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

Click here to compare options with our Mortgage calculators.

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 30 Year ARM: For example: if you take out a $450,000 loan with a 30-year term and a 5/5 adjustable rate starting at 6.750%, for the first 5 years (60 months) you would make a monthly payment of $2,918.69. 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 $3,473.07. 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 $4,445.16). *These payment examples do not include taxes and insurance.
Rate Points/Credits Rate Position APR
6.750% 1.611% Borrower Pays Points 6.960%
6.875% 1.176% Borrower Pays Points 7.042%
7.000% 0.649% Borrower Pays Points 7.115%
7.125% 0.134% Borrower Pays Points 7.189%
7.250% 0.134% Borrower Pays Points 7.314%