Fixed/Adjustable Mortgages

Fixed/Adjustable Mortgages

These loans offer a low rate that stays fixed for five to ten years, then converts to an adjustable rate. This may make the difference in being able to afford your first home or upgrade to a bigger home, without giving up the security of a fixed payment during the first years of the mortgage.
We’re here to answer your questions and help you understand your options. Call (800) 632-4600, option 1-2703.
Mortgage Period of Fixed Rate Period of Adj. Rate Adjustment Frequency
7/23 7 23 Every 12 Months
5/5 5 25 Every 5 Years
10/10/10 10 20 Every 10 Years


  • Interest rate may change during the life of the loan
  • Monthly payments may increase or decrease based on interest rate changes
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Monthly payments that can increase or decrease when rates move up or down

ARMs or Adjustable Rate Mortgages have an interest rate that may change during the life of the loan and can impact your monthly principle and interest payment. ARMs from Provident come in different fixed rate periods and how often the rate may change. For example, our 5/5 product will have a fixed rate for the first 5 years of the loan and then adjust every 5 years thereafter. 

ARMS are the perfect fit for borrowers who:

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