Informational :  All Partners 1st offices will be closed on Monday, May 27, in observance of Memorial Day. You can still access your accounts using 1st Online home banking, the Partners 1st mobile app, or at your nearest ATM.

5/5 Adjustable Rate Mortgage

What is a 5/5 Adjustable Rate Mortgage?

Our 5/5 adjustable rate mortgage, or ARM, is a 30-year mortgage that starts with a low fixed rate for 5 years. Thereafter, the rate may increase/decrease no more than 2% every 5 years.

Why Choose an ARM?

An ARM will typically have a lower starting rate than a fixed rate mortgage. This can help you get the smallest possible monthly payment at the start of your loan.

Partners 1st 5/5 ARM Benefits
• Available for purchasing a new home or refinancing a current mortgage
• Lower starting rate than fixed-rate mortgages
• Loans up to 95% of home value
• 2% maximum increase/decrease at each adjustment
• 5% maximum adjustment over life of loan

Contact our mortgage department at 800.728.8943 or 260.471.8336 or email to get started.


Primary residence max LTV 95%/secondary residence 80%. Cash-out refi max 75% LTV. Credit score of 680 or higher required. Initial rate equal to FHLMC 30-year fixed rate minus 1%. Floor rate of 2.75%. Price future adjustment to 5 year T-bill constant maturity. Margin 2.5%. Max increase/decrease of 2% at each adjustment date. Max life of loan adjustment 5%. No point buy-down option.