* Example loan scenario: The monthly principal and interest payment on a $400,000 loan with a 10% down payment ($40,000) on a 5-Year Adjustable-Rate Mortgage (ARM) would be $2,279.41 during the initial five-year fixed-rate period, based on an initial interest rate of 6.50% and 6.987% APR. Taxes, insurance, and any required escrow payments are not included; actual payment obligation will be greater. After the initial five-year fixed-rate period, the interest rate and monthly payment may increase or decrease in accordance with the terms of the loan. FB Asset Rewards 5- Year and 7-Year ARM products, eligible borrowers may qualify for cumulative interest rate reductions based on qualifying banking relationships, including: (1) a 0.25% rate reduction for a new direct deposit relationship, (2) an additional 0.125% rate reduction for maintaining $25,000 in qualifying deposit balances, and (3) a potential total rate reduction of 0.375%. New deposits must consist of funds not currently on deposit with FB Financial, A Division of FirstBank, Nashville, TN (FB Financial), and may be subject to minimum balance and retention requirements. Rate reductions are subject to program qualifications, eligibility and account verification requirements, loan approval, and may change or be discontinued without notice. Not all applicants will qualify. Relationship pricing eligibility is determined at the time of application and must be maintained in accordance with program requirements. Application is required and subject to underwriting and credit approval. Adjustable rate mortgage interest rates and payments may increase after the initial fixed-rate period. FB Financial, A Division of FirstBank, Nashville, TN, provides a variety of loan products with different rates, payments, fees, and terms, which may vary by state. Terms, conditions, and restrictions apply. Please contact FB Financial, A Division of FirstBank, Nashville, TN, for complete program details. Full documentation and property insurance are required. Loan secured by a lien against the subject property. Products and services offered by FB Financial, A Division of FirstBank Nashville, Tennessee. FirstBank Institution NMLS ID 472433.
