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Adjustable Rate Mortgage

Adjustable rate mortgages (ARMs) have an initial period of usually 3 or 5 years with a fixed rate. After that initial period, the interest rate resets periodically based on an index and a margin.

For example, a 5/1 ARM will have a rate that is fixed for the first 5 years of the loan. Then the rate will reset annually thereafter.

Interest rate caps and floors may limit how much your interest rate may adjust annually or over the life of the loan.

Check out our interest rates and pricing options, use our online calculators and apply online or in person for a quick decision.

Visit CCU's Mortgage Center

For additional information, please call the CCU Mortgage Center at 978-968-2200 and speak to one of our professional mortgage lending representatives or email us at  mortgagecenter@myccu.org.






NMLS Registry Information for Community Credit Union Mortgage Loan Originators