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7/1 Hybrid Adjustable Rate Mortgage (ARM)

If you're in your home for the short term, why pay long term rates?

Our 7/1 Adjustable-Rate Mortgage (ARM) offers you the security of a fixed-rate loan with a low introductory rate for 7 years, then converts to a one-year ARM for the remainder of the 30-year term.

This program is great for borrowers who expect to move or refinance within 7 years. But if your plans change, you won't be forced into refinancing when you're not ready because of a balloon payment.

7/1 ARM features and benefits:

  • Save with a lower interest rate than with a long-term, fixed-rate mortgage.
  • Qualify for a larger loan amount than with a fixed-rate mortgage.
  • Protect your interest rate for an extended period of time.
  • Keep your monthly payment low with a 30-year term and amortization.
  • No prepayment penalty
  • Borrow up to $1 million at the same low rate. Higher loan amounts are available.
  • One-year ARM is tied to the stable one-year LIBOR index. Enjoy the savings of a low 2.25% margin and the peace of mind knowing your rate won't increase more than 5% over the life of the loan on the one-year ARM.

Find out how we can bring it all home by calling us toll-free at 1-888-514-2300.

Get a custom rate quote to learn more about our other products.

Click here for loan product terms and conditions.

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Citizens Bank is a brand name of RBS Citizens, N.A. and Citizens Bank of Pennsylvania. Citizens Bank is a division of RBS Citizens, N.A. and Citizens Bank accounts and other RBS Citizens, N.A. accounts are not separately insured by the FDIC. Citizens Bank of Pennsylvania is not part of RBS Citizens, N.A.
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7/1 ARM

Current Annual Percentage Rate (APR) is 5.80%. The APR example is based on a loan amount of $150,000, maximum Loan to Value (LTV) of 85.00% and payments of principal and interest (P&I) in the amount of $805.23 for payments 1 through 84, followed by payments (P&I) of $886.28 for the remaining  23-year period. The interest rate is subject to increase at the end of the 3-, 5-, 7-, or 10- year fixed rate period. Your interest rate may be adjusted annually and will be based on an index plus a margin. The index is the one-year London Interbank Offered Rate (LIBOR) as published in The Wall Street Journal.



All loans are subject to individual approval.

Mortgages are offered and originated by RBS Citizens, N.A. All loans are subject to individual approval.