Skip to Content Skip to Sitemap
Adjustable Rate Mortgages
Online Banking
Username field for login. Enter username

Adjustable Rate Mortgages

Adjustable Rate Mortgages

Start with contacting Windsor Federal's Mortgage Originator Triston Crosdale at 860.280.4967 or email today!  

 

Rates as of Tuesday, November 19, 2019

 

Adjustable Rate Mortgages

An adjustable rate mortgage or ARM, is a home loan that starts with a low fixed-interest rate for 3, 5, 7 or 10 years, followed by periodic rate adjustments. The Adjustable Rate Mortgage might be the right option for you. Rates are subject to change without notice.

Product Points Interest Rate APR Payment per $1,000
3 Year / 1 Year Adjustable Rate* 0.000 3.250% 4.741% $4.35
5 Year / 1 Year Adjustable Rate** 0.000 3.250% 4.509% $4.35

The interest rate will remain fixed until the first adjustment date and is subject to increase or decrease after consummation. Adjustments are based on the 1 year US Treasury weekly constant plus a 2.75% margin. However, at no time will the Annual Percentage Rate (APR) ever be higher than 18.00% regardless of the 1 year US Treasury rate.

Rates at time of application are for illustrative purposes only, and are not locked at time of online submission. Please call for more details!

  • Illustrated rates are for 1 - 4 Family Owner Occupied Residential Loans up to $500,000.
  • Annual Percentage Rates (APR) are based on $100,000 for conventional loans with a 20% down payment.

  • Any down payment less than 20% would require a monthly PMI (Private Mortgage Insurance) payment.

  • Maximum APR 18%.
  • Initial Unit Cost represents the monthly payment during the initial fixed term based on a $1,000.00 loan at the initial rate for a 30 year term.
  • Payment per $1,000.00 represents the monthly payment based on a $1,000.00 loan at the rate and term indicated.
  • At the adjustment which could be in 3 or 5 years depending on product. The maximum increase could be 2% yearly cap with a maximum of 5% lifetime cap over the life of the loan.
  • Subject to credit approval. Rates may also be impacted by other factors. Other terms and conditions may apply. Rates are subject to change without notice.