Langley's adjustable rate mortgage is perfect for purchasers with short-term mortgage goals. With low closing costs and no PMI requirement, our adjustable rate mortgage will finance up to 90% of the value of your home.
With a 5/5 Adjustable Rate Mortgage (ARM), your initial rate is fixed for five years and is subject to increase or decrease every five years thereafter. One rate change in the next 10 years guarantees a stable, reliable way to pay off your home loan.
With a 10/5 ARM, your interest rate is set for the first ten years. After that, it can change once every five years, meaning it only adjust once in the next 15 years! This provides a more predictable way to pay your home loan, with the flexibility of an adjustable rate!
A 15/5 ARM locks your interest rate in for the first 15 years. Afterwards, it adjusts every five years (a total of one adjustment in 20 years). With a 15/5 ARM, you get the stability of a long lasting rate that can still adjust up or down during the adjustment period.Request More Information
|5/5 (First Time Home Buyer)||6.500%||7.550% |
30 days for a purchase. 45-60 for a refinance. Exceptions can be made.
Yes, we have loan officers available to help at any step of the mortgage process. Call 833-304-0471. We're open Mon-Friday 8:30 A.M. - 6:00 P.M.
No, you can be preapproved before you start your new home search.
No, we offer loans for second homes and investment properties.
 Fixed 6.250% / 7.488% Annual Percentage Rate for the first five years. The interest rate is current as of September 25, 2023. No Private Mortgage Insurance. Up to 90% LTV for purchases. Maximum loan amount is $750,000. After the five year fixed-rate period, your interest rate is subject to change- up or down according to market rates at the time of reset and each five years thereafter. Offer applies to borrowers with a credit score of 710 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30-year, $200,000, 5-year Adjustable-Rate Loan at 6.250% / 7.488% APR and 90% loan-to-value (LTV) is $1231. Rate is variable and can increase by no more than 2 percentage points every 5 years with a lifetime maximum adjustment of 6%. Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 5 years, the maximum payment is $1,000.59. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater and rates provided are based on current market rates, and are informational only. Payments are estimates and include only principal and interest. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single family dwelling.