Adjustable-Rate Mortgages

FedChoice is happy to announce that two different Adjustable-Rate Mortgages (ARMs) are now available!

  • 15/15 Adjustable-Rate Mortgage has a fixed interest rate for the first 15 years and only adjusts one time, after the first 15-year period has passed.
  • 5/5 Adjustable-Rate Mortgage has a fixed interest rate for the first 5 years (60 months) and then adjusts in year 6 and every 5 years afterwards (years 6, 11, 21, and 26).

In the rising rate environment that we're currently experiencing, an Adjustable-Rate Mortgage may be a perfect loan product for a first-time home buyer and for members seeking an economical financing solution to purchase their next home.

Your mortgage payment may be lower than a "standard" 30-year fixed rate mortgage plus you could save thousands in interest over the term of the loan!

Call the FedChoice Real Estate Department at 301.699.6126 to speak with a Real Estate Loan Officer today to learn more about these loan options!​

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