10/1 ARM March Madness Home Loan Offer
10/1 Adjustable-Rate Home Loan 5.99%* Plus One Point available through April 15, 2025. Current indexed rate is 6.625%, variable rate remaining loan term. APR is 6.346%.
Are you ready to take the next step toward home ownership? At Arundel Federal Savings Bank, we're excited to offer you a fantastic opportunity with our 10/1 Adjustable-Rate (ARM) Home Loan at a competitive rate of just 5.99%* plus one (1) point! Current indexed rate is 6.625%, variable rate remaining loan term. APR is 6.346%.
This offer is designed to help you achieve your financial dreams while enjoying the flexibility of an adjustable rate. With this home loan, you can benefit from lower initial payments compared to traditional fixed-rate mortgages, allowing you to invest more in your new home and community. We believe in empowering you to make informed decisions that are best for your future.
Take the next step to reach your homeownership goals with Arundel Federal's 10/1 Adjustable-Rate 5.99%* Home Loan offer. Have questions? Our team of dedicated Mortgage Loan Originators experts are ready to help providing personalized service to help you navigate the mortgage process with ease and confidence. Arundel Federal Savings Bank has 5 Maryland branch locations in Annapolis, Brooklyn, Glen Burnie, Pasadena and Severna Park.
*Disclosure: Interest rates and terms are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, term, credit score, and other variables. Please call for details.
*ARM (Adjustable-Rate Mortgage) is a variable rate loan. ARM interest rates and payments may increase after consummation. 10/1 ARM interest rates will adjust annually after the initial 120-month fixed period. Adjustments are based on the average weekly yield of US Treasury Securities adjusted to 1-year constant maturity index plus a 2.5% margin. Fully indexed interest rate as of 02/28/25 is 6.625%. The 10/1 ARM interest rate will not increase or decrease more than 5% at the first-interest rate adjustment and not more than 2% at each subsequent adjustment. Interest rate will not increase or decrease more than 5% over loan term. Interest rate subject to autopay, from Arundel Federal Savings Bank deposit account, established at loan settlement. Maximum loan amount of $835,000. Maryland properties only. Offer good on applications received through 04/15/25. Contact us at 410-768-7800 or visit a branch for more information. NMLS #671636.