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Home > Borrow > Mortgage Loans > Adjustable-Rate Mortgages

Adjustable-Rate Mortgages

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Merrimack Valley Credit Union (MVCU) and Bridgewater Credit Union, a division of Merrimack Valley Credit Union (BCU) are here to help you get into your new home!  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. 


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