Adjustable Rate Mortgages
Adjust your mortgage expectations.
In a good way.
Our 7/1 Adjustable Rate Mortgage (ARM) comes with a very competitive rate and very appealing terms. In fact, it just might be the ideal mortgage for your situation. Learn more today about how to make it work for you.
| ARM | Term | Interest Rate | Points | APR* | Monthly Payments based on a loan amount of $200,000 |
|---|---|---|---|---|---|
| 7/1 | Months 1-84/ Months 85-360 | 4.74%/7.25%^ | 0.00 | 6.055% | $1,042.09/$1,276.97 |
^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. APR is based on a 20% down payment and a minimum FICO score of 740. Closing Costs may apply. Subject to credit approval. Homeowners Insurance is required. Flood Insurance may be required. Rates are available for 1 – 4 family primary residences and second homes (not rental properties) in Rhode Island, Massachusetts, and Connecticut. 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 with auto payment, at the time of account closing. If the account and/or auto payment is closed and/or discontinued the rate will increase by .25 basis points. Other programs and down payments may be available. Other terms and conditions may apply. Please contact a Centreville representative at 401.821.9100 or 800.377.4424 for details.