Adjustable Rate Mortgages (ARM)s

Young family closing their arm loan from 1st national bankDiscover adjustable rate mortgages at 1st National Bank, offering flexible and competitive Arm loans for your unique needs.

What is an Adjustable Rate Mortgage?

An adjustable rate mortgage, or ARM, is a type of home loan with an interest rate that changes periodically based on market conditions. Initially, ARMs offer a lower interest rate than fixed-rate mortgages, making them an attractive option for borrowers looking for lower monthly payments or planning to move or refinance within a few years.

Benefits of Choosing an ARM from 1st National Bank

  • Competitive Rates: Our adjustable rate mortgages come with some of the most competitive rates in the industry, ensuring you get the best deal possible.
  • Flexible Loan Terms: We offer a variety of ARM loan terms, including 3/1, 5/1, and 7/1 to suit your specific needs and financial goals.
  • Local Expertise: As a community bank, we have in-depth knowledge of the local real estate market, ensuring you receive the best guidance throughout the mortgage process.
  • Personalized Service: Our experienced mortgage specialists are committed to providing you with personalized service and support, ensuring a smooth and stress-free home buying experience.

How to Apply for an Adjustable Rate Mortgage at 1st National Bank

  1. Contact Us: Reach out to one of our mortgage specialists by phone, email, or contact form.
  2. Pre-Qualification: Provide us with your information, and we will help you determine the loan amount you qualify for.
  3. Loan Application: Complete our online mortgage application or apply in person at one of our banking centers.
  4. Loan Processing: We will verify your information, request an appraisal, and process your loan application.
  5. Closing: After receiving final approval, we will schedule a closing date to sign the necessary documents and finalize your mortgage.

Ready to get started? Contact us today to speak with one of our mortgage specialists and begin your journey!