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The Flexibility
You Need Today

Adjustable Rate Mortgages

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Homebuyers interested in getting the lowest rate possible today and who plan on selling or refinancing in a few years may want to consider an adjustable-rate mortgage (ARM).

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An ARM’s initial period will be fixed for the years specified, then the rate adjusts. Find the ARM that works best and gives you the flexibility you need today.

15/15 Adjustable Rate Mortgage

Get the best of both worlds with our 15/15 Adjustable Rate Mortgage. Get a lower interest rate than 30-year fixed mortgages today along with 15 years of stable mortgage payments for tomorrow.

Save thousands of dollars in interest with no balloon payments and one rate adjustment in the 16th year.

Better rates
than a 30‑year

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Lock-in future

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More stability
than a traditional

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No Balloon

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Rates subject to change. APY= Annual Percentage Yield. APR= Annual Percentage Rate.
30 day lock Purchase. Click product for rates, terms & conditions.

Federally insured by NCUA. Applicant must meet membership and account qualifications. See for complete details.

Rates as of 7/19/2024, 10:00 AM PT

Please note that rates and fees are subject to change without notice.

15/15 Adjustable Rate Mortgage (ARM) 30 Year rate is variable and can increase one time in year 16 of the loan and has a 6% interest rate adjustment cap. The new rate will be based on the current index at that time (weekly 10-year U.S. Treasury average, plus a margin of 1.310%). ARM loans are amortized over a 30-year term. APR (Annual Percentage Rate) as low as 6.520% is fixed for the first 15 years, loan based on 80% loan-to-value or less and credit approval. Rate is as of July 19, 2024 and subject to change without notice. For a $400,000 loan, payment is $2,016.10 for months 1-180, $1,539.39 for months 181-359, and $1,540.02 for month 360. The adjusted payment example for years 16-30 is based on the current index as of July 19, 2024, plus margin. The actual index rate at the time of adjustment may be higher. On a fully capped interest rate of 13.100%, payment is $3,342.00 for months 181-360. Initial rate of 7.100% requires -0.160% discount points or ($480.00). The rate may vary depending on each individual’s credit history and underwriting factors. Financing available up to $970,800 (or the conforming loan limit for your county) for owner-occupied California primary residence properties only. Property insurance required. Other restrictions may apply. Payment example does not include taxes and insurance. If an impound account for taxes and insurance is desired, you are responsible for those set-up amounts and any charges assessed by your current lender such as reconveyance fees, payoff demand fees, prepayment penalties and any interim interest collected at closing.
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