Life is always changing-your mortgage rate need to maintain. Adjustable-rate mortgages (ARMs) offer the convenience of lower interest rates upfront, providing an adaptable, affordable mortgage service.

Adjustable-rate mortgages are built for flexibility

Not all mortgages are produced equal. An ARM provides a more versatile approach when compared to conventional fixed-rate mortgages.

An ARM is ideal for short-term house owners, buyers expecting earnings development, financiers, those who can manage risk, novice property buyers, and individuals with a strong monetary cushion.

- Initial fixed term of either 5 years or 7 years, with payments determined over 15 years or 30 years *

- After the initial fixed term, rate modifications take place no more than as soon as each year

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

- Monthly mortgage payments may reduce

Wish to discover more about ARMs and why they might be an excellent fit for you?

Have a look at this video that covers the basics!

Choose your loan term

Tailor your mortgage to your needs with our flexible loan terms on a 5/1 ARM or 7/1 ARM. These options feature an initial set term of either 5 years or 7 years, with payments computed over 15 years or thirty years. Choose a shorter loan term to save thousands in interest or a longer loan term for lower monthly payments.

Mortgage loan pioneer and servicer information

- Mortgage loan begetter information Mortgage loan producer information The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires cooperative credit union mortgage loan pioneers and their utilizing organizations, along with workers who serve as mortgage loan begetters, to sign up with the Nationwide Mortgage Licensing System & Registry (NMLS), get an unique identifier, and preserve their registration following the requirements of the SAFE Act.

University Credit Union's registration is NMLS # 409731, and our specific 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, consumers can access info concerning mortgage loan originators at no charge through www.nmlsconsumeraccess.org.

Ask for info associated to or resolution of a mistake or errors in connection with an existing mortgage loan should be made in composing by means of the U.S. mail to:

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

Mortgage payments may be sent out via 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 choices from UCU

Fixed-rate mortgages

Refinance from a variable to a set rates of interest to take pleasure in foreseeable regular 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 an interest rate that changes in time based upon the marketplace. ARMs typically have a lower preliminary rate of interest than fixed-rate mortgages, so an ARM is a money-saving option if you desire the generally lowest possible mortgage rate from the start. Find out more

- Who would benefit most from an ARM? Who would benefit most from an ARM? An ARM is a great alternative for short-term property buyers, purchasers expecting income growth, investors, those who can manage threat, newbie property buyers, or people with a strong financial cushion. Because you will get a lower preliminary rate for the set period, an ARM is ideal if you're planning to sell before that period is up.

Short-term Homebuyers: ARMs offer lower preliminary costs, ideal for those planning to sell or re-finance rapidly.

Buyers Expecting Income Growth: ARMs can be beneficial if earnings increases considerably, offsetting prospective rate boosts.

Investors: ARMs can potentially increase rental earnings or residential or commercial property appreciation due to lower initial costs.

Risk-Tolerant Borrowers: ARMs provide the capacity for considerable cost savings if interest rates stay low or decrease.

First-Time Homebuyers: ARMs can make homeownership more available by lowering the preliminary monetary obstacle.

Financially Secure Borrowers: A strong monetary cushion helps reduce the danger of prospective payment increases.


To receive an ARM, you'll usually require the following:

- A great credit report (the specific rating varies by lender).

- Proof of income to demonstrate you can manage month-to-month payments, even if the rate changes.

- An affordable debt-to-income (DTI) ratio to show your capability to manage existing and brand-new financial obligation.

- A down payment (typically a minimum of 5-10%, depending upon the loan terms).

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


Receiving an ARM can in some cases be easier than a fixed-rate mortgage due to the fact that lower preliminary interest rates indicate lower initial regular monthly payments, making your debt-to-income ratio more beneficial. Also, there can be more versatile requirements for certification due to the lower introductory rate. However, lending institutions might wish to ensure you can still manage payments if rates increase, so great credit and stable earnings are essential.

An ARM often includes a lower initial interest rate than that of a similar fixed-rate mortgage, giving you lower month-to-month payments - a minimum of for the loan's fixed-rate period.

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

First number: Represents the variety of years during which the rates of interest stays set.

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


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

- Example: In a 7/1 ARM, the interest rate can adjust each year (when every year) after the seven-year set duration.


In simpler terms:

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

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


This numbering structure of an ARM assists you comprehend how long you'll have a steady rate of interest and how frequently it can alter later.

Requesting an adjustable -rate mortgage at UCU is simple. Our online application portal is created to stroll you through the process and help you submit all the necessary documents. Start your mortgage application today. Apply now

Choosing between an ARM and a fixed-rate mortgage depends upon your monetary goals and plans:

Consider an ARM if:

- You plan to offer or re-finance before the adjustable period begins.

- You want lower initial payments and can handle potential future rate increases.

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

Consider a Fixed-Rate Mortgage if:

- You choose predictable monthly payments for the life of the loan.

- You prepare to remain in your home long-term.

- You want defense from interest rate variations.

If you're uncertain, talk with a UCU specialist who can assist you examine your options based upon your monetary scenario.

Just how much home you can afford depends on numerous factors. Your down payment can differ from 0% to 20% or more, and your debt-to-income ratio will affect your approved mortgage quantity. Calculate your expenses and increase your homebuying understanding with our practical suggestions and tools. Learn more

After the initial set period is over, your rate may get used to the marketplace. If prevailing market interest rates have gone down at the time your ARM resets, your month-to-month payment will also fall, or vice versa. If your rate does increase, there is always a chance to refinance. Discover more

* UCU ARM pricing based on 1 year Constant Maturity Treasury (CMT). Rates subject to alter. All loans are offered for purchase or re-finance of main residence, second home, financial investment residential or commercial property, single household, one-to-four-unit homes, planned system developments, condos and townhouses. Some constraints may apply. Loans issued subject to credit review.