Life is constantly changing-your mortgage rate ought to maintain. Adjustable-rate mortgages (ARMs) use the convenience of lower rates of interest in advance, offering an adaptable, economical mortgage option.

Adjustable-rate mortgages are constructed for flexibility

Not all mortgages are developed equivalent. An ARM offers a more versatile approach when compared with standard fixed-rate mortgages.

An ARM is ideal for short-term homeowners, purchasers expecting income growth, investors, those who can manage danger, newbie property buyers, and individuals with a strong monetary cushion.

- Initial fixed term of either 5 years or 7 years, with payments calculated over 15 years or 30 years *

- After the initial set term, rate changes happen no more than when per year

- Lower introductory rate and preliminary monthly payments

- Monthly mortgage payments might reduce

Want to learn more about ARMs and why they might be a great fit for you?

Take a look at this video that covers the basics!

Choose your loan term

Tailor your mortgage to your requirements with our flexible loan terms on a 5/1 ARM or 7/1 ARM. These alternatives feature a preliminary fixed regard to either 5 years or 7 years, with payments computed over 15 years or 30 years. Choose a much shorter loan term to save thousands in interest or a longer loan term for lower regular monthly payments.

Mortgage loan producer and servicer info

- Mortgage loan pioneer information Mortgage loan producer details The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) needs credit union mortgage loan producers and their employing institutions, as well as employees who serve as mortgage loan pioneers, to sign up with the Nationwide Mortgage Licensing System & Registry (NMLS), obtain a special identifier, and preserve their registration following the requirements of the SAFE Act.

University Credit Union's registration is NMLS # 409731, and our private originators' names and registrations are as follows:

- Merisa Gates - NMLS ID # 188870.

- Estela Nagahashi - NMLS ID # 1699957.

- Miguel Olivares - NMLS ID # 2068660.

- Michelle Pacheco - NMLS ID # 662822.

- Britini Pender - NMLS ID # 694308.

- Sheri Sicka - NMLS ID # 809498.

- Elizabeth Torres - NMLS ID # 1757889.

- David L. Tuyo II - NMLS ID # 1152000.

Under the SAFE Act, customers can access info relating to mortgage loan producers at no charge through www.nmlsconsumeraccess.org.

Ask for information associated to or resolution of a mistake or errors in connection with a current mortgage loan need to be made in composing by means of the U.S. mail to:

University Credit Union/TruHome.
Member Service Department.
9601 Legler Rd
. Lenexa, KS 66219

Mortgage payments might be sent out by means of U.S. mail to:

University Credit Union/TruHome.
PO Box 219958.
Kansas City, MO 64121-9958

Contact TruHome by phone throughout company hours at:

855.699.5946.
5 am - 6 pm PST Monday-Friday, 6 am - 11 am PST Saturday

Mortgage alternatives from UCU

Fixed-rate mortgages

Refinance from a variable to a set interest rate to take pleasure in foreseeable month-to-month mortgage payments.

- What is a UCU adjustable-rate mortgage? What is a UCU adjustable-rate mortgage? An adjustable-rate mortgage (ARM), also called a variable-rate mortgage or hybrid ARM, is a mortgage with a rates of interest that adjusts with time based on the market. ARMs generally have a lower preliminary rate of interest than fixed-rate mortgages, so an ARM is a money-saving alternative if you desire the typically most affordable possible mortgage rate from the start. Learn more

- Who would benefit most from an ARM? Who would benefit most from an ARM? An ARM is an excellent alternative for short-term homebuyers, purchasers anticipating earnings development, investors, those who can handle risk, newbie property buyers, or people with a strong monetary cushion. Because you will receive a lower initial rate for the fixed duration, an ARM is perfect if you're planning to sell before that duration is up.

Short-term Homebuyers: ARMs use lower initial expenses, suitable for those preparing to sell or re-finance rapidly.

Buyers Expecting Income Growth: ARMs can be useful if income increases significantly, balancing out prospective rate boosts.

Investors: ARMs can possibly increase rental earnings or residential or commercial property gratitude due to lower initial costs.

Risk-Tolerant Borrowers: ARMs provide the capacity for significant cost savings if interest rates stay low or decline.

First-Time Homebuyers: ARMs can make homeownership more accessible by reducing the initial monetary difficulty.

Financially Secure Borrowers: A strong financial cushion assists alleviate the threat of possible payment increases.


To receive an ARM, you'll generally require the following:

- An excellent credit report (the precise score differs by lending institution).

- Proof of income to demonstrate you can manage month-to-month payments, even if the rate changes.

- An affordable debt-to-income (DTI) ratio to show your ability to manage existing and new debt.

- A down payment (typically at least 5-10%, depending on the loan terms).

- Documentation like tax returns, pay stubs, and banking statements.


Receiving an ARM can sometimes be much easier than a fixed-rate mortgage since lower initial interest rates mean lower initial month-to-month payments, making your debt-to-income ratio more favorable. Also, there can be more flexible criteria for certification due to the lower introductory rate. However, loan providers may wish to ensure you can still pay for payments if rates increase, so excellent credit and steady earnings are key.

An ARM often includes a lower preliminary rates of interest than that of a comparable fixed-rate mortgage, giving you lower regular monthly payments - at least for the loan's fixed-rate period.

The numbers in an ARM structure refer to the initial fixed-rate duration and the adjustment duration.

First number: Represents the number of years throughout which the rate of interest remains set.

- Example: In a 7/1 ARM, the interest rate is repaired for the first seven years.


Second number: Represents the frequency at which the rates of interest can change after the preliminary fixed-rate period.

- Example: In a 7/1 ARM, the rate of interest can change each year (once every year) after the seven-year fixed period.


In easier terms:

7/1 ARM: Fixed rate for 7 years, then adjusts each year.

5/1 ARM: Fixed rate for 5 years, then adjusts yearly.


This numbering structure of an ARM helps you understand for how long you'll have a steady rates of interest and how typically it can alter later.

Looking for an adjustable -rate mortgage at UCU is simple. Our online application portal is developed to stroll you through the procedure and assist you send all the needed documents. Start your mortgage application today. Apply now

Choosing in between an ARM and a fixed-rate mortgage depends on your financial objectives and plans:

Consider an ARM if:

- You plan to sell or re-finance before the adjustable duration starts.

- You want lower initial payments and can handle potential future rate increases.

- You expect your earnings to increase in the coming years.

Consider a Fixed-Rate Mortgage if:

- You choose predictable month-to-month payments for the life of the loan.

- You plan to remain in your home long-lasting.

- You want security from interest rate changes.

If you're unsure, speak with a UCU professional who can assist you assess your options based on your monetary situation.

Just how much home you can pay for depends on a number of aspects. Your down payment can vary from 0% to 20% or more, and your debt-to-income ratio will affect your accepted mortgage amount. Calculate your costs and increase your homebuying understanding with our useful suggestions and tools. Discover more

After the initial set duration is over, your rate may get used to the marketplace. If dominating market rate of interest have actually decreased at the time your ARM resets, your monthly payment will likewise fall, or vice versa. If your rate does go up, there is constantly a chance to refinance. Find out more

* UCU ARM rates based on 1 year Constant Maturity Treasury (CMT). Rates subject to change. All loans are offered for purchase or re-finance of main house, second home, investment residential or commercial property, single household, one-to-four-unit homes, prepared system advancements, condos and townhouses. Some constraints may apply. Loans provided based on credit review.