Conforming Adjustable Rate Mortgages (ARMs)
MAFCU offers conforming Adjustable Rate Mortgages (ARMs). These are mortgages that have a fixed rate for a set period of time (3 years, 5 years, or 7 years), and then have a variable interest rate.
- 3/1 ARM - No pre-payment penalty
- 5/1 ARM - No pre-payment penalty
- 7/1 ARM - No pre-payment penalty
Conforming Expanded Approval products are available with both fixed and adjustable rates as well. These products are considered A- to B credit products and carry higher interest rates as a result.
- Apply Online –