Adjustable Rate Loans

Settling into a new home can be a bit overwhelming. There are rooms to be painted, furnishings to be bought and moving expenses to cover. With an adjustable rate mortgage (ARM) your initial interest rate will generally be lower than a fixed-rate mortgage. As time goes on, your interest rate may change depending on fluctuations in the market. If you plan to sell or refinance your home within the first few years, this may be a good option for you.


  • Lower initial interest rate – typically lower than a fixed rate mortgage
  • Rate and payment are fixed for an initial period – typically 5,7,10 or even 15 years
  • Rates may adjust annually after an initial fixed period, which changes your monthly payments
  • Interest rate caps are in place to limit how high the interest rate can go, which lets you know your maximum rate
  • Lower interest rates increase your purchasing power

What people are saying

As a first-time homebuyer, Lakeland Bank's expertise and willingness to ensure understanding of intricate details was extremely valuable. While the process wasn't without its hurdles, we could rest assured that our best interests were in mind and that Lakeland Bank had our back.

Caitlin & Ken B.

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