Adjustable-Rate Mortgage
Our adjustable-rate mortgage (ARM) is ideal if you plan to stay in your home for a shorter period of time or have a higher tolerance for rate variability. ARMs generally offer initial interest rates that are lower than most fixed-rate mortgages. The initial interest rate on an ARM starts out fixed for a set number of years, then becomes variable. After that, the rate and payment will go up or down each year as the market value changes. To estimate your rate, use our Custom Rate Quote tool.
Stands for the London Interbank Offered Rate. The British Bankers Association uses information gathered from a survey of multiple lending institutions to determine LIBOR rates.
| Product | Rate | APR* | Points | Repayment Example |
|---|---|---|---|---|
| 3/1 Fully Amortizing ARM | View Rates | View Rates | #ProductLine=Mortgage|Brand=citizensbank|NAME=Conforming Adjustable Rate Mortgage - Purchase|Descr=3/1 Fully Amortizing ARM|ProductAttribute=POINTS# |
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| 5/1 Fully Amortizing ARM | View Rates | View Rates | #ProductLine=Mortgage|Brand=citizensbank|NAME=Conforming Adjustable Rate Mortgage - Purchase|Descr=5/1 Fully Amortizing ARM|ProductAttribute=POINTS# |
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| 7/1 Fully Amortizing ARM | View Rates | View Rates | #ProductLine=Mortgage|Brand=citizensbank|NAME=Conforming Adjustable Rate Mortgage - Purchase|Descr=7/1 Fully Amortizing ARM|ProductAttribute=POINTS# | |
| 10/1 Fully Amortizing ARM | View Rates | View Rates | #ProductLine=Mortgage|Brand=citizensbank|NAME=Conforming Adjustable Rate Mortgage - Purchase|Descr=10/1 Fully Amortizing ARM|ProductAttribute=POINTS# |
