Get the flexibility you need with an Adjustable-Rate Mortgage.

An Adjustable-Rate Mortgage (ARM) is a home loan with an interest rate that can change periodically. Generally, the initial interest rate is lower than a comparable Fixed-Rate Mortgage. Available in CT and MA.

Is an Adjustable-Rate Mortgage right for me?

An Adjustable-Rate Mortgage (ARM) is a home loan with an interest rate that typically changes to reflect market conditions. These loans may initially have a lower payment but they could go up or down after the initial fixed rate period ends. There are annual and lifetime caps in place to protect you from dramatic rate increases. ARMs are a good option for buyers planning to stay in their home for a shorter period of time (three to 10 years).

  • Borrow up to $1,500,000.
  • Available in 30-year terms with initial fixed rate period of 3, 5, 7 or 10 years.1
  • Lower initial interest rate.
  • No prepayment penalties.


1 Example: 5/1-Year ARM 2.875% APR (Annual Percentage Rate) - Interest rate and payment amount are fixed for the first 5 years, then the interest rate and resulting APR are subject to change every year with caps of 2% per adjustment and 5% for the life of the loan. A loan amount of $300,000 with a 3.722% APR and 0 points paid, a 30 year term will have monthly payments of $1,244.68 for the first 5 years, then varies each year thereafter. (this payment includes principal and interest only and does not include PMI, taxes, insurance or other applicable escrows. Actual payment obligation will be greater). This APR listed as an example only and does not represent a guaranteed rate. Check our rate page for current rates. Rates are subject to change at any time. Interest Rates and APRs are discounted by 0.25% and require payments to be automatically deducted from a personal account at a financial institution and are applicable only to loan amounts equal to or less than $1,500,000. For interest rates, APRs and loan terms on specific products use the customized rate quote link.  The automatic payment deduction must be maintained for the life of the loan in order to retain the discounted interest rate and APR. The interest rate and APR will increase if the automatic payment deduction is cancelled. Offer applies to new or refinance loans only, not valid for current loans. Offer is subject to change without notice and may be withdrawn at any time. All loans are subject to the credit approval process.
2 A prequalification/estimate are guidelines; the estimate is not an application for credit and results do not guarantee loan approval or denial.

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