Adjustable-Rate Mortgages

An adjustable-rate mortgage (ARM) features a variable interest rate, which is periodically adjusted based on the change in a financial index such as One Year Treasuries, plus a margin that is established prior to closing. Interest rate changes are limited or capped at each adjustment and for the life of the loan.

bankESB offers an ARM program at an attractive initial rate and allows for the rate to move up or down based on a predetermined margin and a defined index. The bankESB ARM also includes a periodic cap limiting the interest rate change from adjustment period to adjustment period as well as an overall cap limiting the initial interest rate increase and decrease over the life of the loan. bankESB offers ARM programs with an introductory fixed rate period. ARM loans usually start at a lower rate than fixed-rate loans, which translates to greater purchasing power. Please view our Rates and Disclosures for more information.

If a lower rate to start is more appealing - consider an ARM. It allows you to start with lower payments that will adjust to market conditions at a future specified date. Periodic and lifetime caps are provided to protect you from market fluctuations.

  • Flexible Terms
  • Zero Point Options Available
  • 1-4 Family, Non-Owner Occupied and Construction mortgage rates differ from Owner Occupied rates


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