Image for: Logo

Always on the move….make moving easier with our

Adjustable Rate Mortgage for medical professionals.

 Adjustable Rate Mortgage as of 6/14/2022: 

10 year rate for a 25-year amortization is

5.375% Rate      5.536% APR*

 

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.

A lending PRO will be in contact with you!

Name
Address

Your information will be kept confidential.

Adjustable Rate Mortgage for Medical Professionals

Financing available up to 100% | No Mortgage Insurance Required


Who is a 10/1 ARM for?


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.

What is a 10/1 ARM?


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.

When should you apply?


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.

Why should you apply?


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.

Let us help you achieve your financial goals locally with an

Adjustable Rate Mortgage Loan.

**Limited time offer

LET'S GET STARTED