MORTGAGE RATES AS LOW AS 6.250% / 6.856% APR

LAPFCU’s adjustable-rate mortgage (ARM) loans feature a low initial fixed-interest rate, followed by periodic rate adjustments. 

 

 

LOAN TERM RATE APR Payment per $100,000*
5/1 ARM**30-Years (Subject to annual adjustment after 5 years fixed)6.250%6.856%$615.72
5/5 ARM^30-Years (Subject to 5-year adjustment after 5 years fixed)6.375%6.544%$623.87

Why Choose an ARM?

  • Lower initial fixed-interest rate, followed by periodic rate adjustments
  • Put as little as 10% down, or refinance up to 80% of your home’s value
  • Can help you qualify for a larger loan with lower monthly payments, so owning a home is more affordable
  • No pre-payment penalty, so you can refinance into a stable, fixed-rate loan later if rates drop and you have sufficient equity

INCLUDES END OF WATCH DEBT PROTECTION AT NO COST!^^