Life is always changing-your mortgage rate ought to maintain. Adjustable-rate mortgages (ARMs) offer the convenience of lower rate of interest upfront, providing an adaptable, cost-effective mortgage service.

Adjustable-rate mortgages are constructed for versatility

Not all mortgages are created equal. An ARM uses a more flexible approach when compared to standard fixed-rate mortgages.

An ARM is perfect for short-term property owners, buyers anticipating earnings growth, financiers, those who can handle danger, newbie homebuyers, and individuals with a strong financial cushion.

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

- After the preliminary fixed term, rate adjustments occur no more than when annually

- Lower initial rate and preliminary regular monthly payments

- Monthly mortgage payments might decrease

Wish to discover 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 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 computed over 15 years or thirty years. Choose a much shorter loan term to conserve thousands in interest or a longer loan term for lower regular monthly payments.

Mortgage loan producer and servicer details

- Mortgage loan originator information Mortgage loan pioneer details The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) needs credit union mortgage loan originators and their using organizations, as well as staff members who serve as mortgage loan pioneers, to register with the Nationwide Mortgage Licensing System & Registry (NMLS), acquire an unique identifier, and preserve their registration following the requirements of the SAFE Act.

University Cooperative credit union's registration is NMLS # 409731, and our specific begetters' 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, consumers can access information relating to mortgage loan pioneers at no charge by means of www.nmlsconsumeraccess.org.

Ask for information related to or resolution of an error or errors in connection with an existing mortgage loan need to be made in writing by means of the U.S. mail to:

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

Mortgage payments may be sent out by means of U.S. mail to:

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

Contact TruHome by phone during service 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 enjoy predictable monthly mortgage payments.

- What is a UCU adjustable-rate mortgage? What is a UCU adjustable-rate mortgage? An adjustable-rate mortgage (ARM), likewise called a variable-rate mortgage or hybrid ARM, is a mortgage with a rate of interest that adjusts with time based upon the marketplace. ARMs normally have a lower preliminary rate of interest than fixed-rate mortgages, so an ARM is a money-saving alternative if you desire the generally most affordable possible mortgage rate from the start. Learn more

- Who would benefit most from an ARM? Who would benefit most from an ARM? An ARM is a great option for short-term homebuyers, purchasers anticipating earnings development, investors, those who can handle threat, novice homebuyers, or individuals with a strong monetary cushion. Because you will receive a lower initial rate for the fixed duration, an ARM is perfect if you're planning to offer before that period is up.

Short-term Homebuyers: ARMs use lower preliminary costs, ideal for those preparing to offer or refinance rapidly.

Buyers Expecting Income Growth: ARMs can be beneficial if earnings increases substantially, offsetting possible rate boosts.

Investors: ARMs can potentially increase rental income or residential or commercial property appreciation due to lower initial expenses.

Risk-Tolerant Borrowers: ARMs offer the potential for significant savings if rates of interest remain low or decline.

First-Time Homebuyers: ARMs can make homeownership more accessible by decreasing the initial financial obstacle.

Financially Secure Borrowers: A strong monetary cushion assists mitigate the risk of possible payment increases.


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

- An excellent credit history (the precise rating varies by lending institution).

- Proof of income to demonstrate you can handle monthly payments, even if the rate changes.

- An affordable debt-to-income (DTI) ratio to reveal your capability to manage existing and brand-new financial obligation.

- A down payment (frequently a minimum of 5-10%, depending upon the loan terms).

- Documentation like income tax return, pay stubs, and banking declarations.


Getting approved for an ARM can sometimes be simpler than a fixed-rate mortgage because lower initial interest rates imply lower preliminary month-to-month payments, making your debt-to-income ratio more favorable. Also, there can be more versatile criteria for certification due to the lower initial rate. However, loan providers might desire to guarantee you can still afford payments if rates increase, so great credit and steady income are essential.

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

The numbers in an ARM structure refer to the preliminary fixed-rate period and the change period.

First number: Represents the variety of years throughout which the rates of interest stays set.

- 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 duration.

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


In easier terms:

7/1 ARM: Fixed rate for 7 years, then adjusts every year.

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


This numbering structure of an ARM assists you understand how long you'll have a stable interest rate and how typically it can alter later.

Looking for an adjustable -rate mortgage at UCU is simple. Our online application website is created to stroll you through the process and help you send all the required files. Start your mortgage application today. Apply now

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

Consider an ARM if:

- You prepare to sell or re-finance before the adjustable period begins.

- You desire lower initial payments and can deal with prospective future rate increases.

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

Consider a Fixed-Rate Mortgage if:

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

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

- You want protection from rates of interest changes.

If you're uncertain, speak to a UCU professional who can assist you assess your choices based on your financial scenario.

Just how much home you can pay for depends on several aspects. Your deposit can vary from 0% to 20% or more, and your debt-to-income ratio will impact your approved mortgage quantity. Calculate your expenses and increase your homebuying knowledge with our useful ideas and tools. Find out more

After the initial set period is over, your rate may adapt to the market. If dominating market rates of interest have actually gone down at the time your ARM resets, your regular monthly payment will also fall, or vice versa. If your rate does increase, there is always an opportunity to re-finance. Learn more

* UCU ARM pricing based upon 1 year Constant Maturity Treasury (CMT). Rates subject to alter. All loans are readily available for purchase or re-finance of primary house, 2nd home, investment residential or commercial property, single family, one-to-four-unit homes, planned system advancements, condominiums and townhouses. Some restrictions might use. Loans released based on credit review.