If you’re looking for a low initial interest rate, take a look at SEFCU’s adjustable rate mortgages (ARMs). You lock in the low rate for 1, 3 or 5 years; after that, your rate adjusts annually—but not more than 2% per year or 6% over the life of the loan. And with the conversion option, you can switch to a fixed rate mortgage at a later time.
Apply online for one of these SEFCU ARMs:
• One-year ARM
• Three-year ARM
• Five-year ARM
Low rates. Favorable terms. At SEFCU, we design ARMs with our members in mind.
Need more information about what an Adjustable Mortgage is?
Best of all, you can apply online, simply visit our Mortgage Center, or call a SEFCU Mortgage Originator at 518-451-2941. Outside the 518 area code call 866-733-2880 x 2941.
Minimum downpayment is 5%. Additional 0.25 point is required for downpayments less then 10%. All ARMs are locked at time of application except for Interest Only mortgage.
*Rates are posted twice a day (AM and PM) and are subject to change without notice.
**JUMBO product is for loans ranging in amounts of $417,001 to $2,000,000. Maximum loan amount and minimum downpayment required is determined by number of units and whether this is a primary (max 4 units) or vacation (max 1 unit) home.
For non-owner occupied rates please call 518-464-5357.