Adjustable-Rate Mortgage

Adjustable-Rate Mortgage with Delta community credit union

Low Initial Monthly Home Loan Payments

What Is an Adjustable-Rate Mortgage?

An Adjustable-Rate Mortgage (ARM) is a home loan that usually has a set, low fixed-interest rate for a certain period of time, like 5, 7 or 10 years. For the remainder of the home loan, the interest rate would adjust annually, depending on the market. An ARM is also known as a Variable-Rate Mortgage or a Floating-Rate Mortgage.

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Things to Consider with an Adjustable-Rate Mortgage

Be sure to remember that with this particular loan your monthly payments may increase, but the benefit of having low rates initially can save you money.

Here are a few of the things you’ll find with our Adjustable-Rate Mortgages:

  • 5, 7 and 10 year fixed period
  • 6% lifetime cap over the original rate
  • Interest rate increases and decreases are limited to a 2% per year cap
  • No negative amortization
  • No prepayment penalty
  • Competitive fees

Is an Adjustable-Rate Mortgage Right for You?

Adjustable-Rate Mortgage loans are great if you’re:

  • Planning not to stay in a property for a long time
  • Want a home loan with lower initial monthly payments
  • Think interest rates will go down in the future

Properties that qualify for our Adjustable-Rate Mortgage are primary residences, second/vacation homes and rental properties.

Learn More About Adjustable-Rate Mortgages


  • Home Loan Rates

    Find the Best Adjustable-Rate Mortgage That Fits Your Needs

    Low home loan rates for 5, 7, or 10 year adjustable-rate mortgages.

    View Our Credit Union Mortgage Rates and More:

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  • Apply Now

    Lock in Your Low Interest Mortgage Now

    Apply for an Adjustable-Rate Mortgage and you might even receive an instant approval based on your credit report.

    Finding the right home financing solution can seem like a difficult process, but Delta Community will help you navigate financing your home. Contact us at 866-963-7811 to speak to a Home Loan Specialist closest to you. We look forward to speaking with you soon about our mortgage services.

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