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Adjustable Rate Mortgages. We offer a variety of Adjustable Rate Mortgage (ARM) Loans with different initial terms. For example, we offer a 3/1 ARM, meaning that the rate is fixed for 3 years and then converts to a one year adjustable loan after the 36th month. Interest rate increases will not exceed 2% annually and 6% over the life of the loan. Other ARMs we offer include 1/1, 5/1, 7/1, and 10/1 plans (fixed rate loans for 1 year, 5 years, 7 years and 10 years respectively, then converting to a one year adjustable loan. For current rates, click here.
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