New Home, new low rate.
7/1 Adjustable Rate Mortgage
Adjustable Rate Mortgage Options

Adjustable Rate
If you are looking for a lower initial payment and are less concerned about your payment increasing in future years, take a look at our adjustable rate options. Available options are
- 5/1 ARM (i.e. fixed for the first five years and adjustable each year after that)
- 7/1 ARM
- 10/1 ARM
Active as of 03.20.2023
Featured Mortgage
Adjustable Rate
Product | Interest Rate | Term | Points | Monthly Payment per $100,000 | APR** |
---|---|---|---|---|---|
5/1 ARM* | 5.375% / 5.375%* | Months 1-60 / Months 61-360 | 0 | $559.97 | 6.87% |
7/1 ARM* | 5.375% / 5.375%* | Months 1-84 / Months 85-360 | 0 | $559.97 | 6.62% |
10/1 ARM** | 5.75% / 5.75%** | Months 1-120 / Months121-360 | 0 | $583.57 | 6.55% |
DISCLOSURES
Interest Rates are subject to change without notice.
*Annual Percentage Rate (APR) subject to change without notice. Advertised APR based on credit score of 740 or higher. All payments quoted with beginning balance of $100,000. 5/1, 7/1 Adjustable Caps 2% – 6%. Margin 2.50% and current index 5.12%. **The second payment stream will be based on fully indexed rate or the floor rate if the floor rate is greater than the fully indexed rate. Escrow is required for Loan to Value (LTV) over 80%. The monthly payments are disclosed per $100,000. Rates do not take into consideration possible adjustments based on member’s credit score, loan-to-value, combined loan-to-value, subordinate financing, occupancy, appraised value, down payment, property type, property use and loan purpose. Payments do not include taxes or insurance and actual payment may be greater. Property insurance (and flood insurance if applicable) required. APR is accurate as of the effective date. The APR is subject to increase after closing. An LTV greater than 80% requires Private Mortgage Insurance (PMI) which would increase your monthly payment and APR. Other ARM products may be available.
**Annual Percentage Rate (APR) subject to change without notice. Advertised APR based on credit score of 740 or higher. All payments quoted with beginning balance of $100,000. 10/1 Adjustable Caps 5% after initial 10 years, then 2%-5%. Margin 2.50% and current index 5.12%. **The second payment stream will be based on fully indexed rate or the floor rate if the floor rate is greater than the fully indexed rate. Escrow is required for Loan to Value (LTV) over 80%. The monthly payments are disclosed per $100,000. Rates do not take into consideration possible adjustments based on member’s credit score, loan-to-value, combined loan-to-value, subordinate financing, occupancy, appraised value, down payment, property type, property use and loan purpose. Payments do not include taxes or insurance and actual payment may be greater. Property insurance (and flood insurance if applicable) required. APR is accurate as of the effective date. The APR is subject to increase after closing. An LTV greater than 80% requires Private Mortgage Insurance (PMI) which would increase your monthly payment and APR. Other ARM products may be available.

Frequently Asked Questions
What can we help you with today?
A Home Equity Loan gives you the money up front with a fixed rate and a fixed term. Monthly payments are principal and interest.
A Home Equity Line of Credit gives you easy access to your money when needed. Lines of Credit have a variable rate and will adjust with the Prime Rate. Monthly payments are interest only but you can paydown on the principal at any time.
Our rates are tiered by credit score and depend on the product and term you choose.
Typically, it is taking about 4-6 weeks from application to closing for Home Equity Loans.
Most of our Home Equity products do not have closing costs unless the loan amount exceeds $250,000. You may be required to pay some closing costs (estimated $500 unless a Full Appraisal is needed) on our promotional Home Equity products.
Yes, you can prepay your Home Equity loan without penalty.
Yes, we offer Home Equity Loans and Lines of Credit on investment properties. We have competitive rates and a variety of options. Typically the member is required to pay closings costs and the appraisal fee.
Financial
Calculators
Our convenient financial calculators can help you make more informed decisions.
How much mortgage might I qualify for?
This calculator will help answer how much mortgage you might qualify for based on your total monthly gross income and expenses.
This calculator will tell you if the amount you save in interest will exceed these refinancing costs.
How much will my fixed rate mortgage payment be?
This calculator computes the payments (principal and interest) for a fixed rate loan.
This calculator computes the most expensive house you can buy based on the highest payment you can afford, but does not indicate whether you would qualify for the loan.
Which mortgage is better for me?
This calculator will help you compare the total cost of any two or three mortgages.
How much will I save by increasing my mortgage payment?
Find out how much interest you can save by paying an additional amount with your mortgage payment.