A 5/1 ARM, Built for What’s Next
Why This Account
Works Harder for You
Flat Rate That Follows the Fed
Your APY updates whenever the Federal Reserve changes its rate. No confusing tiers.
To get started with an account at Claremont Savings Bank, all you need to have ready is your basic information, including SSN, driver's license, and an account to fund your opening deposit.
Open YourAccount
in Just Minutes
Open Your Account in Just Minutes
Still Have Questions?
Let's Clear Things Up.
How is an adjustable-rate mortgage different from a fixed-rate mortgage?
A fixed-rate mortgage has the same interest rate for the life of the loan, which means your monthly principal and interest payments stay consistent. An adjustable-rate mortgage, or ARM, starts with a fixed rate for a set period and then adjusts periodically based on the market. ARMs often have lower initial rates, which can help reduce payments early on.
Will I know how much my payment could change in the future?
Yes. Before you close on an adjustable-rate mortgage, your lender will provide a clear outline of how the rate could adjust over time, including limits on how much it can increase. You will also receive estimates showing how your monthly payments could change in different rate scenarios. This helps you plan ahead and make a confident decision.
What support will I get through the loan process?
Buying your first home can feel overwhelming, but you won’t be doing it alone. Our local mortgage team is here to answer your questions, guide you through the paperwork, and keep things moving. From your first application to closing day, you’ll get honest advice and dependable service every step of the way.
Locally Owned
Headquartered in Claremont, NH
From our founding in Claremont, New Hampshire in 1907 to our expansion to West Lebanon, New Hampshire in 2021, we’ve grown and changed alongside the communities we serve.
Not Ready to Open an Account?
Let’s Stay Connected.
Start out with lower monthly house payments with
an Adjustable-Rate Mortgage. Our 5/1 ARM gives you room to grow, move, or refinance with confidence.
Stay Connected!
Phone: 800-992-0316
Routing: 211770190
Featured in Forbes and Fortune magazine as one of New Hampshire's Best in Banking (2024)
5-Star rated by Bauer Financial
No Monthly Fees
Only $25 to Open
Online Access
FDIC Insured
No maintenance fees and no surprises.
Start your savings journey with just twenty-five dollars.
Manage your account anytime, anywhere from your phone or computer.
Your money is protected up to two hundred fifty thousand dollars per depositor.
Since 2003, the Claremont Savings Bank Foundation has proudly invested over $2.7 million in our communities.
Supporting Locally Owned
Showing We Care
Frequently Asked
Questions, Answered
More Flexibility.
More Confidence.
Our 5/1 Adjustable-Rate Mortgage is built for people planning ahead. You will enjoy a lower fixed rate for the first five years. After that, your rate adjusts annually based on market conditions with built-in rate caps to protect you.
This can be a smart choice if you expect life or financial changes in the next few years and want to keep more money in your pocket now.
*APR=Annual Percentage Rate effective June 2, 2025, and may change based on market conditions and borrower eligibility. Subject to credit approval. Offer available for purchase or refinance on June 2, 2025. Must be primary residence. Property insurance required. The minimum approved loan amount is $5,000.00. The maximum approved loan amount is $806,500.00. Your interest rate under this ARM can change after 60 month(s) and every 12 months thereafter. Your interest rate cannot increase or decrease more than 2.000 percentage points at first adjustment and 2.000 percentage points per subsequent adjustment from the initial interest rate excluding any buydown. Your interest rate will never be greater than 6.000 percentage points above the initial interest rate or lower than 5.00%. The interest rate change on this ARM will be based on an interest rate index (referred to in this disclosure as the “Index.”) The Index is US 1 Year Treasury Yield. Information about the index is available in the Federal Reserve Statistical Release H-15 (www.federalreserve.gov/releases/h15). Your initial monthly payment of principal and interest will be determined based on the interest rate, loan term, and balance when your loan is closed. Your payment will be set to amortize the loan over a period of 360 payments. Payments do not include applicable taxes and insurance. Actual obligation will be greater. Interest rate is calculated based upon a purchase of $100,000.00 loan amount and an 79.99% Loan-to-Value (LTV) using typical Claremont Savings Bank closing costs. Payment example would be $583.57 with an interest rate of 5.75%. Other conditions apply.
- You are a first-time buyer or a growing family.
- Expect interest rates to go down in the future.
- Want an initial monthly payment lower than most fixed-rate loans.
- Plan to move or sell your home before the end of the introductory rate period.
Choosing an ARM can be a huge financial benefit if:
Equal Housing Lender
NMLS# 418469
Limited-Time Offer
5.875%
Interest Rate
with auto-payment from a CSB account
APR*
6.403%
|