1st Advantage Federal Credit Union

Limited Time 5/3 Adjustable Rate Mortgage (ARM)

Now is the perfect time to buy or refinance a mortgage with 1st Advantage. Rates are the lowest they have been in over 50 years and we have the solution to meet your mortgage needs. Don’t wait, lock into a great rate now!

Lock into this great limited time 5/3 ARM special* and start saving for your future.  Members will receive an awesome rate that is 1% less than our current 30-year fixed loan for the first five years.  Thereafter, the rate will only adjust every three years until it is paid off.  Even better, the maximum rate adjustment is 2% during the adjustment period and it will never to exceed 5% during the life of the loan.

Members can make a new home purchase or refinance their current home up to $625,000 with this special.  To make this special even better we will also waive the origination fee (1% of mortgage loan).

While no one can predict the future, based on current rates, most likely your rate and payment through the remaining term of the loan would be lower than the “worst case” example provided.

Talk with one of our Mortgage Specialists at 757-877-2444 ext 3073 or stop by your favorite branch.

*Credit restrictions apply. Annual Percentage Rates are subject to change/ increase/ decrease without notice and are not guaranteed. Up to 95% with PMI. 2% cap per adjustment, 5% lifetime cap. 2.75% margin, 3 year CMT index. Other rate and point options and higher loan to values may be available. Loan Example: $160,000, 5% (5.05%Annual Percentage Rate), 360 payments at $858.91 Principal & Interest. Based on sales price of $200,000 with 20% down.