Jumbo Adjustable Rate Mortgages

1-4 Family Owner Occupied Residential Loans from $417,001 up to $2,000,000.

The Provident Bank offers Jumbo Mortgage Loans at low conventional rates. Adjustable jumbo mortgage loans without the jumbo rate! Competitive rates for loan requests up to $2,000,000.

It's local, it's fast, it's at The Provident Bank!

The following rates are our Jumbo Adjustable Rates:

If you are purchasing a new home, please review our Pre-Approval program. If you are purchasing your first home, please review our First Time Home Buyer program.


Rates as of Friday, August 11, 2017

PointsInterest RateAPRPayment per $1,000Fully Indexed RatePaymentsApply
5 to 1 Jumbo ARM Purchase / Refinance - Caps 2% / 6%
30 Year Term; 5 year fixed to 1 year adjustable
7 to 1 Jumbo ARM Purchase / Refinance - Caps 2% / 6%
30 Year Term; 7 year fixed to 1 year adjustable

  • Minimum Jumbo loan balance of $417,001 based on Essex county in Massachusetts and Rockingham county in New Hampshire; other limits may apply for other counties.
  • The contract rates will remain fixed until the first adjustment date and are subject to increase or decrease after consumation. Adjustments based on the 1 year US Treasury weekly constant plus a 2.75% margin.
  • Annual Percentage Rates (APR) are based on a $417,001 loan amount, 80% loan-to-value, 720 credit score, purchase or refinance with no cash out, single-family, owner-occupied property.
  • Other loan programs are available. Maximum loan-to-value may differ based on loan amount, credit score and property type.  
  • Payment per $1,000 represents the monthly payment during the initial fixed term based on a $1,000 loan at the initial rate for a 30 year term. These payments do not include taxes and insurance. Your actual payment will be greater.
  • At the adjustment which could be in 5 or 7 years depending on product, the maximum increase could be 2%, with a maximum of 6% over the life of the loan. Maximum APR 18%.
  • The caps are the maximum interest rate changes for each adjustment and for the life of the loan.
  • Subject to credit approval. Normal underwriting terms and conditions apply.
  • Rates subject to change without notice.

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