A man lifting a woman in a room with moving boxes

Adjustable-Rate Mortgage

Adjustable-Rate Mortgage (ARM) loans have interest rates that change during the life of the loan. ENB offers ARMs with an initial interest rate that’s fixed for a period of 3, 5, 7, or 10 years. After the fixed-rate period expires, the interest rate adjusts every 6 months. For example – our 5/6m ARM will have a fixed rate for the first 5 years. It will then adjust every 6 months for the remaining 25 years of the mortgage. This is a great option for borrowers planning to stay in their home less than the fixed-rate period as that rate is typically lower than a fixed-rate mortgage.

  • 3/6m, 5/6m, 7/6m and 10/6m options available
  • Down payment options as low as 5%
  • Local underwriting on select products

Conforming Mortgage Rates

Type
Rate
Term
Monthly Payment / $10,000*
APR1 (based on $350,000, 25% down)
Minimum Down
Time Initial Rate is Fixed
Adjustment After Initial Period
First Adjusted Interest Rate
Max Lifetime Cap
Type: 30 Yr. Fixed Rate
Rate: 6.875%
Term: 30 Yr.
Monthly Payment / $10,000*: $65.69
APR1 (based on $350,000, 25% down): 6.914%
Minimum Down: 5%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 15 Yr. Fixed Rate
Rate: 5.99%
Term: 15 Yr.
Monthly Payment / $10,000*: $84.33
APR1 (based on $350,000, 25% down): 6.131%
Minimum Down: 5%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 3/6m SOFR ARM**
Rate: 6.750%
Term: 30 Yr.
Monthly Payment / $10,000*: $64.86
APR1 (based on $350,000, 25% down): 7.258%
Minimum Down: 5%
Time Initial Rate is Fixed: 3 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 12.750%
Type: 5/6m SOFR ARM**
Rate: 6.990%
Term: 30 Yr.
Monthly Payment / $10,000*: $66.46
APR1 (based on $350,000, 25% down): 7.284%
Minimum Down: 5%
Time Initial Rate is Fixed: 5 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 11.990%
Type: 7/6m SOFR ARM**
Rate: 7.375%
Term: 30 Yr.
Monthly Payment / $10,000*: $69.07
APR1 (based on $350,000, 25% down): 7.460%
Minimum Down: 5%
Time Initial Rate is Fixed: 7 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 12.375%

Jumbo Mortgage Rates

Type
Rate
Term
Monthly Payment / $10,000*
APR1 (based on $850,000, 25% down)
Minimum Down
Time Initial Rate is Fixed
Adjustment After Initial Period
First Adjusted Interest Rate
Max Lifetime Cap
Type: 30 Yr. Fixed Rate
Rate: 9.125%
Term: 30 Yr.
Monthly Payment / $10,000*: $81.36
APR1 (based on $850,000, 25% down): 9.258%
Minimum Down: 20%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 15 Yr. Fixed Rate
Rate: 7.375%
Term: 15 Yr.
Monthly Payment / $10,000*: $91.99
APR1 (based on $850,000, 25% down): 7.566%
Minimum Down: 20%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 3/6m SOFR ARM**
Rate: 6.750%
Term: 30 Yr.
Monthly Payment / $10,000*: $64.86
APR1 (based on $850,000, 25% down): 7.234%
Minimum Down: 10%
Time Initial Rate is Fixed: 3 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 12.750%
Type: 5/6m SOFR ARM**
Rate: 6.990%
Term: 30 Yr.
Monthly Payment / $10,000*: $66.46
APR1 (based on $850,000, 25% down): 7.261%
Minimum Down: 10%
Time Initial Rate is Fixed: 5 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 11.990%
Type: 7/6m SOFR ARM**
Rate: 7.375%
Term: 30 Yr.
Monthly Payment / $10,000*: $69.07
APR1 (based on $850,000, 25% down): 7.436%
Minimum Down: 10%
Time Initial Rate is Fixed: 7 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 12.375%

Related Insights

Pulling Back the Curtain on Mortgage Appraisals
Read more >
What to Expect During the Mortgage Application Process
Read more >
How Do I Get Started Buying My First Home?
Read more >
Contact us and we’ll answer your questions.

1APR= Annual Percentage Rate; Effective June 16 , 2025 45 day rate lock period, a minimum credit score of 740 and Loan to Value (LTV) ratio of 75% to purchase a 1 unit owner occupied, single family dwelling. Rates are subject to change without notice. Rates, points (quoted rates may include up to 3 discount points) and APR will vary based on loan amount, credit score, lock period, LTV, property type, loan type and loan purpose. Loans with LTV ratios above 80% may have higher APRs and will require Private Mortgage Insurance (PMI). Homeowner insurance required. Flood insurance may be required. Fees could range from $500 to $1,500 and include a credit report, appraisal, lien search, flood search, recording and satisfaction fees. Subject to credit approval.  *Any projected payments do not include amounts for taxes and insurance premiums; if applicable, the actual payment obligation will be greater.  **ARM =Adjustable Rate Mortgage; The APR, interest rate and principal and interest payment for ARM loans are subject to increase and will change after the initial period due to market-driven changes to the index. The ARM rate index is the 30-Day average of the Secured Overnight Financing Rate (SOFR). Ephrata National Bank, Member FDIC. Equal Housing Lender.