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Adjustable Rate Mortgages
A mortgage that features a lower interest rate for a fixed period of three, five, or seven years, with an adjustable rate after that.
Take advantage of a lower initial interest rate with an Adjustable Rate Mortgage.
Marblehead Bank offers three-, five-, and seven-year fixed periods, with a rate adjustment each year following the fixed period.
A 5/1 ARM, for example, has a fixed interest rate the first five years, then a rate adjustment each year after that. The benefit: Lower interest payments for the initial fixed five-year period.
A P.M.I. Program is available with this mortgage.
Features & Benefits:
- Use to purchase an owner-occupied Primary Residence in a one- to four-family building
- Benefit from lower initial monthly payments
- Potentially qualify for a larger loan amount
- You could save money if you’re planning to move or fully pay off your mortgage within a few years
30-YEAR ADJUSTABLE-RATE MORTGAGE RATES
Assumes a 20% Down Payment.
Please inquire about interest rates for second homes.
Maximum Loan Amounts:
1-Family: $832,750
2-Family: $1,066,250
3-Family: $1,288,800
4 Family: $1,601,750
APY is accurate as of 4/13/2026. All rates and terms subject to change without notice.
| Loan Term | Interest Rate1 | Points | APR | Monthly Payment / $1,000 |
|---|---|---|---|---|
| Loan Term 5/1 yr3 | Interest Rate1 5.625% | Points 0.0 | APR 6.280% | Monthly Payment / $1,000 $5.76 |
| Loan Term 7/1 yr4 | Interest Rate1 5.750% | Points 0.0 | APR 6.262% | Monthly Payment / $1,000 $5.84 |
