Variable Rate Mortgages
An Adjustable Rate Mortgage (more commonly referred to as an “ARM" loan) may have a lower initial rate and monthly payment when compared to a fixed rate mortgage.
However, the rate and payment are not fixed and can increase or decrease within certain limits during the life of the loan.
ARMs are appropriate for smaller owner-occupied home loans (usually less than $50,000), and rental property loans. Most of the ARMs we offer have low closing costs, short closing periods and are housed and serviced locally by First National Bank.
We don't think financing a new home should be complicated or intimidating. That is why First National Bank of Dennison loan officers make it easy! We'll walk you through it step by step, and give you great rates at the same time.