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Home > Borrow > Mortgage Loans > Adjustable-Rate Mortgages

Adjustable-Rate Mortgages

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$1,000 Lender Credit at closing for any new purchase mortgage through December 31, 2019*

Our Adjustable Rate Mortgages (ARMs) offer flexible repayment options and great low rates.

  • ARMs:  I year, 3 year, 5 year or 7 year options
  • Our ARM rate is tied to the Treasury, not LIBOR. This means that your rate change will adjust slower, potentially saving you hundreds or thousands of dollars.
  • No point options, no closing cost options available
  • Borrow up to 97% of the value of your home for first-time home buyers
  • Down payment requirements as low as 3%
  • No escrow waiver fee
  • Option to lock in a guaranteed interest rate up to 60 days before closing
  • Quick loan decisions
  • No prepayment penalties. Reduce your interest by paying early

Contact our Mortgage Consultants to discuss your housing needs, learn about our affordable programs or to apply for a mortgage. 

*$1,000 credit is applied at closing for purchase mortgages only. Not valid for refinance of existing mortgage either with MVCU or BCU or another financial institution. Loans subject to credit qualifications and approval. Other rates and terms available. Offer is available between July 5 and December 31, 2019. Other restrictions may apply This offer is subject to change without notice.

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