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.
| Product | Rate | APR* | Points | Repayment Example |
|---|---|---|---|---|
| 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# |
|
| 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# |
*Rates listed above are for conforming purchase loans, are effective as of
#ProductLine=Mortgage|Brand=citizensbank|ProductAttribute=RATE_UPLOAD_DATE# and subject to change at anytime. Adjustable rate mortgages (ARMs) have interest rates that are subject to increase after loan closing. Rates include a 0.125 percentage point reduction which requires a Citizens Bank consumer checking account set up at time of loan origination with automatic monthly payment deduction. One offer per property. Not applicable to Bond or CRA loans. Other restrictions may apply.
