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Adjustable Rate Mortgages

Adjustable rate mortgages are available to purchase or refinance your primary residence, seasonal or second home, or condominium located in Vermont or New Hampshire.

Adjustable-rate mortgages, or ARMs, differ from conventional fixed rate mortgages in that the interest rate is a variable rate that can fluctuate throughout the life of the loan. This means that your monthly mortgage payment can change as well.

A Lower Payment

The primary benefit of an ARM is that the interest rate is usually lower in the first year or years that the rate is fixed compared to traditional fixed rate loans for the same term. That means a much lower mortgage payment!

More Stability

Today we offer a variety of ARMs that give members a longer period of stability before the interest rate could adjust: a 3/1, 5/1 or 7/1 loan. Each ARM has a fixed rate for the first three, five or seven years and then the rate can adjust annually thereafter.

All of our adjustable rate mortgages have limitations as to how much the interest rate can adjust annually and include a lifetime cap. This means you are protected from interest rates skyrocketing in any one year or to some unknown number throughout the term of your loan.

Please contact a mortgage originator for details on any of our adjustable rate mortgage options.