HRCU offers adjustable rate mortgages that are packed with great benefits! We have flexible repayment options that include weekly, bi-weekly or monthly payments. These loans are held in house and payments can be made directly at your nearest HRCU location.

Adjustable Rate

Effective Date: Sunday, April 22, 2018

Type** Interest Rate Points APR* Monthly Payment/$1,000
3/3 Year ARM 1 3.000% 2.00 4.202% $4.22
3.250% 1.00 4.175% $4.35
3.500% 0.00 4.149% $4.49
5/5 Year ARM 2 3.250% 2.00 4.288% $4.35
3.500% 1.00 4.293% $4.49
3.750% 0.00 4.300% $4.63

1Fixed for 36 Months and unlike a 3/1 ARM ours is fixed for the first three years and then rates are subject to change every three years thereafter. The most your rate may increase at each change period/three years would be 2.00%. Rate adjustment increases will not exceed 6.00% over the life of the loan and the lowest rate (floor rate) will not go below your intial rate.

Example: A 3 year Adjustable Rate Mortgage with 0 points; the rate would be 3.500%. Based on a purchase of $200,000 with a 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $718.47 (principal and interest), a finance charge of $98,649.74, bringing the total payment to approximately $258,649.74. Monthly payment may change according to adjustment in rate every three years.


2Fixed for 60 Months and unlike a 5/1 ARM ours is fixed for the first five years and then rates are subject to change every five years thereafter. The most your rate may increase at each change period/5 years would be 2.00%. Rate adjustment increases will not exceed 6.00% over the life of the loan and the lowest rate (floor rate) will not go below your intial rate.

Example: A 5 year Adjustable Rate Mortgage with 0 points; the rate would be 3.750%. Based on a purchase of $200,000 with a 20% down payment, the amount financed would be $160,000 with 360 monthly payments of approximately $740.98 (principal and interest), a finance charge of $106,754.58, bringing the total payment to approximately $266,754.58. Monthly payment may change according to adjustment in rate every five years.


*APR equals Annual Percentage Rate
**ARM equals Adjustable Rate Mortgage
All Rates assume 80% financing with a 20% down payment.
For non-conforming rates, contact the Mortgage Department.
Index for all Adjustable Rate Mortgages is the weekly average of the U.S. Treasury securities for the applicable term.
All rates subject to change daily and can only be guaranteed by HRCU Mortgage Department. For more information call (603) 332-6840 or toll free at (877) 895-6840.
NOTE: One point is equal to 1% of the amount financed.