A dynamic solution in a challenging market
An adjustable-rate mortgage (ARM) offers flexibility, low rates, and low payments that can benefit a broad variety homebuyers, keeping the door to homeownership wide open in a tough market. Let CU SoCal help you walk through that door!
Rates
View All RatesKey Advantages
Lower initial rate
With an adjustable-rate mortgage, you can get lower rates to start compared to fixed rate mortgages. Outsmart the market and save money on your mortgage payments.
Multiple loan options to fit your lifestyle
We offer adjustable-rate mortgage options to fit any need or budget. We offer 5/1, 7/1 or 5/5 ARM options to give you more flexibility in your homebuying experience.
Low down payments available
Adjustable-rate mortgages don't require the same hefty down payment as other loan types. Get the home you deserve with as little as 5% down, depending on the type of loan.
Interest-only options
If you are looking for the lowest possible payments, our interest only adjustable-rate mortgages will maximize your cash flow with only interest payments for a set time period.
Your dream home is more affordable than you might think
With an adjustable-rate mortgage from CU SoCal, you can enjoy a lower rate for a set term compared to a fixed-rate loan to outsmart the market and make your homebuying dreams a reality. With low rates and low payments, becoming a homeowner is within reach.
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- Adjustable rate Mortgages are variable and your rate may increase after the original fixed-rate period. Information provided assumes the loan purpose to purchase or refinance single-family primary residence in California with a loan to value at or below 60% with an assumed credit score of 740. Your rate and costs may be higher depending on credit history, property type, and loan amount. The index for 5/5 ARM loans is Five-Year CMT. All loans subject to CU SoCal’s customary due diligence, underwriting, credit approval and documentation. This offer is subject to change without notice.
- Excludes commission owed to buyer’s agent.
- Rebate is awarded by Home Rewards Group, Inc. to buyers and sellers who select and use a real estate agent in the Home Rewards network. Rebate is 20% for purchase only of a residential property. Payment is credited to your benefit at the close of transaction. Using CU SoCal for a mortgage loan is not a requirement to earn the rebate. Purchase price must be greater than $150,000. All rebates are subject to limitations, lender
guidelines, state laws and other requirements. Certain properties may not be eligible for rebates. Please consult a qualified tax professional for advice on tax implications from receiving a rebate. Home Rewards Group, Inc. is not affiliated with CU SoCal.
Credit Union of Southern California NMLS #454788
The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s Web site (www.consumerfinance.gov/hmda).
Adjustable-rate mortgages
| Product | Rate | Margin | Points | Caps | APR* | Est. payment per $1,000 |
|---|---|---|---|---|---|---|
|
Product:
5/1 ARM |
Rate:
6.000% |
Margin:
2.500% |
Points: 0 |
Caps:
2/2/6 |
APR* :
6.049% |
Est. payment per $1,000:
$6.00 |
|
Product:
7/1 ARM |
Rate:
6.375% |
Margin:
2.500% |
Points: 0 |
Caps:
2/2/6 |
APR* :
6.425% |
Est. payment per $1,000:
$6.24 |
|
Product:
5/5 ARM |
Rate:
6.125% |
Margin:
2.375% |
Points: 0 |
Caps:
2/2/5 |
APR* :
6.174% |
Est. payment per $1,000:
$6.08 |
Rates Effective as of: January 22, 2025
The rates, fees, and APRs listed are our best rates. The information provided assumes the purpose of the loan is to purchase a primary residence, single-family dwelling in California with a LTV below 60% or for a no-cashout refinance.. The rate-lock period is 45 days and the assumed credit score is 720. Your costs may be higher depending on credit history, underwriting criteria, and loan amount. The rates and terms above are subject to change without notice. The index for 5/1 ARM and 7/1 ARM loans is One-Year CMT. The index for 5/5 ARM loans is Five-Year CMT. The rates and terms below are effective as of 1/8/2025-1/15/2025.
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