An Adjustable Rate Mortgage (ARM) is a 30-year mortgage that usually has a short-term fixed rate period at the beginning of the loan (your rate remains fixed during the first few years of the loan, as does your payment amount). After the initial fixed rate period is
over, the rate can adjust annually (3 or 5 years). We offer ARMs on amounts up to $8 Million.
Fund a new mortgage and we'll waive our lender fees on adjustable rate mortgages — you save $500.*
Click here for our current loan program options or contact one of our Mortgage Consultants for more details.
Keep your eye on mortgage market trends! Use our Rate Watch tool and we will email you current rate information based on your inputs.
*$500 application fee required with application and is non-refundable if loan does not fund. Tech CU will waive the loan origination fee of $500. All other Third Party Service Provider fees will apply. Offer applies only to single family, owner-occupied transactions in California and cannot be combined with other offers. Offer applies to adjustable rate mortgages only for applications received by December 31, 2017 and funded by February 28, 2018. FHA, Business, and Commercial loans are not eligible. For additional details, speak to a Mortgage Consultant.
**The Tech CU Quick Close Guarantee ("Guarantee") is available only on an approved application for a first-position loan used to purchase an owner-occupied 1-4 unit California residential dwelling. Applicant must request the Quick Close Guarantee from a Tech CU Mortgage Consultant at the time of application. Other real estate-secured loans are not eligible. If, due to circumstances within Tech CU's control, an eligible loan fails to close within 10 business days after Tech CU receives a complete loan application, borrower will receive a $500 gift card. One gift card per loan. No cash substitution. Gift card will not be replaced if lost or stolen. A complete application includes, at minimum, all documents and verifications required of applicant and third parties such as employer, appraiser, title company and HOA; additional documents may, at Tech CU's reasonable discretion, be required before application package is deemed complete for purposes of the Guarantee.