Adjustable Rate Mortgages (ARM)

Here’s how an Adjustable Rate Mortgage – or ARM, for short – is different than a traditional mortgage…

A traditional mortgage comes with a fixed interest rate that never changes and an Adjustable Rate Mortgage* comes with a rate that’s guaranteed not to change for a certain number of years. After that, it changes to a variable rate that goes up and down, based on the market.
An ARM with UCCU comes with the peace of mind of knowing that your loan is safeguarded by policies that are designed to protect you, like UCCU’s Rate Inflation Protection.
An ARM comes with an initial rate that’s LOWER than a conventional mortgage. A lot lower. In fact, the average homeowner can get on average 10% MORE HOUSE with an ARM for the SAME PAYMENT as a conventional loan.**

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Simply put, an Adjustable Rate Mortgage gives you more Purchase Power than a traditional mortgage. And that means more money you can put into your home, or back into your pocket.

*Adjustable Rate Mortgages (ARMs) have an initial fixed rate period of time and then change to a variable rate thereafter. Your Annual Percentage Rate (APR) may increase after the original fixed-rate period. Financing is subject to UCCU membership and underwriting criteria. Not every applicant will qualify. Property insurance is required. Some restrictions apply. Equal housing lender. NMLS # 407653. Insured by NCUA.

**10% more house is the average savings calculated on a $300,000 single-family residence comparing conversional rates to ARMs with rates as of 11/10/22 resulting in $189 per month savings on rate. Contact UCCU for details. Terms and rates may change at any time and without notice. Equal housing lender. NMLS # 407653. Insured by NCUA.

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