Life is constantly changing-your mortgage rate need to maintain. Adjustable-rate mortgages (ARMs) provide the benefit of lower rate of interest upfront, supplying an adaptable, cost-effective mortgage option.

Adjustable-rate mortgages are developed for flexibility

Not all mortgages are created equal. An ARM offers a more flexible method when compared with traditional fixed-rate mortgages.

An ARM is ideal for short-term homeowners, buyers anticipating income growth, financiers, those who can manage risk, newbie homebuyers, 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 initial set term, rate adjustments happen no more than once each year

- Lower introductory rate and preliminary month-to-month payments

- Monthly mortgage payments might decrease

Wish to find out more about ARMs and why they might be an excellent suitable for you?

Take a look at this video that covers the fundamentals!

Choose your loan term

Tailor your mortgage to your needs with our versatile loan terms on a 5/1 ARM or 7/1 ARM. These choices include an initial fixed regard to either 5 years or 7 years, with payments determined over 15 years or 30 years. Choose a shorter loan term to save thousands in interest or a longer loan term for lower regular monthly payments.

Mortgage loan producer and servicer info

- Mortgage loan begetter details Mortgage loan producer details The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) needs cooperative credit union mortgage loan originators and their using institutions, in addition to employees who function as mortgage loan originators, to register with the Nationwide Mortgage Licensing System & Registry (NMLS), get a special identifier, and preserve their registration following the requirements of the SAFE Act.

University Cooperative credit union's registration is NMLS # 409731, and our private pioneers' 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, customers can access information concerning mortgage loan pioneers at no charge through www.nmlsconsumeraccess.org.

Requests for information associated to or resolution of a mistake or errors in connection with an existing mortgage loan should be made in writing via the U.S. mail to:

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

Mortgage payments might 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 throughout service hours at:

855.699.5946.
5 am - 6 pm PST Monday-Friday, 6 am - 11 am PST Saturday

Mortgage options from UCU

Fixed-rate mortgages

Refinance from a variable to a fixed rates of interest to enjoy foreseeable 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 changes gradually based on the market. ARMs usually have a lower preliminary interest rate than fixed-rate mortgages, so an ARM is a money-saving choice if you want the generally most affordable 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 an excellent choice for short-term property buyers, buyers anticipating income growth, investors, those who can manage threat, newbie homebuyers, or individuals with a strong financial cushion. Because you will get a lower preliminary rate for the fixed duration, an ARM is ideal if you're planning to sell before that period is up.

Short-term Homebuyers: ARMs provide lower preliminary costs, suitable for those planning to offer or refinance rapidly.

Buyers Expecting Income Growth: ARMs can be helpful if earnings increases substantially, balancing out prospective rate boosts.

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

Risk-Tolerant Borrowers: ARMs use the potential for substantial savings if rates of interest stay low or decline.

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

Financially Secure Borrowers: A strong financial cushion helps alleviate the risk of prospective payment boosts.


To get approved for an ARM, you'll generally need the following:

- A good credit rating (the precise score varies by lender).

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

- A reasonable debt-to-income (DTI) ratio to show your ability to manage existing and brand-new debt.

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

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


Qualifying for an ARM can in some cases be much easier than a fixed-rate mortgage due to the fact that lower initial rate of interest mean lower initial month-to-month payments, making your debt-to-income ratio more favorable. Also, there can be more flexible requirements for certification due to the lower introductory rate. However, loan providers might wish to ensure you can still manage payments if rates increase, so good credit and steady earnings are crucial.

An ARM often comes with a lower initial rates of interest than that of an equivalent fixed-rate mortgage, offering you lower regular monthly payments - at least for the loan's fixed-rate duration.

The numbers in an ARM structure describe the preliminary fixed-rate duration and the modification duration.

First number: Represents the number of years throughout which the rates of interest remains fixed.

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


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

- Example: In a 7/1 ARM, the interest rate can adjust each year (as soon as every year) after the seven-year fixed period.


In simpler terms:

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

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


This numbering structure of an ARM helps you understand the length of time you'll have a steady interest rate and how frequently it can alter afterward.

Making an application for an adjustable -rate mortgage at UCU is easy. Our online application portal is developed to walk you through the procedure and assist you send all the needed files. Start your mortgage application today. Apply now

Choosing between an ARM and a fixed-rate mortgage depends on your financial objectives and plans:

Consider an ARM if:

- You plan to sell or refinance before the adjustable duration starts.

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

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

Consider a Fixed-Rate Mortgage if:

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

- You plan to stay in your home long-lasting.

- You want security from interest rate fluctuations.

If you're unsure, speak to a UCU specialist who can assist you evaluate your alternatives based on your monetary scenario.

Just how much home you can afford depends upon numerous elements. Your deposit 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 understanding with our useful ideas and tools. Learn more

After the initial set duration is over, your rate may get used to the marketplace. If dominating market rate of interest have decreased at the time your ARM resets, your month-to-month payment will likewise fall, or vice versa. If your rate does increase, there is always a chance to re-finance. Find out more

* UCU ARM prices based upon 1 year Constant Maturity Treasury (CMT). Rates subject to alter. All loans are offered for purchase or re-finance of main house, 2nd home, investment residential or commercial property, single household, one-to-four-unit homes, planned unit advancements, condominiums and townhouses. Some constraints might use. Loans provided subject to credit evaluation.