Adjustable-Rate Mortgage

Adjustable-Rate Mortgage with Delta community credit union

Low Initial Monthly Home Loan Payments

What Is an Adjustable-Rate Mortgage?

An Adjustable-Rate Mortgage (ARM) is a home loan that usually has a set, low fixed-interest rate for a certain period of time, like 3, 5, 7 or 10 years. For the remainder of the home loan, the interest rate would adjust annually, depending on the market. An ARM is also known as a Variable-Rate Mortgage or a Floating-Rate Mortgage.

Now through December 31, 2018, receive $500 off closing costs on your Fixed-Rate or Adjustable-Rate Purchase Loan.1

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Things to Consider with an Adjustable-Rate Mortgage

Be sure to remember that with this particular loan your monthly payments may increase, but the benefit of having low rates initially can save you money.

Here are a few of the things you’ll find with our Adjustable-Rate Mortgages:

  • 3, 5, 7 and 10 year fixed period
  • 6% lifetime cap over the original rate2
  • Interest rate increases and decreases are limited to a 2% per year cap3
  • No negative amortization
  • No prepayment penalty
  • Competitive fees

Is an Adjustable-Rate Mortgage right for you?

Adjustable-Rate Mortgage Loans are great if you:

  • Don’t plan to stay in a property for a long time
  • Want a home loan with lower initial monthly payments
  • Think interest rates will go down in the future

Properties that qualify for our Adjustable-Rate Mortgage are primary residences, second/vacation homes and rental properties.

Learn More About Adjustable-Rate Mortgages


  • Apply Now

    Lock in Your Low Interest Mortgage Now

    To apply for an Adjustable-Rate Mortgage Loan online, simply choose a Home Loan Specialist to get started.

    Finding the right home financing solution can seem like a difficult process, but Delta Community will help you navigate financing your home. If you have questions or want to speak with a Home Loan Specialist over the phone, contact us toll-free at 866-963-7811 to get the answers you need.

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1 $500 off Fixed-Rate and Adjustable-Rate Purchase Loans valid until 12/31/2018. Offer does not include Refinances or Home Equity Loans.

2 Not to exceed 6.00% over original rate.

3 Not to increase more than 5.00% on first change, then limited to 2.00%.