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Adjustable Rate Mortgage (ARM)

 

To get your personal rate quote and apply online, click here.

 

"It's a well-known fact that finding your slice of paradise in Northern New Mexico comes with its unique set of financial considerations. Whether you're eyeing a quaint adobe home or a spacious ranch, stretching your dollar can be key. Enter Guadalupe Credit Union's adjustable-rate mortgage (ARM) – a financial tool designed with your aspirations in mind. Our ARMs come with initially lower interest rates, giving you the breathing room you need on your monthly payments for a set time. Once this period ends, your rate will adjust with the market. This option could be your best bet if you're betting on future interest rate decreases, anticipating a boost in your income, or planning to relocate in the next few years. With an ARM, affording a little more house within the enchanting landscapes of Northern New Mexico is within your reach.

 

Understanding Adjustable Rate Mortgages

An Adjustable Rate Mortgage (ARM) from Guadalupe Credit Union offers lower initial rates, which means lower monthly payments at the beginning of your loan term. With an ARM, you can enjoy the benefits of homeownership with a little more financial flexibility.

 

Is an ARM Right for You?

ARMs are ideal for members who:

  • Intend to move or refinance before the interest rate adjusts
  • Expect a rise in their income or financial standing
  • Prefer starting with a lower monthly payment

 

Benefits of an ARM with Guadalupe Credit Union

  • Lower Initial Payments: Enjoy reduced payments at the start of your mortgage.
  • Increased Buying Power: Qualify for a higher loan amount and get more home for your money.
  • Flexibility: Choose from various ARM loan types to find the one that fits your life.

 

Potential Risks

  • Interest Rate Changes: Your rate and payment could increase after the initial fixed period.
  • Market Fluctuations: Payments can change with interest rate shifts, so it's important to plan ahead.

 

Comparing ARM and Fixed-Rate Mortgages

Let us help you understand the pros and cons of ARM versus fixed-rate loans. Our goal is to empower you with the knowledge to make the best decision for your situation.

 

Ready to Explore Your Options?

  • Speak with a Financial Coach: Get free, expert advice to navigate your mortgage choices.
  • Talk to Us: Our loan officers are on standby to help you understand every detail of ARM loans.
  • Apply Now: Take the first step towards your new home with our online application process.

 

Contact and Support

Need more information? Reach out to us, and let's make your dream home a reality.

 

Property must be located in Santa Fe, San Miguel, Río Arriba, Bernalillo, Sandoval, Torrance, Taos, Mora, or Colfax counties.

 

*Subject to member eligibility and credit approval. Lending restrictions apply, see a loan officer for details. GCU is an equal opportunity lender. If you have any questions, please email us or call us at 505-216-0518. NMLS # 709308.

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Guadalupe Credit Union
3601 Mimbres Lane
Santa Fe, New Mexico 87507
 
Routing Number: 307084347
 
Federally Insured by NCUA
Equal Housing Opportunity
NMLS # 709308
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