummation. APR is effective as of {CurrentDate}. APR is based on a 20% down payment and a minimum FICO score of 760. Rates assume a purchase, or rate and term refinance, transaction secured by a single-family, owner-occupied property (includes second homes) located in Rhode Island, Massachusetts, or Connecticut. Closing Costs apply. Subject to credit approval. Monthly payments, based on a 30-year loan in the amount of $200,000, will be $1,231.43 during months 1-84 and $1,342.55 during months 85-360. Homeowners Insurance is required. Flood Insurance may be required. Payments do not include taxes and insurance; your payments may be greater. To obtain the disclosed APR, you must open and/or maintain a Personal Plus or Personal Premium Checking Account and establish auto draft at the time of loan closing. If the account and/or auto draft is closed and/or discontinued the rate will increase by .25 basis points. Other programs and terms are available. Other terms and conditions may apply. Please contact a Centreville representative at 401.821.9100 or 800.377.4424 for details or visit www.CentrevilleBank.com.
^The index is the weekly average yield on U.S. Treasury Securities adjusted to a constant maturity of one-year. Information about the index is available in the Federal Reserve Statistical Release H-15. *Annual Percentage Rate (APR) is subject to change without notice and may increase after consummation. APR is effective as of {CurrentDate}. APR is based on a 20% down payment and a minimum FICO score of 760. Rates assume a purchase, or rate and term refinance, transaction secured by a single-family, owner-occupied property (includes second homes) located in Rhode Island, Massachusetts, or Connecticut. Closing Costs apply. Subject to credit approval. Monthly payments, based on a 30-year loan in the amount of $200,000, will be $1,231.43 during months 1-84 and $1,342.55 during months 85-360. Homeowners Insurance is required. Flood Insurance may be required. Payments do not include taxes and insurance; your payments may be greater. To obtain the disclosed APR, you must open and/or maintain a Personal Plus or Personal Premium Checking Account and establish auto draft at the time of loan closing. If the account and/or auto draft is closed and/or discontinued the rate will increase by .25 basis points. Other programs and terms are available. Other terms and conditions may apply. Please contact a Centreville representative at 401.821.9100 or 800.377.4424 for details or visit www.CentrevilleBank.com.