Adjustable Rate Mortgage

Enjoy Lower Monthly Payments with an ARM

  • Lock in a low interest rate for the first 5 years
  • Potential for lower monthly payments
  • Personal service from local experts

Make Your Homeownership Dreams a Reality

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. 

5/6 ARM Features:

  • Low introductory rate guaranteed for 5-years
  • After the 5th year, your mortgage interest rate will adjust (up or down) to the market rate every six months.
  • 30-year repayment term
  • Minimum 20% down payment required
  • Minimum credit score is 680

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 wanting to tackle a major project or expense, our 5/6 ARM is also a great alternative to a Home Equity Loan or HELOC.

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.

Working in your best interest.

View All Rates
APR* as low as
7.45 %
5/6 ARM
View All Rates
Talk to a local mortgage expert

We're here to answer your questions.

Contact Us - Talk to a local mortgage expert

Adventure Credit Union is a full-service credit union in Michigan with branches in the Greater Grand Rapids and Lansing areas. All those who live, work, worship or attend school in the State of Michigan are eligible to join.

*APR = Annual Percentage Rate. Rates valid as of 10/1/2024 , and subject to change without notice. Variable rates are determined by adding an index and a margin. 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. Rates disclosed with an * are the lowest rates available and are determined by your credit history and underwriting factors at time of application. Not all members will qualify for the lowest rate.