Life is always changing-your mortgage rate must maintain. Adjustable-rate mortgages (ARMs) offer the benefit of lower rates of interest in advance, supplying an adaptable, cost-effective mortgage option.

Adjustable-rate mortgages are constructed for versatility

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

An ARM is ideal for short-term homeowners, purchasers expecting earnings growth, investors, those who can manage danger, novice property buyers, and people with a strong financial cushion.

- Initial fixed regard to either 5 years or 7 years, with payments computed over 15 years or thirty years *

- After the initial set term, rate adjustments occur no more than when per year

- Lower introductory rate and initial regular monthly payments

- Monthly mortgage payments might reduce

Wish to find out more about ARMs and why they might be a good fit for you?

Take a look at this video that covers the essentials!

Choose your loan term

Tailor your mortgage to your requirements with our flexible loan terms on a 5/1 ARM or 7/1 ARM. These alternatives feature a preliminary fixed regard to either 5 years or 7 years, with payments computed over 15 years or 30 years. Choose a shorter loan term to save thousands in interest or a longer loan term for lower regular monthly payments.

Mortgage loan pioneer and servicer details

- Mortgage loan originator information Mortgage loan originator info The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) needs credit union mortgage loan pioneers and their utilizing organizations, along with employees who act as mortgage loan originators, to register with the Nationwide Mortgage Licensing System & Registry (NMLS), acquire a special identifier, and preserve their registration following the requirements of the SAFE Act.

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

Requests for information related to or resolution of an error or mistakes in connection with an existing mortgage loan should be made in composing via the U.S. mail to:

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

Mortgage payments might be sent through U.S. mail to:

University Credit Union/TruHome.
PO Box 219958.
Kansas City, MO 64121-9958

Contact TruHome by phone throughout company hours at:

855.699.5946.
5 am - 6 pm PST Monday-Friday, 6 am - 11 am PST Saturday

Mortgage alternatives from UCU

Fixed-rate mortgages

Refinance from a variable to a set rates of interest to take pleasure in foreseeable month-to-month 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 adjusts gradually based upon the market. ARMs typically have a lower initial rates of interest than fixed-rate mortgages, so an ARM is a money-saving choice if you want the generally most affordable 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 a terrific alternative for short-term property buyers, buyers expecting income development, financiers, those who can manage danger, first-time homebuyers, or individuals with a strong monetary cushion. Because you will receive a lower initial rate for the fixed period, an ARM is perfect if you're planning to offer before that duration is up.

Short-term Homebuyers: ARMs offer lower preliminary expenses, suitable for those planning to offer or re-finance rapidly.

Buyers Expecting Income Growth: ARMs can be beneficial if income increases substantially, balancing out potential rate increases.

Investors: ARMs can potentially increase rental earnings or residential or commercial property appreciation due to lower preliminary costs.

Risk-Tolerant Borrowers: ARMs offer the capacity for substantial savings if rates of interest remain low or decrease.

First-Time Homebuyers: ARMs can make homeownership more available by reducing the preliminary financial difficulty.

Financially Secure Borrowers: A strong monetary cushion helps reduce the risk of possible payment boosts.


To qualify for an ARM, you'll generally need the following:

- A great credit score (the specific score varies by loan provider).

- Proof of earnings to demonstrate you can handle month-to-month payments, even if the rate adjusts.

- A reasonable debt-to-income (DTI) ratio to show your ability to handle existing and new debt.

- A deposit (typically at least 5-10%, depending upon the loan terms).

- Documentation like tax returns, pay stubs, and banking statements.


Getting approved for an ARM can sometimes be simpler than a fixed-rate mortgage because lower preliminary rate of interest indicate lower preliminary regular monthly payments, making your debt-to-income ratio more beneficial. Also, there can be more versatile criteria for credentials due to the lower introductory rate. However, lending institutions might wish to guarantee you can still manage payments if rates increase, so excellent credit and stable earnings are essential.

An ARM typically includes a lower preliminary rate of interest than that of a comparable fixed-rate mortgage, giving you lower regular monthly payments - at least for the loan's fixed-rate period.

The numbers in an ARM structure describe the initial fixed-rate period and the change duration.

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

- Example: In a 7/1 ARM, the rates of interest is repaired for the first 7 years.


Second number: Represents the frequency at which the rate of interest can adjust after the preliminary fixed-rate period.

- Example: In a 7/1 ARM, the interest rate can adjust each year (when every year) after the seven-year set period.


In easier terms:

7/1 ARM: Fixed rate for 7 years, then changes each year.

5/1 ARM: Fixed rate for 5 years, then adjusts annually.


This numbering structure of an ARM helps you comprehend how long you'll have a stable interest rate and how frequently it can change afterward.

Applying for an adjustable -rate mortgage at UCU is easy. Our online application website is developed to stroll you through the procedure and assist you send all the necessary files. Start your mortgage application today. Apply now

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

Consider an ARM if:

- You prepare to offer or refinance before the adjustable period starts.

- You want lower preliminary payments and can deal with prospective future rate increases.

- You expect your income to increase in the coming years.

Consider a Fixed-Rate Mortgage if:

- You choose predictable month-to-month payments for the life of the loan.

- You prepare to remain in your home long-lasting.

- You want protection from interest rate variations.

If you're uncertain, speak to a UCU professional who can help you assess your options based on your monetary situation.

How much home you can pay for depends on several elements. Your deposit can differ from 0% to 20% or more, and your debt-to-income ratio will affect your accepted mortgage quantity. Calculate your expenses and increase your homebuying knowledge with our valuable tips and tools. Learn more

After the initial fixed duration is over, your rate might adapt to the marketplace. If prevailing market interest rates 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 always an opportunity to refinance. Discover more

* UCU ARM pricing based upon 1 year Constant Maturity Treasury (CMT). Rates subject to change. All loans are offered for purchase or refinance of main house, second home, investment residential or commercial property, single family, one-to-four-unit homes, prepared unit advancements, condos and townhomes. Some restrictions might use. Loans issued based on credit evaluation.