Adjustable-Rate Mortgage

Adjustable-Rate Mortgage with Delta community credit union

Home Is Where the Savings Is

For a limited time, get rates as low as 2.75% (2.99% APR)* on Adjustable-Rate Mortgages and $500 off closing costs on new home purchases.**

A Delta Community Adjustable-Rate Mortgage gives you flexibility for your home loan needs.

  • 5-year ARM: Rates as low as 2.75% (2.99% APR)*
  • 7-year ARM: Rates as low as 2.875% (3.042% APR)*
  • Jumbo ARMs also available
  • Rates available until July 31, 2017
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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 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.

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:

  • 5, 7 and 10 year fixed period
  • 6% lifetime cap over the original rate
  • Interest rate increases and decreases are limited to a 2% per year cap
  • Available for conventional or Jumbo Loans
  • 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


  • Home Loan Rates

    Find the Best Adjustable-Rate Mortgage That Fits Your Needs

    Low home loan rates for 5, 7, or 10 year adjustable-rate mortgages.

    View Our Credit Union Mortgage Rates and More:

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  • Apply Now

    Lock in Your Low Interest Mortgage Now

    Apply for an Adjustable-Rate Mortgage and you might even receive an instant approval based on your credit report.

    Finding the right home financing solution can seem like a difficult process, but Delta Community will help you navigate financing your home. Contact us at 866-963-7811 to speak to a Home Loan Specialist closest to you. We look forward to speaking with you soon about our mortgage services.

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*Annual Percentage Rate. Rates shown are for well-qualified borrowers. The APR is based on a $120,000 loan amount. Interest rates may vary depending on loan amount.

**$500 off closing costs for Fixed-Rate and Adjustable-Rate Purchase Loans valid until 12/31/17. $500 off closing costs is not available for Refinances.