7-Year Fixed Rate
Enjoy a fixed rate for the first 7 years, then adjust annually based on market rates.
Save More Now
Get lower initial monthly payments than with most traditional fixed-rate mortgages.
Flexible Relock
Lock in a new rate for 7 years for just $350, without extending your loan term.The Relock Feature:
Take advantage of the changing market conditions without the fees of a regular refinance.
Imagine the Possibilities
Interest rate as low as 5.5% (5.771% APR), fixed for the first 7 years.
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ENHANCED BUYING POWER: Lower rates, higher qualifying loan amount
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GREAT FOR CASH OUT REFINANCES: Access cash now at a competitive interest rate
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BEST OF BOTH: A home loan with the benefits of a fixed and ARM product
Not Your Forever Home?
A 7/1 ARM could be right for you!
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You may refinance, sell, or pay off the loan at any time without prepayment penalty
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Lock in lower initial payments for 7 years
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Use the relock feature to take advantage of the changing market
GET A 30-YEAR 7/1 ARM
Get lower payments now and adjustable rates later, so you can plan ahead with confidence.
Click the button below to apply and make your dream home a reality today!
* A 7/1 ARM, 30-year Worry Free mortgage, 0 points, and loan amount of $500,000 will be paid in 360 monthly installments, with estimated payment of $2,838.95 during the first 84 months. Estimated payment includes principal and interest. Any other fees such as property tax and homeowners’ insurance are not included and will result in a higher actual monthly payment. Based on the current index and margin, the payment would adjust to $3,285.84 for the next 12-month period with subsequent rate adjustments occurring every 12 months. ARM interest rates and payments are subject to increase after the initial fixed-rate period. Initial discount rate reflects a reduction in effective rate until the first adjustment after the seventh year to the 1 Year Treasury Constant Maturity as published in the Wall Street Journal, presently 5.17%, plus a margin of 2%. Interest rate available for loan amounts between $50,000 and $806,500 (conforming limit). Annual Percentage Rate (APR) reflects 80% Loan to Value based on appraisal and origination fee of $850. Contact a Mortgage Loan Officer for a Loan Estimate which will cover all fees and terms. Rate caps are a maximum 3% adjustment every 12 months and a maximum 6% increase over the life of the loan. The Worry Free 7/1 ARM can be relocked for a new 7-year period at any time. The new lock rate will be the published 7/1 rate for a loan with the same margin. A $350 processing fee applies to all relock requests. This example is for illustrative purposes only and is subject to change without notice. Advertised rate, points and APR are based on a set of loan assumptions. Your actual rate and APR may differ from this example. All loans are subject to credit approval. Membership required.
