Apply Now
Want to talk with a Prospect Bank representative to learn more about our mortgage options, complete form and we will be in contact promptly, or give us a call at 877.465.4154.
Your information will be kept confidential.
Financing available up to 100% | No Mortgage Insurance Required
A 10/1 ARM is designed to fit the needs of the Borrower who does not intend to live in the home for more than a 10-year period.
A 10/1 ARM is an adjustable rate mortgage where the initial rate is fixed for the first 10-years, then adjusts every year thereafter. Our new product will typically allow for a lower interest rate when compared to a conventional 25-Year Fixed Rate Mortgage, thus allowing for a lower payment and interest savings over the first 10-years.
During a rising rate environment. Our Mortgage Loan Professionals take great pride in providing our friends and neighbors with personal, one-on-one service throughout the entire home-buying process. They can help you decide if our 10/1 ARM is right for you.
Fixed Rates are on the rise!
Applying for a 10/1 ARM might help you save more money over a 10-year period for your next home purchase.