5/1 Premier ARM
5/1 Premier ARM (Adjustable-Rate Mortgage)
A smart, flexible mortgage option for today — with exclusive savings when you auto-debit from your Bank Independent account.
Why Choose a 5/1 ARM?
A 5/1 ARM (Adjustable-Rate Mortgage) offers the stability of a fixed rate for the first 5 years, followed by annual adjustments to reflect market conditions.
This Can Be A Great Option If You
- Plan to move or refinance within 5–7 years
- Want a competitive fixed-rate mortgage
- Need predictable payments now with flexibility later
Benefits
- Lower initial monthly payments
- Convenient auto-debit – never miss a due date
- Local service and decision-making from Bank Independent
Special Rate: 6.50% (7.303% APR)
Loan details for 5/1 Premier ARM (Adjustable-Rate Mortgage): The Following monthly payments are based on a loan amount of $100,000 with an initial rate of 6.50% (7.303% APR) for 60 months. This initial rate includes the automatic payment discount.
| Number Of Payments | Estimated Interest Rate | Estimated Monthly Payments |
| 60 | 6.50% | $669.01 |
| 299 | 7.5% | $732.24 |
| 1 | 7.5% | $730.13 |
Payments do not include taxes and insurance, and your actual payment obligations will be greater. This cannot be in the footnotes, it is required to be below or above the payment details we have provided.
Available Only When: You set up automatic payment from your Bank Independent account.
Your 5/1 Premier ARM (Adjustable-Rate Mortgage) will consist of a fixed rate period of 5 years (60 months), and an adjustable-rate period of 25 years (300 months). During the adjustable-rate period, your interest rate is subject to change annually.
You may qualify for an interest rate discount of 0.25% during the fixed rate period on your 5/1 Premier ARM loan when you enroll in automatic debit payments from a Bank Independent account. Your loan payment must be automatically debited each month from an eligible Bank Independent account. The rate discount will be lost if your loan becomes 15 days past due or if you cancel your auto-debit arrangement at any time.
If the interest rate discount is lost during the fixed rate period of the loan, the interest rate on the Note will increase by 0.25% due to the loss of the discount.
During the adjustable-rate period, the 5/1 Premier ARM will be priced at the standard pricing as long as you remain enrolled in the automatic debit program and comply with all terms.
If at any time during the adjustable-rate period, the automatic debit is discontinued or your loan becomes 15 days past due, the interest rate on your loan will increase by 1% for the remainder of the loan term.
Your monthly payment may also increase to correspond with any increase in the interest rate during the fixed rate or adjustable-rate period.
The Interest rates used in the payment example are the rates that are in effect on 8.20.2025 and are subject to change at any time.
This offer is exclusive to the 5/1 and 7/1 Premier ARM loans. All standard fees and terms apply.
Subject to credit approval. Bank Independent reserves the right to end this program at any time.
You may qualify for an interest rate discount of 0.25% during the fixed rate period on your 5/1 Premier ARM loan when you enroll in automatic debit payments from a Bank Independent account. Your loan payment must be automatically debited each month from an eligible Bank Independent account. The rate discount will be lost if your loan becomes 15 days past due or if you cancel your auto-debit arrangement at any time.
If the interest rate discount is lost during the fixed rate period of the loan, the interest rate on the Note will increase by 0.25% due to the loss of the discount.
During the adjustable-rate period, the 5/1 Premier ARM will be priced at the standard pricing as long as you remain enrolled in the automatic debit program and comply with all terms.
If at any time during the adjustable-rate period, the automatic debit is discontinued or your loan becomes 15 days past due, the interest rate on your loan will increase by 1% for the remainder of the loan term.
Your monthly payment may also increase to correspond with any increase in the interest rate during the fixed rate or adjustable-rate period.
The Interest rates used in the payment example are the rates that are in effect on 8.20.2025 and are subject to change at any time.
This offer is exclusive to the 5/1 and 7/1 Premier ARM loans. All standard fees and terms apply.
Subject to credit approval. Bank Independent reserves the right to end this program at any time.