Adjustable-Rate Mortgage (ARM)

An Adjustable-Rate Mortgage will typically offer a lower interest rate that is fixed for an initial period and then will adjust after the initial fixed period has ended. An Adjustable-Rate Mortgage may be the right choice if you:

  • Plan on moving in seven years or less
  • Are looking for payments that are initially lower
  • Will have increased income in the future and would like lower payments now

Adjustable-Rate Mortgage Loan Benefits

  • A low fixed-rate for a specified period of time, then adjusts based on the terms of your mortgage agreement
  • Flexible terms including: 3, 5 and 7 years
  • No prepayment penalties
  • Make mortgage payments and check your balance through Online & Mobile Banking or by phone

Customizable Solutions

DuPage Credit Union also offers a variety of unique mortgages that can be customized to meet your specific needs to include but are not limited to:

  • Moderate to low income options
  • No PMI (Private Mortgage Insurance) options
  • Less than perfect credit options
  • Low interest rate options
  • Combined instant home equity options

Benefits of a DuPage Credit Union ARM

Whether you’re financing your first home or your fifth, enjoy exceptional personal service, customized solutions and benefits that save you time and money, including:

  • Non-commissioned Home Loan Experts
  • No application fee until you lock your rate
  • Lower Private Mortgage Insurance (PMI), if applicable
  • The ability to conveniently and securely submit and receive documents online
  • Our Mortgage Care-N-Tee¹ to meet your original closing date, for purchase loans
  • Knowing you will always make your mortgage payments directly to DuPage Credit Union
  • And more!