Selfreliance UAFCU 5/1 Adjustable Rate Mortgage

ARM 5/1 Ad

*Offer good only for the following owner-occupied properties: single family residences, qualified condominiums or multi-family structures with no more than four units.
The 5/1 ARM offers a fixed rate for the initial period of the loan and adjusts to a one year ARM after that period. The interest rate and monthly payment may adjust annually based on the weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 year (the index), plus a margin of 2.50 percentage points with a 2% annual change cap and a 5% life time cap.
Example: 5/1 ARM Payment for a $100,000 80% LTV loan with a 3.250% rate and 4.080% Annual Percentage Rate (APR), based on the current market condition, the payment schedule would be: 60 payments of $435 at an interest rate of 3.250% and 300 payments at $490 at an interest rate of 4.380%. No application fee, 0 points. Low down payment options may be available. Payment examples do not include taxes and insurance premiums. Mortgages available only to members and only in designated geographic locations. Offered rate & terms may change at any time. Subject to approval of application.

For further information, call our mortgage team at 773-328-7500 x283.