Font Size:

Mortgage ARM Rate Information

** 10-1 ARM
The Annual Percentage Rate (APR) is effective 11/28/22. Initial APR for the 10 year Adjustable Rate Mortgage (ARM) is 7.155% based on a $100,000 loan amount. Rate fixed for the initial 10 year period then is subject to change annually and is based on the 1 year Treasury, 4.65% as of 11/22/2022, plus a margin of 2.75%. Max rate adjustment of 2% each year and 5% over the life of the loan. Example Monthly Payments on a $100,000 loan amount for the 10/1 ARM: Years 1-10, 120 monthly payments of $640.31 per month based on the initial rate of 6.625%; Year 11, 12 monthly payments of $744.74 per month based on maximum rate adjustment of 8.625%; Year 12 ,12 monthly payments of $852.43 per month based on maximum rate adjustment of 10.625%, Year 13-30, 216 monthly payments of $906.74 per month based on maximum ceiling rate of 11.625%. Minimum credit score of 700 required. Maximum loan amount of $647,200. Maximum loan to value of 95%. Subject to normal underwriting guidelines. Offer valid for primary residence and second homes only. Northwest Bank Checking Account required. Property insurance is required. Payments do not include taxes and insurance and actual payments may be higher. Private Mortgage
Insurance may be required. Payment examples based on a $100,000 loan amount.

*** 5-1 ARM
The Annual Percentage Rate (APR) is effective 11/28/2022. Initial APR for the 5 year Adjustable Rate Mortgage (ARM) is 7.283% based on a $100,000 loan amount. Rate fixed for the initial 5 year period then is subject to change annually and is based on the 1 year Treasury, 4.65% as of 11/22/2022, plus a margin of 2.75%. Max rate adjustment of 2% each year and 5% over the life of the loan. Example Monthly Payments on a $10,000 loan amount for the 5/1 ARM: Years 1-5, 60 monthly payments of $623.87 per month based on the initial rate of 6.375%; Year 6, 12 monthly payments of $744.83 per month based on maximum rate adjustment of 8.375%; Year 7, 12 monthly payments of $871.21 per month based on maximum rate adjustment of 10.375%, Year 8-30, 276 monthly payments of$ 935.65 per month based on maximum ceiling rate of 11.375%. Minimum credit score of 700 required. Maximum loan amount of $647,200. Maximum loan to value of 95%. Subject to normal underwriting guidelines. Offer valid for primary residence and second homes only. Northwest Bank Checking Account required. Property insurance is required. Payments do not include taxes and insurance and actual payments may be higher. Private Mortgage Insurance may be required. Payment examples based on a $100,000 loan amount.

**** 3-1 ARM
The APR is effective 11/28/22. Initial APR for the 3 year Adjustable Rate Mortgage (ARM) is 7.376% based on a $100,000 loan amount. Rate fixed for the initial 3 year period then is subject to change annually and is based on the 1 year Treasury, 4.65% as of 11/22/2022, plus a margin of 2.75%. Max rate adjustment of 2% each year and 6% over the life of the loan. Example Monthly Payments on a $100,000 loan amount for the 3/1 ARM: Years 1-3, 36 monthly payments of $607.61 perm on the based on the initial rate of 6.125%; Year 4, 12 monthly payments of $733.54 per month based on maximum rate adjustment of 8.125%; Year 5, 12 monthly payments of $8657.1 per month based on maximum rate adjustment of 10.125%, Year6 -30, 300 monthly payments of $1002.46 per month based on maximum ceiling rate of 12.125%. Minimum credit score of 700 required. Maximum loan amount of $647,200. Maximum loan to value of 95%. Subject to normal underwriting guidelines. Offer valid for primary residence and second homes only. Northwest Bank Checking Account required. Property insurance is required. Payments do not include taxes and insurance and actual payments may be higher. Private Mortgage Insurance may be required. Payment examples based on a $100,000 loan amount.

Scroll to top