Adjustable Rate Mortgages

Enjoy lower payments while you get settled into your home.

Use the savings to pay for renovations, furnishing or anything else in your life.

The right price

A head start

Lower rates for first few years of loan - Paducah Bank offers several options.

Making adjustments

After the introductory period, your rates may go up or down, depending on the overall economy.

You're protected

Loan caps limit annual rate increases to prevent big jumps in your monthly payments. 

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.

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