Life is constantly changing-your mortgage rate need to maintain. Adjustable-rate mortgages (ARMs) offer the benefit of lower rate of interest upfront, offering an adaptable, cost-efficient mortgage solution.

Adjustable-rate mortgages are constructed for versatility

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

An ARM is ideal for short-term property owners, buyers anticipating earnings development, investors, those who can handle risk, novice homebuyers, and people with a strong monetary cushion.

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

- After the preliminary fixed term, rate modifications happen no more than once each year

- Lower introductory rate and initial month-to-month payments

- Monthly mortgage payments might decrease

Want to learn more about ARMs and why they might be an excellent suitable for you?

Take a look at this video that covers the fundamentals!

Choose your loan term

Tailor your mortgage to your needs with our flexible loan terms on a 5/1 ARM or 7/1 ARM. These alternatives feature an initial set term of either 5 years or 7 years, with payments determined over 15 years or thirty years. Choose a shorter loan term to save thousands in interest or a longer loan term for lower month-to-month payments.

Mortgage loan originator and servicer details

- Mortgage loan pioneer info Mortgage loan begetter details The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) needs cooperative credit union mortgage loan originators and their employing organizations, in addition to employees who act as mortgage loan begetters, to sign up with the Nationwide Mortgage Licensing System & Registry (NMLS), obtain a distinct identifier, and keep their registration following the requirements of the SAFE Act.

University Cooperative credit union's registration is NMLS # 409731, and our specific pioneers' 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 details concerning mortgage loan pioneers at no charge via www.nmlsconsumeraccess.org.

Requests for information associated to or resolution of an error or errors in connection with a current mortgage loan need to be made in composing through the U.S. mail to:

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

Mortgage payments may be sent through 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 choices from UCU

Fixed-rate mortgages
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Refinance from a variable to a fixed rates of interest to delight in predictable monthly 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 an interest rate that changes over time based on the marketplace. 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 lowest 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 an excellent option for short-term property buyers, buyers anticipating income development, investors, those who can manage threat, newbie property buyers, or individuals with a strong monetary cushion. Because you will get a lower initial rate for the fixed duration, an ARM is perfect if you're planning to offer before that duration is up.

Short-term Homebuyers: ARMs offer lower preliminary costs, ideal for those preparing to offer or refinance rapidly.
Buyers Expecting Income Growth: ARMs can be beneficial if income increases significantly, balancing out potential rate increases.
Investors: ARMs can possibly increase rental earnings or residential or commercial property appreciation due to lower initial expenses.
Risk-Tolerant Borrowers: ARMs provide the potential for substantial cost savings if interest rates stay low or decline.
First-Time Homebuyers: ARMs can make homeownership more available by lowering the initial monetary difficulty.
Financially Secure Borrowers: A strong financial cushion assists alleviate the risk of possible payment boosts.
To receive an ARM, you'll typically need the following:

- A great credit rating (the precise rating varies by loan provider).
- Proof of income to show you can manage regular monthly payments, even if the rate changes.
- An affordable debt-to-income (DTI) ratio to show your ability to handle existing and new debt.
- A down payment (frequently a minimum of 5-10%, depending upon the loan terms).
- Documentation like tax returns, pay stubs, and banking declarations.
Qualifying for an ARM can often be simpler than a fixed-rate mortgage because lower preliminary rates of interest indicate lower preliminary month-to-month payments, making your debt-to-income ratio more beneficial. Also, there can be more flexible criteria for qualification due to the lower initial rate. However, lenders may want to ensure you can still manage payments if rates increase, so good credit and stable earnings are crucial.

An ARM typically comes with a lower preliminary rate of interest than that of a similar fixed-rate mortgage, providing you lower month-to-month 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 change period.

First number: Represents the number of years throughout which the rate of interest stays fixed.

- Example: In a 7/1 ARM, the rate of interest is fixed for the very first 7 years.
Second number: Represents the frequency at which the rates of interest can adjust after the preliminary fixed-rate duration.

- Example: In a 7/1 ARM, the interest rate can adjust every year (once every year) after the seven-year fixed duration.
In easier terms:

7/1 ARM: Fixed rate for 7 years, then adjusts annually.
5/1 ARM: Fixed rate for 5 years, then changes every year.
This numbering structure of an ARM assists you comprehend how long you'll have a stable rate of interest and how typically it can change afterward.

Getting an adjustable -rate mortgage at UCU is simple. Our online application website is designed to walk you through the process and assist you send all the required files. Start your mortgage application today. Apply now

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

Consider an ARM if:

- You prepare to offer or re-finance before the adjustable duration starts.
- You desire lower preliminary payments and can manage possible future rate boosts.
- You anticipate your earnings to increase in the coming years.


Consider a Fixed-Rate Mortgage if:

- You prefer predictable month-to-month payments for the life of the loan.
- You prepare to stay in your home long-lasting.
- You want security from rate of interest variations.


If you're uncertain, speak to a UCU specialist who can assist you examine your options based on your financial scenario.
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How much home you can pay for upon numerous elements. Your down payment can differ from 0% to 20% or more, and your debt-to-income ratio will impact your approved mortgage amount. Calculate your expenses and increase your homebuying understanding with our handy suggestions and tools. Discover more

After the preliminary fixed period is over, your rate might adjust to the market. If dominating market rate of interest have gone down at the time your ARM resets, your regular monthly payment will also fall, or vice versa. If your rate does go up, there is constantly an opportunity to re-finance. Learn more

UCU ARM rates based on 1 year Constant Maturity Treasury (CMT). Rates subject to alter. All loans are offered for purchase or re-finance of primary home, 2nd home, investment residential or commercial property, single household, one-to-four-unit homes, prepared system advancements, condominiums and townhouses. Some restrictions might use. Loans provided based on credit review.