Fixed Adjustable Rate Mortgages

  • Interest rate may change during the life of the loan.

  • Monthly payments may increase or decrease based on interest rate changes.

This may make the difference in being able to afford your first home or upgrade to a bigger home. Don't give 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
40-Year 5/5230 5 35 Every 5 Years
30-Year 10/10 10 20 Every 10 Years
40-Year 10/10230 10 30 Every 10 Years

40-Year Mortgage Loans

Achieve your goal of homeownership with lower monthly payments.

Learn More

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:

  • Think interest rates may go down in the future

  • Want an initial monthly payment lower than a fixed rate product typically offers

  • May move before the end of the initial fixed rate period

  • Are not concerned with interest rate changes

How much home can I afford?

Fixed/Adjustable Movable Mortgages

APRs are based on a loan amount of $550,000.

Rates are valid as of and are subject to change.

Term in Years Discount Points Interest Rate APR Payment per $1,000 Disclaimers
5/530 Years 0.000% 6.875% 6.692% $6.57 CC, DD, EE, FF, S
1.000% 6.625% 6.689% $6.40
5/540 Years 0.000% 7% 6.711% $6.21 CC, DD, EE, FF, FFF, S
1.000% 6.75% 6.707% $6.03
7/2330 Years 0.000% 7.75% 7.794% $7.16 CC, DD, EE, FF, S
1.000% 7.5% 7.762% $6.99
10/1030 Years 0.000% 7.75% 7.396% $7.16 CC, DD, EE, FF, S
1.000% 7.5% 7.325% $6.99
10/1040 Years 0.000% 7.875% 7.378% $6.86 CC, DD, EE, FF, FFF, S
1.000% 7.625% 7.311% $6.67