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The 5/5 adjustable rate mortgage (ARM) combines the lower payments of a traditional ARM with extremely low adjustment caps to provide far greater rate security.

This is a “must consider” option for all homeowners – especially those expecting to be in their homes less than 15 years.
  • Enjoy an incredibly low rate and payment for years 1-5.
  • Rate will adjust a maximum of only 2% in year 6 and will remain through year 10.
  • Rate will adjust just once every 5 years thereafter and no more than 2% at a time.
  • Over the life of the loan, the maximum adjustment is capped at 5% above the start rate.
  • Available for loans up to $1 million.
  • Low Down Payment Options Available: 5% down on loans up to $625,000 or 10% down on loans up to $750,000.

Lock-N-Shop now available!

Shop confidently for your home with our 90-day rate lock knowing your low NIHFCU rate is guaranteed.1 

Here is one example of potentially huge savings on a $625,000 loan with a 5/5 ARM vs. a 30-Year Fixed Mortgage (assuming the maximum possible rate adjustment of 2% in year 6*)

5/5 ARM Rate* APR* Monthly Payment* Total Payment
Year 1-5 2.875% 2.888% $2,593 $155,580
Year 6-10 4.875% n/a $3,158 $189,480
5/5 ARM Total Payment Years 1-10

30 year fixed Rate* APR* Monthly Payment* Total Payment
Year 1-5 5.000% 5.030% $3,355 $201,300
Year 6-10 5.000% n/a $3,355 $201,300
30 Year Fixed Total Payment Years 1-10

5/5 ARM Total Savings: $57,540 (Years 1-10)

In this example, you would save $57,540 in the first 10 years with a 5/5 ARM compared to a traditional 30 year fixed mortgage.

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Is the 5/5 ARM right for you?  Call 855.203.4747 to speak to an NIHFCU mortgage specialist today.

1 Applicable to purchase money adjustable rate mortgages only. Other restrictions may apply. Offer subject to change at any time. 90-day lock begins on the date of the pre-approval application