Adjustable Rate Mortgage

An adjustable rate mortgage* (ARM) is a loan where the interest rate and monthly principal and interest (P&I) payments will adjust periodically.  Loans are available in a variety of terms and typically include interest rate caps that set a limit on how high your interest rate can go.


  • ARMs typically have a lower initial interest rate
  • The interest rate cap limits the maximum amount of your principal + interest payment may increase at each interest rate adjustment and over the life of the loan
  • May provide flexibility if you expect future income growth or if you plan to move or refinance within a few years


  • Monthly principal and interest payments may increase when the interest rate adjusts
  • Your monthly principal and interest payments may change every year after an initial fixed period is over

For more information or to apply for a loan, schedule an appointment with an AuburnBank Mortgage Originator today. 

*All loans are based on approved credit.
*Account disclosures are provided at application.

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  • AuburnBank Tiger Town-Kroger Branch is Relocating!

    Our new full service branch will be located at 1851 Frederick Rd. Opelika, AL (near Lowe’s) and will open on Monday, August 14, 2017.

    This current location will close at 2:00 p.m.on Friday, August 11, 2017.

    We appreciate your business and look forward to serving you at our new location.