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  • Adjustable Rate Mortgages (ARMs) up to $8 Million

    An Adjustable Rate Mortgage is a 30-year mortgage that usually has a short-term fixed rate period at the beginning of the loan. Your rate remains fixed during the first few years of the loan, as does your payment amount. After the initial fixed rate period is over, the rate can adjust annually (or 3 or 5 years).

    Fund a new mortgage and we'll waive our lender fees on adjustable rate mortgages —
    you save $1,045*

     

    Apply Online >>

     

    Benefits of an Adjustable Rate Mortgage:


    • Click here for our current loan program options, or ask a Tech CU Mortgage Consultant for details.
    • Lower monthly payments in the initial years of the mortgage.
    • If you anticipate your income increasing in the future, or if you plan on staying in your home for seven years or less, an Adjustable Rate Mortgage (ARM) may be a great option.
    • Quick-Close Guarantee: If we don’t close your purchase loan in 10 business days, you’ll receive a $500 gift card!**
    30-Year Adjustable Rate Mortgage
    Details  
    Availability 1-year, 3-year, 5-year, 7-year fixed rate for the initial period; adjusts annually (or 3 or 5 years) thereafter. 
    Pre-payment penalty N/A
    Options No Cost***
    Property limitations California, Oregon, Washington, and Arizona properties: primary residences, second or vacation homes, and 1-4 unit non owner-occupied residences

     

    *$500 fee required with application. Tech CU will waive other internal origination fees and refund application fee at escrow for total savings of $1,045. $500 application fee is non-refundable if loan does not fund. All other Third Party Service Provider fees will apply. Offer applies only to single family owner-occupied transactions in California and cannot be combined with other offers. Offer applies to adjustable rate mortgages only for applications received by June 30, 2014 and funded by June 30, 2014. FHA, Business, and Commercial loans are not eligible. For additional details, speak to a Mortgage Consultant.

    **Quick-Close Guarantee available on single family purchase transactions only. Refinances are not eligible. 10-day close is for the purchase of a primary home in California and this is dependent on the borrower and third parties providing the credit union the required information to fund the loan. If the borrower and third parties provide Tech CU with all required information on time and Tech CU does not fund the loan in 10 business days (from application to close), Tech CU will give a $500 gift card to the borrower. $500 gift card not redeemable for cash. Tech CU is not responsible for replacing lost or stolen gift cards. All loans require Tech CU membership and credit approval. Additional conditions and restrictions may apply. To qualify for the offer and for more details, you must advise your Mortgage Consultant that you are requesting a 10 day close.

    ***A "No Cost" version requires no lender closing costs or third party costs (such as appraisal and title) to establish the loan. No cost option available on 3/1, 5/1, 7/1, 3/3, and 5/5 adjustable rate mortgages only.
    Rates and terms subject to change without notice. Additional conditions may apply.