With our John Marshall Bank 6/5 ARM, you will start with a low fixed-rate for the first six years, after which, your rate changes (higher or lower) every five years based on the current five-year U.S. Treasury rate at the time, plus a 1.75% margin.
• 80% Loan to Value (LTV) up to $1.5MM or 75% LTV over $1.5MM
• Amortized over 30 Years
• Rate adjusted every five years after initial six-year fixed term
Benefits to a John Marshall Bank ARM
We do not change rates based on the loan amount
We do not sell our loans
We do not have a non-warrantable condo restriction
We do not have cash reserve requirements
Act now while rates are low! Other banks usually adjust rates daily, but at John Marshall Bank we change rates weekly.
Go to JohnMarshallBank.com for the latest low rate, or call Lori Childers, NMLS#527486, today for fast, personal, residential mortgage solutions at (703) 289-5976.
*Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of January 26, 2018, offered for a limited time and subject to change without notice. Example based on $200,000 loan. Other restrictions apply. The rate is fixed for the first six years, after which, your rate changes (higher or lower) every five years based on the current five year US Treasury rate at the time, plus a 1.75% margin. Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.
Investment properties not eligible for offer.
6/5 ARMs: Offers available for purchases and refinances. Initial rate at time of closing is fixed for the first six years, after which the rate will changes every five years (higher or lower) based on the existing five-year U.S. Treasury rate at the time, plus a 1.75% margin.
For purchase applications, please submit a copy of your fully signed ratified purchase agreement with your application in a timely manner to ensure John Marshall Bank can meet your closing date.
The applicant is responsible for the following fees and costs at the time of closing. Appraisal fee, tax service fee, settlement fees, title fees, transfer tax fees, flood cert fee, recording fee, survey if required, and interest due until first payment. Other costs may be included due to specific loan circumstances. This is not intended to be an all-inclusive list.
Restrictions apply to existing John Marshall Bank mortgage borrowers. Other restrictions may apply. Contact the John Marshall Bank consumer mortgage consultant for any applicable additional restrictions and details about your loan.
Member FDIC. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.