We offer ARM mortgages with down payment options starting as low as 3% for first time home buyers
Choosing the right mortgage can be as crucial to your financial health as selecting the right home is to your personal happiness. For many, an Adjustable Rate Mortgage* (ARM) offers a blend of affordability and adaptability that fits their needs perfectly.
ARMs can help first-time homebuyers afford a new home. However, careful consideration of your financial goals, risk tolerance, and long-term plans is essential. Consulting with a qualified mortgage consultant can help you understand your options and choose the loan that best suits your situation.
To assist first-time buyers or those who have not owned property for three years realize their dream of owning a home, SCU Credit Union offers a $500 discount towards closing costs on our Fixed Rate and Adjustable Rate Mortgages.
Term | Rate | Points | APR1 | Monthly Payment per $1000 | Alert Me |
---|---|---|---|---|---|
5/5 Years (30 Years)2 | 6.125% | 0 | 6.551% | $6.08 | Receive a notification when this rate changes |
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