Life is constantly changing-your mortgage rate ought to keep up. Adjustable-rate mortgages (ARMs) offer the benefit of lower rates of interest upfront, offering a versatile, cost-efficient mortgage solution.

Adjustable-rate mortgages are constructed for versatility

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

An ARM is perfect for short-term house owners, buyers anticipating earnings growth, investors, those who can manage threat, first-time property buyers, and people with a strong monetary cushion.

- Initial fixed regard to either 5 years or 7 years, with payments determined over 15 years or 30 years *

- After the initial set term, rate modifications occur no more than once per year

- Lower introductory rate and preliminary monthly payments

- Monthly mortgage payments might reduce

Wish to find out more about ARMs and why they might be a good 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 options feature a preliminary fixed regard to either 5 years or 7 years, with payments calculated over 15 years or thirty years. Choose a much shorter loan term to save thousands in interest or a longer loan term for lower monthly payments.

Mortgage loan begetter and servicer information

- Mortgage loan pioneer details Mortgage loan producer information The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires credit union mortgage loan pioneers and their utilizing organizations, along with staff members who serve as mortgage loan originators, to register with the Nationwide Mortgage Licensing System & Registry (NMLS), obtain an unique identifier, and keep their registration following the requirements of the SAFE Act.

University Credit Union's registration is NMLS # 409731, and our specific begetters' 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 information regarding mortgage loan producers at no charge by means of www.nmlsconsumeraccess.org.

Requests for info related to or resolution of an error or errors in connection with a current mortgage loan should be made in writing 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 via U.S. mail to:

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

Contact TruHome by phone during business hours at:

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

Mortgage options from UCU

Fixed-rate mortgages

Refinance from a variable to a set rates of interest to delight in foreseeable monthly mortgage payments.

- What is a UCU adjustable-rate mortgage? What is a UCU adjustable-rate mortgage? An adjustable-rate mortgage (ARM), likewise called a variable-rate mortgage or hybrid ARM, is a mortgage with a rate of interest that changes with time based on the marketplace. ARMs generally have a lower initial rate of interest than fixed-rate mortgages, so an ARM is a money-saving alternative if you desire the typically least expensive possible mortgage rate from the start. Find out more

- Who would benefit most from an ARM? Who would benefit most from an ARM? An ARM is a terrific choice for short-term homebuyers, purchasers anticipating earnings growth, financiers, those who can manage danger, first-time property buyers, or individuals with a strong monetary cushion. Because you will receive a lower initial rate for the fixed duration, an ARM is ideal if you're preparing to offer before that period is up.

Short-term Homebuyers: ARMs provide lower initial costs, ideal for those preparing to offer or refinance quickly.

Buyers Expecting Income Growth: ARMs can be advantageous if income rises substantially, balancing out prospective rate boosts.

Investors: ARMs can potentially increase rental earnings or residential or commercial property appreciation due to lower preliminary costs.

Risk-Tolerant Borrowers: ARMs use the potential for considerable cost savings if rate of interest stay low or decline.

First-Time Homebuyers: ARMs can make homeownership more accessible by decreasing the preliminary monetary obstacle.

Financially Secure Borrowers: A strong financial cushion helps alleviate the danger of possible payment increases.


To qualify for an ARM, you'll generally need the following:

- An excellent credit score (the exact rating varies by lending institution).

- Proof of income to demonstrate you can handle 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 financial obligation.

- A deposit (often at least 5-10%, depending on the loan terms).

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


Getting approved for an ARM can in some cases be much easier than a fixed-rate mortgage due to the fact that lower preliminary rates of interest suggest lower preliminary regular monthly payments, making your debt-to-income ratio more favorable. Also, there can be more versatile requirements for certification due to the lower introductory rate. However, lending institutions may desire to guarantee you can still pay for payments if rates increase, so good credit and steady earnings are essential.

An ARM typically includes a lower initial rate of interest than that of a similar fixed-rate mortgage, giving you lower monthly payments - a minimum of for the loan's fixed-rate period.

The numbers in an ARM structure describe the preliminary fixed-rate period and the adjustment duration.

First number: Represents the number of years during which the rates of interest stays fixed.

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


Second number: Represents the frequency at which the interest rate can adjust after the initial fixed-rate duration.

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


In easier terms:

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

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


This numbering structure of an ARM assists you comprehend the length of time you'll have a stable interest rate and how often it can alter later.

Making an application for an adjustable -rate mortgage at UCU is easy. Our online application website is designed to walk you through the procedure and help you submit all the needed documents. Start your mortgage application today. Apply now

Choosing between an ARM and a fixed-rate mortgage depends upon your monetary objectives and plans:

Consider an ARM if:

- You prepare to offer or re-finance before the adjustable period begins.

- You want lower preliminary payments and can manage potential future rate boosts.

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

Consider a Fixed-Rate Mortgage if:

- You choose predictable regular monthly payments for the life of the loan.

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

- You want security from rate of interest changes.

If you're not sure, speak with a UCU specialist who can assist you assess your alternatives based upon your monetary circumstance.

How much home you can pay for depends on a number of factors. Your deposit can differ from 0% to 20% or more, and your debt-to-income ratio will affect your approved mortgage quantity. Calculate your expenses and increase your homebuying knowledge with our valuable ideas and tools. Discover more

After the initial set period is over, your rate might adapt to the market. If prevailing market rates of interest have decreased at the time your ARM resets, your month-to-month payment will likewise fall, or vice versa. If your rate does go up, there is always an opportunity to refinance. Learn more

* UCU ARM rates based upon 1 year Constant Maturity Treasury (CMT). Rates subject to alter. All loans are offered for purchase or refinance of primary home, second home, investment residential or commercial property, single family, one-to-four-unit homes, prepared unit advancements, condos and townhouses. Some limitations might use. Loans issued based on credit review.