Adjustable Rate Mortgage No MI

An Adjustable Rate Mortgage, or ARM, generally begins with an interest rate that is 2% to 3% below a comparable fixed-rate mortgage.

The interest rate may adjust to a higher or lower percentage over the life of the loan as market conditions change.

Benefits of a Adjustable Rate Mortgage

  • Qualify for a higher loan amount
  • Up to 95% financing
  • Fixed rate for the first five years
  • Loan amounts up to $453,100
  • Amortized over 30 years
  • No private mortgage insurance
  • Flexible down payment options
  • 1/2% origination
  • Low closing costs

USU Credit Union currently offers several conventional and FHA adjustable rate mortgages with varying rates and terms. Contact a mortgage specialist today for details about other ARM options.

Also available as 3/1, 7/1, and 10/1 ARM. Contact a mortgage expert for a rate quote.

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Adjustable Rate Mortgage Rates*

as low as

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Other mortgage types to consider:

Adjustable rate mortgage

Fixed-Rate Mortgages

USU Credit Union offers conventional mortgages with multiple fixed rates and terms. With a fixed-rate mortgage, the interest rate does not change for the life of the loan. This is a great option if you plan to stay in your home for a long time.

Jumbo mortgage

Jumbo Mortgages

USU Credit Union currently offers Jumbo Mortgages for loan amounts exceeding $453,100. Speak with a mortgage specialist to help you decide if a Jumbo Mortgage is right for you.

Investment properties

Investment Property Mortgages

Finance your rental and investment properties at competitive rates and fees at USU Credit Union. USU Credit Union can help you secure financing for rental and investment properties with up to 80 percent loan-to-value at competitive rates, low fees and a variety of terms.

Click here for a full list of rates and disclosures.