Start with a Lower Mortgage Payment
Adjustable Rate Mortgage (ARM)
Our Adjustable Rate Mortgage has a lower principal and interest payment the first 7 years, then adjusts each subsequent year.
Lower Initial Payment
Start out with a lower fixed principle and interest payment for the first 5, 7, or 10 years of owning your home.
ARMs offer lower early payments than fixed-rate mortgages. If you're planning on owning your home for less than 10 years, consider an ARM as an option.
Save on Closing Costs
On average, home buyers and sellers earn $1,650** when using an agent through Citadel’s HomeAdvantage Network.
Featured Mortgage Rates
*Offers are subject to credit approval. REG = Regular Rate. APR = Annual Percentage Rate. Read Full Disclosures.
- Free pre-approval – Get your financing approved before you buy, so you know exactly how much you can spend. Get pre-qualified.
- Free prepayment – We do not charge penalties if you want to pay off your mortgage early.
- Servicing by Citadel – Citadel will be your mortgage servicer. You’ll make payments to Citadel, and we’ll be your point of contact for any questions you may have.
- First-time homebuyer support – From start to finish, we’ll walk you through everything you need to know. We offer mortgage loans for first-time buyers with as little as 3% down. We can also connect you with local and federal grant programs designed to assist with your down payment and closing costs.
- Title insurance – Citadel can help you obtain title insurance and other title-related services. Learn more.
- Low closing costs
- Online & Mobile Banking – Make payments and manage your loan account. Learn more.
Ready to speak with a representative about a Adjustable Rate Mortgage?Schedule Appointment
Introducing Citadel Video Connect
We've introduced a new way to bank, making it easier than ever to chat face-to-face with a local Citadel team member. The best part? You can connect with us safely and securely from anywhere — with just a few clicks on your laptop, desktop computer, or your mobile device. Learn more.
Contact a Consultant
Not sure yet? No problem. Our Loan Specialists will help answer your questions and walk you through every step of the loan process.
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Frequently Asked Questions
Fixed Rate mortgages are the best product if you plan on living in the home for the next fifteen to thirty years and want the same principal and interest payment.
ARMS are the best product to keep payments lower for the fixed term. You can prepay at any time without penalty and shorten the term of your mortgage. If you won't be living in this home more than 10 years you may want to consider an ARM.
Interest rates can go up or down after the initial set term. Your rate can never be higher than 2% over your last rate or last adjustment and can never be higher than 5% over your initial rate.
Points can be purchased to lower the interest rate over the life of a mortgage. Points are based on the percentage of the amount borrowed. With a $100,000 mortgage, for example, 1 point is equal to 1% of $100,000, or $1,000.
Yes, we offer products that closing costs can be included in the loan.
To dispute an error with your Mortgage account or statement, please complete the Mortgage Error Resolution form. Once you complete the form please mail back to us at:
Attn: Mortgage Error Resolution
520 Eagleview Blvd
Exton, Pa 19341
You may also scan the form and email it to: MtgErrorandInfo@CitadelBanking.com.
Still have questions? Visit our help center.
*Agreements and Disclosures
Citadel is an Equal Housing Lender.
Fixed Rate Mortgage Terms
Rate expressed as Annual Percentage Rate (APR), and is subject to change without notice. Offer can be withdrawn at any time. APR shown is for first-lien position loans up to 95% Loan-To-Value (LTV) on single-family owner-occupied properties in PA, NJ, MD, and DE. Various APRs and terms are available. Loans will require borrower to purchase title insurance and appraisal. Lender fees will apply. LTVs above 80% must escrow taxes. LTVs below 80% may escrow taxes at request of homeowner. Offer is subject to credit approval, income verification and appraisal. Existing mortgage loans must be current and have no late payments in the last 12 consecutive months. Property insurance is required. If the collateral is determined to be in an area that has special flood areas, flood insurance will be required as well. Properties currently listed for sale are not eligible. Property cannot be a co-op or mobile home. Other restrictions apply on cash-out mortgage loans. Rate as of .
Adjustable Rate Mortgage (ARM)
An Adjustable Rate Mortgage (ARM) means that your payment may change in the future. Citadel ARM mortgages have a fixed rate for a period of time, then rates can adjust annually. The fixed rate period varies based on the ARM loan you select and is shown right in the name of the ARM loan. Citadel offers three ARM loans: a 5/1 ARM, 7/1 ARM, and 10/1 ARM. The ARM numbers, “5/1”, show how long the initial fixed rate lasts and how often the rate can change afterward.
• A 5/1 ARM has a fixed interest rate until the 60th month (5 years) and can change every 12 months (1 year) after.
• A 7/1 ARM has a fixed interest rate until the 84th month (7 years) and can change every 12 months (1 year) after.
• A 10/1 ARM has a fixed interest rate until the 120th month (10 years) and can change every 12 months (1 year) after.
How is my rate calculated?
The initial fixed interest rate is based on interest rate, loan amount, and total term of the loan when your loan is closed. This is the discounted rate and lasts for 5, 7, or 10 years depending on the ARM loan selected. The Adjustable Interest Rate is based on an interest rate index plus a margin. All of our Citadel ARM mortgage interest rates are based on the 1 Year UST CM (weekly), rounded to the nearest 0.125% (currently 0.08). More information about this index is available at www.federalreserve.gov/releases/h15. Our current margin is 2.5%.
How can my Interest Rate change?
Your interest rate can adjust when the initial fixed interest rate period ends, and every 12 months thereafter. Your interest rate will never increase or decrease more than 2 percentage points at any rate adjustment or 5% over the life of the loan. Your interest rate will never increase more than 5 percentage points over the initial discounted rate or be lower than 2.500%.
**Cash Rewards are awarded through the HomeAdvantage program to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers or sellers are not eligible for Cash Rewards if they use an agent outside this network. Cash Rewards amounts are dependent on the commissions paid to the HomeAdvantage network agent. The $1,650 is based on a purchase price of $275,000 and realtors commissions of 3%. Every transaction is dependent on sales price and corresponding realtors commissions. Obtaining a mortgage or use of any specific lending institution is not a requirement to earn Cash Rewards. If you are obtaining a mortgage, your lender may have specific rules on how Cash Rewards can be paid out. Cash Rewards are available in most states; however, are void where prohibited by law or by the lender. Please consult with your lender for details that may affect you.