Adjustable Rate Mortgage

Enjoy Lower Monthly Payments with an ARM

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Low Interest Rate Mortgages

Enjoy rates as low as 5.875%
Lower Monthly Payments

An ARM makes buying affordable today
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5/6 ARM:

Our 5/6 ARM (adjustable rate mortgage) starts with an interest rate lower than a conventional fixed rate mortgage. This low 'introductory' rate is guaranteed for the first 5-years, making it easier for you to qualify for and get established in your new home. After the 5th year, your mortgage interest rate will adjust (up or down) to the market rate every six months.

Please click below to learn more about our 5/6 ARM. To learn more or get answers to your questions, please connect with one of our Mortgage Specialists. When you work with Adventure Credit Union, our streamlined mortgage process will get you into your dream home quickly!

Mortgage Calculators

Loan Features

5/6 ARM Features:

Low introductory rate guaranteed for 5-years
30-year term
Minimum 20% down payment required
Minimum credit score is 680

Is an ARM loan right for me?

You may be a good candidate for our 5/6 ARM, if you:

Want a monthly payment that is lower than a conventional fixed-rate mortgage
Believe that interest rates will go down over the next five years
Plan to move, refinance, or pay off your mortgage within five years

For existing homeowners, our 5/6 ARM is also a great alternative to a Home Equity Loan or HELOC.

Mortgage Payment Examples

Adjustable Mortgage Example:
Home Purchase Price: $250,000
Loan Amount: $200,000
Intro Rate: 5.875%**
Term: 30-years

Monthly Payment = $1,183

Fixed Rate Mortgage Example:
Home Purchase Price: $250,000
Loan Amount: $200,000
Fixed Rate: 7.875%**
Term: 30-years

Monthly Payment = $1,450

**Rates shown are for demonstration purposes. Please see today's rates below, and contact a Mortgage Specialist for complete details.

5/6 ARM

Rates Effective: October 11, 2023

Title	Credit Tier	Rate	APR*
5/6 ARM; 30-year term	760	5.875%	7.453%
5/6 ARM; 30-yerm term	720 - 759	6.125%	7.562%
5/6 ARM; 30-year term	680 - 719	6.375%	7.672%

*APR = Annual Percentage Rate. Rates shown require a minimum down payment of 20% and a maximum debt-to-income ratio of 44%. APRs are based on a $250,000 purchase price and a $200,000 loan amount.