Adjustable-Rate Mortgages

Cut the cost of getting your foot in the door
  • Enjoy lower initial loan rate.
  • Save on monthly payments.
  • Gain protection from rising rates.

Set aside money for new furniture.
Or for your future.

With reduced initial rates, adjustable-rate mortgages give buyers a period of financial flexibility.

Buying a house is expensive. Sometimes it takes every dollar you can scrape together. But there's a way to lower payments during the first years of ownership. An ARM comes with an introductory rate that's definitely special - and one that can buy you time to rebuild your savings and make other purchases.

  • Lock in low interest rates for 5, 7, 10 or 15 years.
  • After that, prepare for interest rates to be adjusted on a semi-annual basis.
  • Get protection from caps that limit how high your rate can go.
  • Profit even more should interest rates decrease over the life of the loan.
  • Consider this loan if you expect your income to rise in the near future, or you plan to move again before the introductory period ends.
Checking Accounts
First Bank helps you check that box with checking accounts designed to give you choices.