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    • Percent Sign in Circle

      Generally offers lower initial rate than fixed rate products

    • Hand Holding Dollar Sign

      Lower initial monthly payments than fixed rate options

    • Arrows

      Adjustable rate mortgage with multiple repayment terms

    • Clock

      After fixed rate period, rate may adjust annually

  • For the Home of Your Dreams:

    A Jumbo Adjustable Rate Mortgage from FNB can provide a flexible way to finance your new home or refinance your existing mortgage.1,2 Whether you are looking for the generally lower initial payment afforded by this type of mortgage or the flexibility for your rate to go down in a falling-rate environment, talk with our mortgage experts to see if this is the right option for you. With a jumbo fixed rate mortgage, you also have the added convenience of larger borrowing amounts3 and the flexibility of personalized underwriting.3

    Key Features:

    • Flexible underwriting for customers with complex assets or income structures
    • Adjustable rate mortgage with multiple repayment terms
    • After the fixed rate period, all of our adjustable rate mortgages can adjust every year.

    Key Benefits:

    • These types of mortgages typically offer lower initial rates and monthly payments than fixed rate mortgages.
    • Competitive interest rates
    • Interest may be tax deductible.4
    • Available for primary and secondary/vacation homes

    Important Considerations:

    • After the fixed rate period, your interest rate can go up or down each year.

    Great For:

    • Home buyers who anticipate moving or refinancing before the expiration of the fixed rate period
    • Home buyers who expect their income to increase over time
    • Home buyers who anticipate rates may go down after their fixed rate period
    • Home purchases
    • Refinancing to reduce rate or term
    • Cash-out refinancing
    • New construction
    • Renovations
  • Applying for a Jumbo Adjustable Rate Mortgage:

    Whether you would like to get pre-qualified or begin the application process, we have convenient ways for you to get started. You can begin by adding this product to your bag. During the checkout process you can select the option to get started online or set up a time to meet with one of our experts.

    Getting Prepared:

    It is helpful if you have the following documents with you during the application process:

    • Fully executed purchase agreement, if available
    • Most recent 30 days of pay stubs
    • Most recent two (2) months of bank statements
    • Prior two (2) years of your W2s
    • Prior two (2) years of tax returns
    • Current driver’s license or photo ID

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Notices & Disclosures

1 - FNB is an Equal Housing Lender; NMLS #766529.
2 - All loan products are subject to underwriting/credit approval. 
3 - Generally, loans above $484,350 require a jumbo mortgage; this amount varies by county and is determined by the Federal Housing Finance Agency.Redirect icon
4 - Interest may be deductible; check with your tax advisor.

Redirect icon - For your convenience, First National Bank (FNB) provides links to third party service providers. By clicking this link you agree to leave FNB’s website and will be routed to a third party site outside the control of FNB. FNB does not provide, and is not responsible for, the products, services, or overall website content available at a third-party site. FNB does not endorse or guarantee the product, information or service on any third party’s website. FNB’s privacy policy does not apply to the linked website; we encourage you to read and evaluate the privacy and security policies of the site you are entering.

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