font size:

Adjustable Rate Mortgage (ARM)

Afford more home than you thought you could with an Adjustable Rate Mortgage (ARM) from Monroe Bank & Trust. You’ll enjoy competitive rates with lower initial rates.

Features and Benefits

  • Low initial rate makes your monthly payment affordable.
  • Rate is always competitive.
  • No Primary Mortgage Insurance.
  • Great mortgage option if you’re planning on staying in your home for 3-5 years.

Current Rates

Important Disclosures


Adjustable Rate Mortgage - 5/1 ARM (Caps 2/5)*
Down Payment Type APR Points
  5/1 ARM (Caps 2/5) 5.131% 0.000%
  5/1 ARM (Caps 2/5) 5.122% 2.000%


Affordable, Flexible Financing

You like to get the best deal available, no matter what. The same goes for your mortgage. With an Adjustable Rate Mortgage (ARM) from MBT, your interest rate is fixed for a predetermined initial period. Rates then go up and down throughout the term of your mortgage, so you know your interest is always competitive.  

Plus, ARMs typically offer an initial interest rate that is lower than that of a fixed-rate loan, which may mean you can afford more home than you might have thought, so it’s perfect for those who anticipate an income increase in the near future or plan on staying in their house for only five years or less.  

Call an MBTeam banker at 734-242-2204 to learn more about this convenient, flexible and affordable way to finance your home. Click here to apply online or find answers to frequently asked questions about mortgage loans.

Rates shown above are Best Rates based upon credit scores. Interest rates and/or points are subject to change without notice, and may vary based on credit quality, loan amount and property type. The Annual Percentage Rates (APRs) disclosed above assume a 20% down payment on the purchase of an owner occupied one unit dwelling, with no secondary financing. The APR does not include recording fees or title insurance. The interest rate for Adjustable Rate Mortgage (ARM) loans may increase after the initial fixed rate period. All loans subject to credit approval. Rates quoted are for loans with escrow accounts and are for 30 day lock period, extended rate lock periods are available, but may be at a higher rate and/or additional fee. *Note on “Caps” numbers (example: 2/6): The first number indicates the maximum percentage amount the loan may adjust to in any single year. The second number indicated the total maximum percentage the loan may adjust to during the life of the loan. It is the reader’s responsibility to verify rates with an MBT loan officer.


find out more



find out more