Adjustable-Rate Mortgage (ARM)

Our ARMs can lift you into the home you've always wanted.

Perhaps you expect to move again in a few years. Perhaps you believe your household income will rise as your career takes off, whether you're in Wisconsin, Michigan, Illinois or elsewhere. In either case, a CoVantage Credit Union ARM loan might work for you. The 30-year home loans offer attractively low rates for a certain time period. After that, your rate can be adjusted whenever national interest rates change. But don't worry, our loan terms limit the size of any increase.

• 1/1 year, 3/1 year, 5/1 year, and 10/1 year adjustable-rate mortgages available
• Low fixed rate for the initial time period
• Lower initial rates mean reduced monthly payments
• After the initial period, the rate can be adjusted any year until the loan is paid off
• Rates guaranteed not to increase by more than 6% over the life of the loan
• Find out what documents are needed when applying for a home loan
• Use our calculators to figure out your monthly loan payments
• Get more information from our Free Home Financing Guide
• Learn all about our Mortgage Lending Policy
• Our in-house loans are eligible for CoVantage's Loan Interest Rebate program 

Adjustable Rate Mortgage Rates

Annual Percentage Rate (APR) effective 06/02/2023 and subject to change. Rates and monthly payments are our lowest available. Rates and monthly payments are based on a $100,000 loan amount, 60% Loan-to-Value (LTV) purchase transaction. Please be aware that individual rates and terms may vary based on down payment, LTV, credit history, purpose of the loan, property type, and credit score. See all rates.

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