Home » Home Loan Center » 3/1, 5/1, & 7/1 ARM
3/1, 5/1, & 7/1 ARM
Adjustable Rate Mortgage
Loan features:
- Fully amortizing over a 30 year term.
- Interest rate and payment can change annually after the initial rate period.
- Loans have an annual and "life of loan" cap.
- No prepayment penalty.
Ideal for borrowers who:
- Are looking for short-term financing.
- Want a lower rate during that short period of time.
- Like the lower initial rate.
- Are not concerned about the probability of their interest rate and payment changing.
Contact our Home Loan Center at 206-398-5888 or relending@smcu.com for more information or to start your loan application.
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