Fixed Rate
We offer a wide range of traditional, fixed-rate mortgage programs with various terms that can be tailored to fit your specific needs and long-term financial goals.
- Monthly payments are fixed over the life of the loan
- Interest rate does not change
- Protected if interest rates go up
- Ability to refinance if rates decrease
- Higher interest rate than ARM loans
- Higher mortgage payments than ARM loans
- Interest rate remains fixed regardless of market fluctuation
Adjustable Rate (ARM)
The interest rate for an ARM (Adjustable Rate Mortgage) product changes periodically, typically in relation to an index that reflects the cost to the lender of borrowing on the credit markets, and payments may go up or down accordingly. Our ARM loan flexibility is advantageous to a wide array of financial situations.
- Lower initial monthly payment than fixed rate loans
- Lower payment over initial period of time
- Rates and payments may go down if rates improve
- May qualify for higher loan amounts
- Exposure to interest rate risk
- Potential for high payments if interest rates increase