Life is constantly changing-your mortgage rate ought to keep up. Adjustable-rate mortgages (ARMs) use the convenience of lower interest rates upfront, offering an adaptable, economical mortgage option.

Adjustable-rate mortgages are built for versatility

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

An ARM is perfect for short-term homeowners, purchasers expecting income growth, investors, those who can handle risk, novice property buyers, and people with a strong financial cushion.

- Initial fixed term of either 5 years or 7 years, with payments calculated over 15 years or 30 years *

- After the preliminary fixed term, rate modifications take place no more than once per year

- Lower initial rate and initial month-to-month payments

- Monthly mortgage payments might reduce

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

Have a look at this video that covers the basics!

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 choices feature an initial set regard to either 5 years or 7 years, with payments calculated over 15 years or 30 years. Choose a shorter loan term to conserve thousands in interest or a longer loan term for lower monthly payments.

Mortgage loan originator and servicer details

- Mortgage loan begetter info Mortgage loan originator info The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) needs cooperative credit union mortgage loan begetters and their employing institutions, as well as workers who serve as mortgage loan begetters, to register with the Nationwide Mortgage Licensing System & Registry (NMLS), acquire a distinct identifier, and keep their registration following the requirements of the SAFE Act.

University Cooperative credit union's registration is NMLS # 409731, and our individual 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 details concerning mortgage loan originators at no charge through www.nmlsconsumeraccess.org.

Ask for info associated to or resolution of an error or mistakes in connection with an existing mortgage loan need to 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 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 choices from UCU

Fixed-rate mortgages

Refinance from a variable to a set rate of interest to take pleasure in foreseeable regular monthly 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 a rates of interest that adjusts with time based on the marketplace. ARMs usually have a lower preliminary rates of interest than fixed-rate mortgages, so an ARM is a money-saving option if you want the normally least expensive possible mortgage rate from the start. Discover 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, purchasers anticipating earnings development, investors, those who can handle threat, novice homebuyers, or people with a strong financial cushion. Because you will receive a lower initial rate for the set duration, an ARM is perfect if you're preparing to sell before that duration is up.

Short-term Homebuyers: ARMs offer lower initial costs, suitable for those planning to sell or refinance quickly.

Buyers Expecting Income Growth: ARMs can be helpful if income rises substantially, balancing out possible rate boosts.

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

Risk-Tolerant Borrowers: ARMs provide the potential for considerable cost savings if interest rates stay low or decrease.

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

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


To certify for an ARM, you'll usually need the following:

- An excellent credit rating (the specific score differs by lender).

- Proof of earnings to show you can manage regular monthly payments, even if the rate adjusts.

- A sensible debt-to-income (DTI) ratio to show your ability to deal with existing and brand-new debt.

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

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


Qualifying for an ARM can sometimes be easier than a fixed-rate mortgage since lower preliminary interest rates suggest lower preliminary month-to-month payments, making your debt-to-income ratio more favorable. Also, there can be more versatile requirements for credentials due to the lower introductory rate. However, loan providers might wish to ensure you can still manage payments if rates increase, so great credit and stable income are crucial.

An ARM often comes with a lower preliminary rate of interest than that of an equivalent fixed-rate mortgage, offering you lower regular monthly payments - a minimum of for the loan's fixed-rate period.

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

First number: Represents the variety of years during which the rate of interest remains set.

- Example: In a 7/1 ARM, the rate of interest is fixed for the first seven years.


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

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


In simpler terms:

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

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


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

Applying for an adjustable -rate mortgage at UCU is simple. Our online application portal is developed to stroll you through the procedure and assist you submit all the required documents. Start your mortgage application today. Apply now

Choosing between an ARM and a fixed-rate mortgage depends on your monetary objectives and strategies:

Consider an ARM if:

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

- You want lower initial payments and can manage prospective future rate increases.

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

Consider a Fixed-Rate Mortgage if:

- You prefer foreseeable regular monthly payments for the life of the loan.

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

- You desire protection from interest rate variations.

If you're unsure, talk with a UCU specialist who can assist you examine your options based upon your financial scenario.

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

After the initial set duration is over, your rate may get used to the market. If dominating market interest rates have actually decreased at the time your ARM resets, your month-to-month payment will also fall, or vice versa. If your rate does go up, there is constantly an opportunity to refinance. Find out more

* UCU ARM pricing based on 1 year Constant Maturity Treasury (CMT). Rates subject to alter. All loans are offered for purchase or refinance of primary house, 2nd home, financial investment residential or commercial property, single household, one-to-four-unit homes, planned system developments, condominiums and townhouses. Some constraints might use. Loans released based on credit evaluation.