Go further, from the start.
5/1 Adjustable-Rate Mortgage (ARM)†
5.50% Interest Rate | 6.380% APR‡
5.50% for 60 months, 7.50% for 300 months*
A 5/1 ARM offers a fixed interest rate for the first five years, followed by an adjustable rate that may change once per year.
With a lower initial rate, it could be a smart option for buyers who plan to move, refinance, or pay down their mortgage before the adjustable period begins.
Why consider a 5/1 ARM?
- Lower initial rate and monthly payment
- Five years of predictable payments
- More purchasing flexibility upfront
- A potential fit for shorter-term financing plans
Click the button below or reach out to one of our lenders to learn more.
Ingrid Mahoney
Senior Vice President, Residential Lending
Ingrid oversees our Residential Lending division with over 30 years of experience. She joined the Bank in 2010 and enjoys helping customers make their housing dreams a reality. She is an active member of the Medford Chamber of Commerce. NMLS #463260
Ira Camp
Vice President, Mortgage Loan Originator
Ira brings over 20 years of experience in residential mortgage lending. He is passionate about helping individuals and families navigate the homebuying and homebuilding process with confidence, understanding the significance of such an important financial decision. His approach is centered on identifying the mortgage solution that best fits each borrower’s needs while ensuring a smooth and timely closing experience. Ira volunteers his time to multiple community organizations. NMLS #374801
The payments do not include taxes and insurance premiums and the actual payment will be greater.
*The interest rate and payments are based on the current index. Changes in the index may cause the interest rate to vary and payments may increase.
†Maximum loan amount $3,000,000. A 5/1 product is an adjustable rate mortgage with the initial interest rate fixed for the first 5 years, and an interest rate that adjusts annually thereafter based upon changes in the index and rate or payment may increase.
‡Annual Percentage Rate (APR) based on 20% down payment. Initial Annual Percentage Rates (APR’s) are accurate as of 8/18/26 3:00 PM and may increase after consummation. Property must be a 1-4 family owner occupied dwelling in Massachusetts. Property insurance is required and flood insurance may be required. Restrictions apply for maximum loan-to-value ratio, debt ratio, and other credit underwriting factors. Subject to credit approval. Other rate and term options available for loans secured by rental properties, second homes, cash-out refinances, and other geographical locations.