If you don't qualify for conventional financing because of your plans or circumstances, don't be discouraged. Geauga Savings Bank designed its non-conforming home loan program with customers' special circumstances in mind. With our non-conforming adjustable rate mortgages (ARMs), you lock in a lower interest rate for first 1, 2, 3, 5 or 8 years. ARMs are a smart choice when rates are high, or if you plan on selling your home during the lock-in period of your loan term.

Loan features and benefits:

• A lower rate locked in for the first 1, 2, 3, 5 or 8 years of the loan
• After the lock-in period, 1-year and 2-year ARMs adjust annually; and 3-year, 5-year and 8-year ARMs adjust every 3 years. Rate adjustments are based on the U.S. Treasury rate index .
• 1 Year ARM disclosure
• 3 Year ARM disclosure
• Cap limits on rate increases
• Available to individuals who are self-employed or who have less-than-perfect credit
• Available for non-income verification loans
• Available for unusual properties, including working farms, properties with excess acreage, properties with outside structures, and non-electrified homes
• Borrow up to 95% of the value of your property with mortgage insurance
• No private mortgage insurance with 20% down
• Pre-approvals at no cost or obligation
• Closings typically within two weeks of approval