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Adjustable-Rate Mortgages

Adjustable-Rate Mortgages

De-fee your mortgage today and defend yourself against the banks.

Adjustable-Rate Mortgages

Earn +150 PointsWhat is This?

Adjustable-rate mortgages (ARMs) start with a fixed interest rate for a set period and then adjust when interest rates change over the life of the loan.

An adjustable-rate mortgage may be right for you if:

    • You want a lower initial monthly payment but anticipate being able to afford higher payments in the future.
    • You're planning on selling or refinancing your home within the fixed-rate period of the ARM.
    • You believe interest rates may fall.

Limited-Time Rate On 7/1 Adjustable-Rate Mortgages (ARM)

3.125% Rate 3.333% APR1

Avoid all kinds of fees:

    • No application fee
    • No lender fee
    • No processing fee
    • No document preparation fee

Apply by December 31, 2017 and lock in this special limited-time low rate! 

Get Pre-Qualified or Apply Today

Term Options Available

Options show the initial rate term / the frequency of adjustment / the length of loan in years.

  • 3/1/30
  • 5/1/30
  • 7/1/30
  • 10/1/30

Rate Adjustment Caps

All of Affinity's ARMs come with rate adjustment caps, meaning that your rate is guaranteed not to change more than a pre-determined percentage at each adjustment2. ARMs that adjust less frequently give you interest rates that are stable for longer periods of time.

1 Annual Percentage Rate (APR) subject to change without notice. Rate is available to qualified loans applied for by 09.30.2017 and closed by 11.30.2017. Stated rate is for the initial fixed period of 7 years.  Subsequent interest rates for each variable period will be based on the LIBOR index, as published in the Wall Street Journal, plus our margin rounded to the nearest one‐eighth of one percent (0.125%), unless calculated interest rate exceeds the set cap for the amount of change in the interest rate; currently, the fully indexed rate is 3.125%. Initial rate, APR and fees can vary depending on the size of the loan and the personal qualifications of individual members. Payments and APRs quoted are for a purchase/refinance loan amount of $200,000 on an owner-occupied single family property, with no cash out at closing, 20% down payment, 0 points, and a credit score of 740. Down-payment of less than 20% requires mortgage insurance. Property and flood insurance where required. Escrow account for the payment of taxes and insurance will be established. All loans subject to approval.

2 The rate can only change by 2% (up or down, minimum floor rate applies) after each adjustment period and a maximum of 5% above the initial start rate over the life of the loan. Minimum floor equals current CMT (Constant Maturity Treasury) rate plus 3% margin.