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Adjustable Rate Residential Mortgages

  • Available for one-to-four family owner-occupied and non-owner-occupied residences within our lending area (Non-owner-occupied rates will be higher)
  • Wide variety of programs available
  • Zero point or one point options available
  • Rate lock option available
  • Owner-occupied financing up to 97% of the purchase price or the appraised value (lower amount applies) available. LTV’s between 81% and 97% require Private Mortgage Insurance
  • Loans in excess of Freddie Mac Ceiling Limits (See Rate Sheet for limits) are eligible.
  • FIRST TIME BUYERS are eligible to finance up to a 90% LTV with NO PMI through the 7/1 ARM First Time Buyer Program
  • Non-owner-occupied financing up to 80% of the purchase price or the appraised value (lower amount applies)
  • Weymouth Bank services their loan!