First Time Homebuyer Program 7/1 ARM


If you are new to the home buying process, we understand how confusing it can be. That’s why we have expert community lenders who’ve been helping first-time homebuyers for decades.

Their guidance will give you more than just the right mortgage program to keep your payments affordable, they’ll help you with all of the other decisions to make sure you get the right home in the right neighborhood for you.

Check out our 7/1 ARM program below and contact one of our Community Lenders.

ProgramTermInterest RatePointsAPR*Monthly Payments per $1,000 BorrowedMax LTV
7/1 ARM30 Years4.875%0.00%6.235%$5.29 for years 1-7
$6.34 for years 8-30
  • Payments do not include taxes or insurance.
  • The actual payment may be greater.



*Annual Percentage Rate (APR) is based upon a 3% down payment and a $200,000 mortgage amount.  The actual interest rate and fees available to you will be based on your credit history and may be different than the rates displayed here   Rate available for owner occupied single family and two family residences. PMI is required for loans with less than a 20% down payment. Payments do not include taxes or insurance. Property insurance and tax escrow required. The actual payment may be greater.  With our 7 Year Adjustable Rate Mortgage, your payment won’t change for the first seven years of the loan and then can change each year based on market conditions, subject to the specific terms of the loan.  Monthly payments based on 30 year term.  Due to market fluctuations, interest rates are subject to change at any time and without notice. Caps are 2% per adjustment 6% lifetime.  Maximum loan amount $484,350.

Rate is effective November 29, 2022.