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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Adjustable-Rate Loans

Lock in for a low-rate initial term, a mortgage strategy worth exploring if you plan to relocate in less than 10 years.

The best mortgage rates for the short term

If you think you might move within 10 years or want lower monthly payments upfront, consider a 5/1 adjustable-rate mortgage (ARM). You'll lock in a low fixed interest rate for the first five years, along with fixed payments. 

Once the fixed term expires, the rates adjust every year. (That’s the “one” in 5/1.) The variable rate allows for a longer repayment period than with a fixed-rate mortgage, which could result in a lower monthly payment. 

Features & Benefits

  • Lower initial rate than fixed-rate mortgage loan
  • Interest rates rise and fall with the Prime index after initial term
  • Rate and payment could increase (or decrease) with market changes
  • Free prequalification

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Financial Resources

Access to security tools, CD calculators and more at your fingertips. View Resources

Subject to credit and underwriting approval.

Available in the German American Bank markets in Indiana and Kentucky.