Field & Main Bank

Adjustable Rate Loans

Home loans with rates that adjust throughout the entirety of the term.

An adjustable rate mortgage (ARM) is a home loan with an interest rate that adjusts on a predetermined basis. Most ARMs begin with a fixed rate for a certain period of time and then adjust up or down according to the index on which it is based, after the fixed period expires. An ARM typically includes several kinds of caps that control how your interest rate can adjust initially, subsequently and over the lifetime of your loan. Rates may rise or fall after the initial period.


An adjustable rate mortgage has:

  • Lower interest rates from the start that may rise or fall after the initial period.
  • A variety of term lengths to choose from.
  • Access to quick, local decisions.
  • Access to rates and applications online.
Fixed-Rate Loans

Lock in your interest rate so your payments stay the same for the entire life of the loan

Fixed-Rate Loans
Government Guaranteed Loans

Affordable home loans for first-time home-buyers and people with lower credit scores.

Government Guaranteed Loans