Adjustable Rate Mortgages

These home loans are often called ARMs

If fixed-loan rates are out of your comfort zone, an ARM may be the answer. These mortgages are often described as a 3/1 ARM, 5/1 ARM or 1/1 ARM. The first digit is the number of years that the lower initial rate is locked in. The second digit indicates how frequently rates may be adjusted after that. So with a 3/1 ARM, the lower rate lasts 3 years with potential adjustments every year after that. Have more questions about how these mortgage options? Our lending team is well-ARMed with information.

• Paducah Bank has several ARMs to choose from
• Competitive initial interest rates
• Low closing costs
• ARMs available for both conventional and Jumbo loans
• ARMs are often a good choice if you plan to move again before the introductory period ends or if you anticipate a future increase in your household income

Start with our online mortgage application or find a lender. You can also visit one of our Paducah or Louisville, Kentucky branches.