Skip nav to main content.
Adjustable Rate Mortgages (ARM)

Get lower rates on your mortgage to purchase your next home

With an Adjustable Rate Mortgage from SFCU, you can get low fixed rates for a time to keep your monthly payments low and more money in your account.


Low Initial Rate

Enjoy a low fixed rates for the first 60-120 months to get a head start making lower payments.



Flexibility for borrowers who plan to move in the future or who anticipate their income increasing.

023-money bag

Interest Rate Caps

Adjustment period and lifetime interest rate adjustment caps make it easy to predict how much your payments could be in the long run.


Various ARM Options

Choose between 5/1, 7/1 or 10/1 ARM options to find the mortgage loan that works best for your budget and goals.


More Purchasing Options

Use your ARM funds to purchase the property that best suits your needs, whether it's a home, land, or mobile home for more buying flexibility.


View rates
As low as

Estimate your monthly payment

Let's see what your monthly payment could be.

Monthly Payment

Fixed Rate Periods

Fixed rates make predictable payments

Depending on the ARM option you choose, you can enjoy low fixed rates for the first 60-120 months. Fixed rates make it easy to predict your monthly payments and get a head start on paying off your loan.

Untitled design (78)
First Time Home Buyers Program

Choose a loan that works best for your budget and goals

With an Adjustable Rate Mortgage from SFCU, you can get a competitive 15/15 ARM to keep your monthly payments low and more money in your account. Check out all the advantages of financing your first home with SFCU.

Untitled design (79)

How it works

Becoming a homeowner is achievable in a few steps with SFCU

  • 1

    Complete an application

    Our friendly & professional Mortgage Specialists will guide you through the application process

  • 2

    Get an answer

    We'll crunch the numbers and let you know if you're approved.

  • 3

    Buy your home

    With your mortgage funds you can purchase your home

Contact Us


Have a question? Get in touch with us

Low initial rates make homebuying more affordable

The home you need is within reach with an Adjustable Rate Mortgage from SFCU. ARM loans typically have lower rates for the initial fixed period, making it easier to afford the home you need.


Annual Percentage Rate (APR) - Based on the final loan amount and applicable finance charges.

Monthly Payment Examples (excludes any applicable taxes & insurances):ย Assumes a loan amount of $100,000. All adjustable payments (including First Time Home Buyer Mortgage) quoted assume a 30-year amortization (unless noted).
100% Financing Mortgage payment quoted assumes a 20-year amortization.
Drop My Rate Mortgage payment quoted assumes 25-year amortization.
Vacation Home payment quoted assumes a 15-year amortization.
Manufactured/Mobile w/Land payment quoted assumes a 20-year amortization.

Purchase & Limited Cash Out Maximum Loan-To-Value (LTV):ย *Mortgages with LTV over 80% require Private Mortgage Insurance except for the First Time Home Buyer Program. Maximum LTV may vary contact SFCU for details.
Primary Residence (Single Family) โ€“ 97% LTV
Primary Residence (2-4 Family) โ€“ 95% LTV
  • LTV 80.01% - 89.99% - Rate Add 0.25%
  • LTV 90.00% - 95.00% - Rate Add 0.50%

Vacation Home/Second Home (Single Family) โ€“ 80% LTV
Manufactured/Mobile Home โ€“ 80% LTV 

Cash Out Maximum Loan-To-Value (LTV):
Primary Residence (Single Family) โ€“ 80% LTV
Primary Residence (2-4 Family) โ€“ 75% LTV

Escrow Requirements:ย Any mortgage with an LTV over 80% requires an escrow account be established.
Homeowners Insurance:ย Proof of homeowners insurance is required on all residential loans. Proof of flood insurance may be required.
Jumbo Mortgages:ย Are available and are 0.25% higher rate. Contact the Credit Union for details.

