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​Adjustable Rate Mortgage

Flexible Home Financing with Adjustable Rate Mortgages (ARM)

At Woodsboro Bank, we understand that a traditional mortgage loan may not be the right product for all of our customers. If you want to take out a mortgage for your home but do not plan to stay there longer than the initial interest period, our adjustable rate mortgage (ARM) product may be a great option.


The benefits of an ARM include the following:

  • Lower initial interest rate
  • Lower repayments
  • Faster principal payment

Adjustable rate mortgages link to an index that determines the behavior of the interest rate after the initial phase has passed. This index controls whether the interest rate drops or rises between adjustments.

When you apply for an ARM, we add percentage points to the index, and this ultimately calculates your payable rate. Your mortgage will also be capped over its lifetime to limit how much your rate can rise between adjustments.

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ARE YOU READY TO Take the first step towards your mortgage goals?

Contact us or call 301-898-4000 to speak with the team today! Ready to move forward?

Apply Now