Adjustable Rate Mortgages

Adjustable Rate Mortgages are available to purchase, refinance, build or improve your home. Adjustable Rate Mortgages (ARMs) generally offer an initial interest rate that is lower than that of a fixed rate loan. This may allow you to qualify for a larger mortgage. The interest rate on an ARM may increase or decrease over the life of the loan.

We offer the following ARM programs:

3 Year ARM
The interest rate and monthly principal and interest payment are locked in for the first 3 years and will adjust every three years thereafter in accordance with the loans terms.

5/1 ARM
The interest rate and monthly principal and interest payment are locked in for the first 5 years and will adjust annually thereafter in accordance with the loans terms.

7/1 ARM
The interest rate and monthly principal and interest payment are locked in for the first 7 years and will adjust annually thereafter in accordance with the loans terms.

Ask your loan originator for details on how your ARM loan adjusts.

Pre-approvals
Getting ready to purchase a new home? Shop with confidence with a fast free pre-approval from the Mansfield Bank and let your realtor know that you are a serious, committed buyer. Once you have found your home, your loan originator will convert your pre-approval to a mortgage application in the program that best fits your needs.

For more information about these mortgage products please email:
Ann Marie Kurko or call 508-878-7674

Fixed Rate

First Time Homebuyer

Residential Construction

Home Equity Lines

Home Equity Loans

Mortgage Rates

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