30-Year 5/5 Adjustable Rate First Mortgage (ARM)

Take advantage of the competitive, low rates that come with an Adjustable Rate Mortgage (ARM). Industrial ARMs are re-evaluated at pre-defined intervals, allowing for changes in the market and your personal financial situation, making it possible for us to give you the most current rate.

Loan Highlights

  • 30 year term
  • Finance up to 80% of the value of your home
  • No pre-payment/payoff penalty
  • No application fee
  • Your loan stays at the Credit Union, we don’t sell our servicing like many other financial institutions

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30-Year 5/5 Adjustable Rate First Mortgage

Please Note: Rates are adjusted daily.

Annual Percentage Rate (APR). Expresses the total cost of the loan, including both the interest rate and applicable up-front fees, as a rate.

_*Payment Example for a 5/5 Adjustable Rate Mortgage (ARM):* For example: if you take out a $450,000 loan with a 30-year term and a 5/5 adjustable rate starting at 5.000%, for the first 5 years (60 months) you would make a monthly payment of $2,415.70. After the first 5 years the rate will adjust based on market rates. Your payment for the subsequent 5 years could be lower or higher, but the rate will not increase by more than 2.000%, and your payment will not exceed $2,920.62. This process repeats every 5 years, and the rate will never increase by more than 2.000% at a time. Over the lifetime of the loan, the rate will never increase by more than 6.000% over the original rate (a maximum payment amount of $3,798.13). *These payment examples do not include taxes and insurance.
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Rate Points/Credits Rate Position APR
5.000% 1.692% Borrower Pays Points 5.196%
5.125% 1.515% Borrower Pays Points 5.306%
5.250% 0.844% Borrower Pays Points 5.371%
5.375% 0.083% Borrower Pays Points 5.428%
5.500% -0.205% Credit to Borrower 5.527%