Our most affordable rates to keep your starting payments lowAdjustable-Rate Mortgages (ARMs) come with lower initial rates for a specific period, leading to affordable monthly payments.
Advantages of Adjustable Rate Mortgages (ARMs)
- Great low mortgage rates
- Low closing costs
- Down payments of 5% to 20%*
- 0.25% rate discount for all first-time homebuyers or Baltimore City home purchases*
- We'll help you find home buying grants and incentives that provide down payment assistance
- Eligible for our popular Bonus Rewards program**
*Private Mortgage Insurance may be required with less than 20% down. Buy in Baltimore and First-Time Home Buyer Rate discounts not available on FHA Loans Discounts cannot be combined. See rate and payment examples.
**Certain conditions apply. Subject to annual Board approval. Not available on all loan types.
Handbook on Adjustable Rate Mortgages
Adjustable Rate Pricing Disclosure
Home Mortgage Disclosure Act (HMDA) Notice