10/30 Adjustable Loan

The 10-year adjustable rate mortgage (ARM) is offered to qualified applicants at one-half percent below our current 30-year fixed rate mortgage product. This loan is popular with buyers who plan to be in their homes less than 10 years because of the lower interest rate.

It provides you the security of an interest rate and a monthly payment that is fixed for the first 10 years; then, makes available the option of paying the outstanding balance in full or elect to amortize the remaining balance over the final 20 years at our current 30-year fixed rate, but no more than 3% above your initial interest rate.

Adjustable Rate Features:

This product is offered to qualified applicants at ½% below our current 30-year-fixed rate mortgage product.

The interest rate is fixed for the first 120 payments (10 years).

After 10 years, the interest rate will be adjusted to our current 30-year fixed rate, not to exceed 3% above the introductory rate, but not less than the initial interest rate. Your payment of principal and interest will be adjusted accordingly beginning with the 121st payment and will remain unchanged for the remaining term of the loan (20 years).

This loan may be for a primary residence or second home and may be used for a single-family detached home, condominium or townhouse. (Manufactured homes and mobile homes are not eligible.) Areas of Service »

First-time homebuyers are eligible for this loan product.


We don’t sell our loans, which means your mortgage won’t bounce around between banks all over the country and you’ll always know who to talk to with questions. We keep your mortgage close to home where it’s not only secure, but stays here in the community. More reasons »


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