Affordable Housing Program
Our Affordable Housing Program features a 7/3 adjustable-rate mortgage that starts out with a low fixed rate for seven years, which is then adjustable every three years thereafter. What’s more, the program requires as little as 3% down*.
In general, adjustable-rate mortgages are a good choice if you:
- Plan to move or sell your house before the end of the fixed-rate period, so you aren’t concerned about possible rate increases.
- Want an initially lower starting rate and monthly payment than a fixed-rate mortgage typically offers.
- Believe that interest rates may decrease in the future.
*Click on view rates for more information.