Adjustable Rate Mortgages (ARMs)
Our Adjustable Rate Mortgages often give members the opportunity to afford “more home” due to lower initial interest rates when compared to a fixed-rate loan. Lower interest rates mean smaller monthly payments.
The ARMs interest rate will periodically adjust with changing market rates and is often a good fit for buyers who plan to stay in a home for 5-7 years. More.
Benefits & Highlights
- Available in conventional, high balance and government loan amounts
- Lower initial payment than a fixed-rate loan
- Ideal for those who are frequently selling/moving
Loan Options
- 3/1, 5/1, 7/1 and 10/1 ARMs
NWFCU Loan Advantages
- Competitive rates
- Low lender fees
- Free pre-approvals with 24/7 automated loan decisions through our online mortgage application
- No prepayment penalties
- Fast, local processing
- Free, informative buying and selling seminars
- Prompt, professional and courteous service
- NWFCU maintains the servicing for the life of the loan
BONUS BENEFIT
Earn 5,000 mileage points on your NWFCU Travel Rewards MasterCard. More.
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