Ready to buy a home or refinance your existing loan?
Can't decide between the steadiness of a 30-year fixed mortgage or the low rate of an Adjustable Rate Mortgage? That's OK!
We have you covered with our 7/1 ARM* at 3.375%:
- Affordable monthly payments
- Loan amounts up to $1 million**
- Rate adjusts after first 7 years, then yearly after that***
NMLS ID # 649058
Mortgages available in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Texas (1st TD only), Utah, and Washington.
*Rate effective 6/26/19. 7/1 payment example for a $350,000 loan, with a 3.375% rate, 4.011% APR, the first 84 payments of $1,547.34. Your fixed/adjustable rate loan of $350,000 for 30 years has a starting payment of $1,547.34. Your interest rate remains fixed at 3.375% for 84 months. At the 85th month your rate will be no more than 5.375% with a payment of $1,875.42. Future adjustments of no more than 2% adjustment every 12 months. Your highest monthly payment at 8.375% would be $2,402.25 which is based on your original balance of $350,000. Rates are subject to change without prior notice. Index rate is the Five Year Treasury Constant Maturity at 1.98% and the margin is 2.25% - the floor is also 2.25%
**Both conforming loan programs ($500, 550) and jumbo programs available.
***Rate adjusts after the first 7 years then has a maximum of 2% rate change per year, each additional year and no more than 5% over the life of the loan.
Loan rates are based on term and applicant credit history. All loans are subject to credit approval and are subject to Credit Union policies and procedures. Rates are subject to change without prior notice. For current rate information, please call (800) 231-1626.