Katahdin Trust Company

Adjustable Rate Mortgage

Adjustable Rate Mortgage (ARM)

Excellent choice for those who plan to keep their home for a short period of time or who predict that their income will grow. Also suitable during higher interest rate environments.

  • Competitive market rates
  • Low down payment options
  • Fast decision time
  • No prepayment penalties

Flexible Options

  • Variety of terms
  • Automatic monthly payments1
  • Rate buy-down options
  • Mortgage Life and Disability Insurance and Secure 12 available
  • Escrow account for taxes and insurance available
  • Minimum loan amount is $2,800

As mortgage rates are subject to change frequently we ask that you please contact us for current rate information.

 

1Enjoy the convenience and security of knowing that your mortgage payment will always be on time with our automatic payment option. We'll automatically pay your mortgage from your checking account every month for you, no checks to write! As an added bonus, you qualify for a  VIP interest bearing checking account with no monthly service fee and no minimum balance requirement when you set-up an automatic payment of your Katahdin Trust Company mortgage from your VIP Checking Account.
Subject to credit approval.

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