5-5 Adjustable Rate Mortgage (ARM)

back portrait of young couple standing in front of their new house

Ready to Stop Paying Rent?

We offer ARM mortgages with down payment options starting as low as 3%² for first time home buyers

5/5 Adjustable Rate Mortgage

Highlights

Terms up to 30 years - Various variable programs available
Rate caps - 2% adjustment and 5% lifetime cap for 5/5 ARM
Maximum loan amount $750,000
Low initial interest rates reduces initial monthly mortgage payment
No pre-payment penalties

The Right Choice

Choosing the right mortgage can be as crucial to your financial health as selecting the right home is to your personal happiness. For many, an Adjustable Rate Mortgage* (ARM) offers a blend of affordability and adaptability that fits their needs perfectly.

First-Time Home Buyers

ARMs can help first-time homebuyers afford a new home. However, careful consideration of your financial goals, risk tolerance, and long-term plans is essential. Consulting with a qualified mortgage consultant can help you understand your options and choose the loan that best suits your situation.

To assist first-time buyers or those who have not owned property for three years realize their dream of owning a home, SCU Credit Union offers a $500 discount towards closing costs on our Fixed Rate and Adjustable Rate Mortgages.

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Table data for 5/5 Adjustable Rate Mortgage (ARM) Rates
Effective Date: May 1, 2025
Term	Rate	Points	APR¹	Monthly Payment per $1000	Alert Me
5/5 Years (30 Years)²	6.125%	0	6.551%	$6.08	Receive a notification when this rate changes

¹APR = Annual Percentage Rate. Rates Subject to change at any time.↵ ²The APR is based on a $100,000 loan with 20% down payment and no points on a 30-year term. Interest rate and monthly payments are fixed for the initial term and then adjust thereafter by a margin over the index. Monthly payments shown do not include amounts for taxes and insurance premiums and, if applicable, the actual payment obligations will be greater. The Index for the 5/5 ARM is the average weekly yield for a 5-Year Constant Maturity Treasuries with a Margin of 2.75%, a 2% adjustment cap and a 5% lifetime cap. For more information please contact our Mortgage Consultants or call the contact center at 781-784-7725 or toll free at 877-661-3300↵

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