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5/5 ARM Special Introductory Offer

This 5/5 ARM program was designed by ABCO FCU to provide our members with a unique mortgage option that offers low initial payments, but with more stability than a traditional ARM.

  • Special introductory rate of 3.50% (4.396% APR*) for the first 60 months
  • Rate changes only every 5 years
  • Max increase of 5% over the life of the loan; Max 2% increase for the first rate change
  • Minimum down payment as low as 3%

Special introductory offer ends when we loan out $5,000,000 or April 29th, whichever comes first.

Ready to get started? Click here to apply >> or reach out to our Lending Center:

ABCO FCU Lending Center
(800) 225-1859 ext. 7613
[email protected]

Hours:
M-F 9:00am-6:00pm
Saturday 9:00am-1:00pm


ABCO Federal Credit Union NMLS#541573
Equal Housing Opportunity Lender

ABCO Federal Credit Union’s adjustable rate mortgage (ARM) product and 3.50% introductory rate is available for applications submitted between 4/8/2019 and 4/29/2019, or until ABCO FCU lends $5,000,000, whichever comes first. Available to all eligible borrowers with a Credit Score of 680 and above. Maximum LTV 80%. Maximum Loan Amount is $453,100. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All applicants are subject to approval under ABCO Federal Credit Union (NMLS ID# 541573) underwriting guidelines.

*The information provided is based on an assumption of purchase or refinance of a property with a loan amount of $200,000 and an estimated property value of $250,000. Example property is an existing single family, stick built, first lien, owner-occupied residence. With an assumed credit score of 740, at a 3.50% interest rate the APR (annual percentage rate) for this loan is 4.362%. The initial payment on a 30-year $200,000, 5-year Adjustable Rate Loan with a note rate of 3.50% at 80% loan-to-value (LTV) is $898.09. Payment amount shown does not include taxes and insurance premiums, actual payment amount may be greater. At the time of first adjustment, the interest rate cannot increase above 5.50% or decrease below 2.75% (the margin). If the interest rate reaches the lifetime maximum cap of 8.50%, your payment would be $1,370. Actual payment amounts will vary every five years based on changes in the CMT index. Subject to change without notice.

 

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