Adjustable Rate Mortgage (ARM)

Langley ARM

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See today's mortgage rates

Reset Your Rate and Lower Your Payments!

With a 5/5 ARM, your initial rate is fixed for five years and is subject to increase or decrease every five years thereafter.
Perfect for purchasers with short-term mortgage goals.

3.250% RATE*
3.470% APR*

Benefits of an adjustable rate mortgage

  • One rate change in the next 10 years

  • Low closing costs and no PMI requirement.

  • Will finance up to 95% of the value of the home

*Fixed 3.250% rate / 3.470% Annual Percentage Rate for the first five years. The interest rate is current as of 11/29/2016. No Private Mortgage Insurance. Up to 95% 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 3.250%/3.470% APR and 95% loan-to-value (LTV) is $870.41. 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.