Adjustable Rate Mortgage (ARMs)

ARMs start off with a fixed rate for a predetermined period, then adjust once a year - higher or lower depending on the market at the time. This option may be ideal if you only plan to live in the home for a few years, expect interest rates to remain the same, or expect to have an increase in income.

10-1 ARM

For the borrower who thinks they might move within 10 years, or who just wants a loan rate locked in for 10 years the 10-1 ARM is an excellent option. With JHFCU’s 10‑1 ARM, your payments are based on a 30-year term to keep them affordable, but your low rate is locked for 10 years!

Benefits of this unique product include:

  • Lower rateSmartMove Real Estate Rebate Program
  • Lower payment with the 30-year-term as the payments are amortized over the longer period and thus affordable—providing you flexibility within your budget. 
  • Rate is locked in for 10 years, providing you the security of a fixed payment for a longer time than other ARMs.  
  • Borrow as little as $50,000. 
  • Borrow up to $484,350; higher amounts available at a different rate.

JHFCU also offers a 7-1 and 5-1 ARM.

JHFCU can only offer mortgages for properties in Maryland and surrounding states. Please contact JHFCU for details.

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*Rates are determined by an evaluation of the applicant’s credit, loan term and loan-to-value (LTV). Minimum down payment of 5% required. Payments do not include amounts for taxes, insurance premiums or private mortgage insurance (PMI) , if applicable, actual payment obligation will be greater. Property and flood insurance may be required. Other restrictions may apply.