Boost Your Financial Wellness: Flexible Savings with Our Adjustable Rate Mortgage!

Choose your perfect mortgage match.

With a lower interest rate up front, your payments may be more affordable.


 

5/1 Adjustable Rate Mortgage Conforming

5.99% Rate | 6.36% APR1

With our 5/1 Adjustable Rate Mortgage (ARM) enjoy a fixed rate at 5.99% for the first 5 years and then the rate adjusts annually.

7/1 Adjustable Rate Mortgage Conforming

6.34% Rate | 6.53% APR1

With our 7/1 Adjustable Rate Mortgage (ARM) enjoy a fixed rate at 6.34% for the first 7 years and then the rate adjusts annually.

5/1 Adjustable Rate Mortgage Jumbo

6.24% Rate | 6.42% APR1

With our 5/1 Adjustable Rate Mortgage (ARM) enjoy a fixed rate at 6.24% for the first 5 years and then the rate adjusts annually.

7/1 Adjustable Rate Mortgage Jumbo

6.59% Rate | 6.57% APR1

With our 7/1 Adjustable Rate Mortgage (ARM) enjoy a fixed rate at 6.59% for the first 7 years and then the rate adjusts annually.

 

 

Disclaimers

1APR = Annual percentage rate. Conforming scenario, Property Value $500,000, loan amount $400,000. 5/1 Conforming Rate 5.99%, APR 6.36%; 7/1 Conforming Rate is 6.34%, APR 6.53%.  Jumbo scenario, Property Value $1,250,000, loan amount $1,000,000. 5/1 Jumbo Rate 6.24%, APR 6.42%; 7/1 Jumbo Rate 6.59%, APR 6.57%.  Current index is 3.95% (1 Year CMT), margin 2.25%, which is also the floor. Same adjustments whether conforming or Jumbo. Adjustment caps are 2% first adjustment, 2% subsequent adjustments, 5% maximum adjustment.


Interest rates are subject to change. The interest rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment, and our internal credit criteria. Other interest rates, points, and terms may be available. All loans are subject to credit and property approval. Other restrictions may apply. UVA Community Credit Union membership eligibility is required. A minimum ongoing balance of $5 in a Share Savings Account. Federally Insured by NCUA. Equal Housing Opportunity. NMLS #302946 nmlsconsumeraccess.org.