First Time Home Buyer Program: 
15/15 Adjustable-Rate Mortgage with 30-year amortization.
100% financing of the purchase price/appraised value, whichever is lower.
Private Mortgage Insurance (PMI) not required.
Single Family primary residences only.
Escrow Required.

100% Financing Mortgage:
5/1 Adjustable-Rate Mortgage with 20-year amortization or 20-year fixed rate.
100% financing of the purchase price/appraised value, whichever is lower.
Single Family primary residence only.
Private Mortgage Insurance (PMI) required.
Escrow Required.
Escrow account setup, prepaids and closing costs cannot be financed and are to be paid by the borrower.

Drop My Rate Mortgage:
25-year fixed rate mortgage.
No-refi rate drop request available until after 12 months.
You must pay attorney fee document preparation fee, county recording fee and processing fee.
Maximum # rate drop requests โ€“ 2 (with at least 12 months between each request).

Required criteria to engage no-refi rate-drop option:
  • Loan must be current with no more than one monthly payment, which includes principal, interest, taxes, and insurance, that has been 30-days late or more within the last 12 months of your request.
  • Made at least 12 consecutive monthly payments, which includes principal, interest, taxes, and insurance, on your loan since closing or the last time you exercised your no-refi rate-drop option.
  • You do not have an active bankruptcy case pending or you have not filed for bankruptcy protection within 6 months prior to your request.
  • Loan is not in an active loss mitigation option, process, or consideration.
  • Continue to own the property, notwithstanding successor-in-interest exceptions
To take advantage of the no-refi rate-drop option, you must contact SFCU. You are responsible for monitoring SFCUโ€™s available rates and determining when to take advantage the no-refi rate-drop option, subject to the eligibility criteria identified above. Contact SFCU at 1-877-642-7328 to check your eligibility and current rates. SFCU will only reduce the interest rate all applicable criteria are satisfied at time of your request.

Engaging the no-refi rate-drop option will permanently reduce your interest rate, as well as the remaining principal and interest payments on your loan but will not modify any other terms contained in your loan documents, including the principal balance, maturity date, and additional amounts due for escrows as part of your monthly payment.

Adjustable-Rate Mortgage rate and payment changes:
The rate indicated for adjustable-rate mortgages is the initial rate and is subject to increase. Adjustable-Rate Loans may be amortized over 20, 25 or 30 years. Manufactured/Mobile with land is amortized over 15 or 20 years.

Example: The 5/1 ARM will have a constant interest rate for the first five years. Then the adjustable rate may change annually thereafter ("Change Date" as indicated in the Note) based on an "Index" which is the 1-Year Constant Maturity Treasury (1-Yr CMT) adjusted to a constant maturity of 1 year as made available by the Federal Reserve Board. The most recent index available as of 45 days before each Change Date is called the "Current Index". Before each Change Date, the Note Holder will calculate the new interest rate by adding the "Margin" to the "Current Index". The note holder will then round the result of this addition to the nearest one-eighth of one percentage point (0.125%). This rounded amount will be the interest rate until the next "Change Date". The rate may not adjust more than the Per Adjustment Cap indicated above on each "Change Date". The total loan adjustment will not adjust more than the Lifetime Cap indicated above over the lifetime of the loan. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that would be due in full on the maturity date at the new interest rate in substantially equal payments. The result of the calculation will be the new amount of monthly payment.

Additional Disclosure Details:
  • Rates are subject to change at any time.
  • The Credit Union reserves the right to modify or suspend any conditions of the loan programs at any time without prior notice.
  • Loan must meet credit, appraisal, and other guidelines. Title insurance is required.
  • Mortgage loans are available in NY, NJ and PA only.


We will be CLOSED Saturday, May 25th and Monday, May 27th in observance of Memorial Day. If you are contacted and asked to provide your online banking credentials, passwords or any other SFCU account information, do not share this confidential information! Immediately hang up and call us at the phone number provided on our website during regular business hours. Scammers may try to represent themselves as SFCU staff or create a sense of urgency. Do not become a victim of fraud.