7/3 Adjustable Rate Mortgage

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A PNCU 7/3 Adjustable Rate Mortgage (ARM) offers a fixed interest rate for the first 7 years of the loan and will adjust every 3 years thereafter.

What are the advantages of a 7/3 ARM?

  • Lower payments during the fixed-rate period: Any ARM loan offers potential savings during the initial fixed-rate period compared to a standard fixed-rate loan. With a 7/3 ARM, your introductory period is locked in for 7 years before any adjustments are made. This period gives you 7 years of predictable payments at a low interest rate.
  • Flexibility: If you think your life may change in the next few years, an ARM loan can be a great idea and a way to save money.
  • Invest: It can help borrowers save and invest more money. Someone who has a payment that is less with an ARM can put that savings in a higher-yielding investment.

View Our Rates

ProgramMaximum TermInterest Rate*APR*Fully Indexed RateMonthly Payment per $1,000**
5/1 ARM30 Years4.500%6.156%7.000%$5.07
7/3 ARM30 Years4.875%6.547%7.000%$5.29
10/1 ARM30 Years5.000%5.842%7.000%$5.37
*Rates and APR's are effective as of September 27, 2022 and subject to change without notice. Rates and APRs (annual percentage rate) shown above assume a $100,000 loan amount and a 20% down payment/equity position. Maximum 80% loan to value (LTV) on all ARM products. Homeowner’s insurance and flood insurance (if applicable) are required. Maximum loan amount is $647,200. All loan applications are subject to credit union underwriting guidelines and property approval. Rates shown above are specific to each transaction and are subject to change based upon the borrower's credit score, loan to value, loan purpose, property type and other applicable factors. Your rate and APR may be different. These products are for owner occupied properties only. Please contact a mortgage loan originator for more information.

**Payments do not include real estate taxes or insurance. Your payment obligation may be greater.

You must become a member of the Polish National Credit Union if you are granted a loan and must remain a member for the life of the loan. Membership is attained by opening a deposit account and is open to individuals who live, work, worship or attend school in Hampden, Hampshire, Berkshire and Franklin counties in Massachusetts and Hartford, Litchfield and Tolland counties in Connecticut. Please contact a mortgage loan originator for more information.

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