2.75% RATE*
3.04% APR*

Adjustable Rate Mortgage

Reset Your Rate and Lower Your Payments!

Come to Langley today to:
•  Reset the rate on a current ARM loan
•  Lower your payments or rate

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

Benefits of an adjustable rate mortgage

  • One rate change in the next 10 years vs. many ARMs that adjust more frequently
    Now is a good time to restart your ARM. The Langley 5/5 ARM works great for homeowners who are two or more years into their current ARM and are concerned about the rate adjusting. With our 5/5 ARM you won't have to worry about frequent adjustments.

  • Low rate - The lowest in the Hampton Roads market
    Our rate is the lowest in the market and you will save even more with our low closing costs and no PMI requirement.

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

The Langley Advantage

  • Local decisions

  • Locally serviced

  • Great low rates

  • Wide variety of options and terms

  • Langley has been lending in Hampton Roads for 79 years

  • Our team understands the market… we live here, work here, do business here

Need help?

Call, text, or email
one of our mortgage professionals

Chelsea J. Machuta
NMLS 1250088
757-268-4894
cmachuta@langleyfcu.org

Lance Musser
NMLS 211262
757-643-8708
lmusser@langleyfcu.org

John D. Burford
NMLS 653676
757-354-5192
jburford@langleyfcu.org

Send us a secure message

*Fixed 2.75% rate /3.041% Annual Percentage Rate for the first five years. The interest rate is current as of 08/17/2015. No Private Mortgage Insurance. Up to 95% LTV. 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 2.75%/3.041% APR and 95% loan-to-value (LTV) is $979.20. 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 892.62. 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.