As a business owner, you have more important things to do with your time than write checks. Enjoy the convenience of Arundel Federal’s Business online bill pay feature. Pay your bills, manage your money and spend more of your time growing your business. We’ll handle the banking.
A transaction business checking account designed for a small business.
Miscellaneous fees apply. Please refer to our current Business Fee Schedule located under Tools and Resources.
Consider an Adjustable Rate Mortgage (ARM) if beginning with a lower monthly mortgage payment is what you need. An Adjustable Rate Mortgage loan generally offers you an attractive interest rate for the first several years of your loan, then will adjust annually for the remainder of your loan term. Adjustable Rate Mortgage Loans are available for a new home loan purchase or a mortgage refinance. View today's Adjustable Rate Mortgage rates below.
| Program Name | Rate | Points | Annual Percentage Rate | Monthly Payment per $1,000 Borrowed^ | Actions |
|---|---|---|---|---|---|
| 7/1 ARM years 1-7* | 6.000% | 0.00% | 6.105% | $6.00 | |
| yrs. 8-30 | $6.06 | ||||
| 5/1 ARM years 1-5* | 5.875% | 0.00% | 6.071% | $5.92 | |
| yrs. 6-30 | $6.06 |
Interest rates and terms are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan to value, term, credit score, and other variables. Please call for details.
*ARMs are variable rate loans and the interest rates and payments may increase after consummation. ARM interest rates will adjust after the initial fixed period (10/1 ARM- 120 months; 7/1 ARM - 84 months; 5/1 ARM - 60 months) and are based on the U.S. Treasury’s One (1) Year Treasury Constant Maturity Index as published by the Federal Reserve Board plus a margin of 2.50%. The interest rate for the 5/1 ARM will not increase or decrease more than 2% at each rate and payment reset period. The interest rate for the 7/1 ARM and 10/1 ARM will not increase or decrease more than 5% at the first rate and payment reset and not more than 2% at each rate and payment reset period thereafter. All ARM interest rates will not increase or decrease more than 5% over the term of the loan. All ARMs are based on a 30-year term and amortization.
^ Payments do not include amount for taxes and insurance premiums if applicable and the actual payment obligation will be higher.