Enhance your Buying Power
Lower starting rates can let you afford more house

5/5 Adjustable Rate Mortgage

Peace of mind with a rate that only adjusts every five years

Get the lower starting rate of an adjustable-rate mortgage without yearly rate adjustments. With a 5/5 loan, the rate potentially adjusts every five years. That gives you greater stability in your payments and helps keep payments manageable, even if rates are going up.

A 5/5 loan is a great choice for a first-time home buyer or a current homeowner who plan on being in a home for less than 15 years. The 5/5 ARM caps your interest rate adjustments to keep your monthly payments predictable and within reach, even if the market prices go up.

A 5/5 ARM Loan offers:

  • A lower initial rate
  • Lower monthly payments during the first five years
  • Greater payment stability; potential changes occur every 5 years vs annually
  • Generous loan limits up to $4 million with a Jumbo Loan
  • As little as 3% down required
  • $0 closing cost program available -- ask us for details

Our helpful and experienced Mortgage Loan Consultants are available to walk you step-by-step through the loan process and determine the loan that's best for you. Give them a call at 877.404.3728, or begin the online loan application today.


Keep your rate fixed for 5 years, for more borrowing power and easier budgeting    Apply Now

APR=Annual Percentage Rate. Loans available in all states except AK, HI, ID, MA, NM, NY and VT. Conditions, restrictions, and terms may apply. Other loan programs and terms available. 5/5 ARM Rate: Fixed for initial 5-year period, then becomes adjustable and may increase or decrease once every 5 years. Maximum rate adjustment of 2% per five years and 5% over the life of the loan. Index: 5-year Constant Maturity Treasury (CMT); Margin: 2.50%. Example of monthly payments of a $800,000 loan amount for a 5/5 ARM over 30 years; owner-occupied, FICO 720, single family home purchase; 80% loan to value: Years 1-5, 60 monthly payments of $3,319.14 per month based on the initial rate of 2.875% APR (3.795% APR); Years 6-10; 60 monthly payments of $4,096.85 based on the maximum adjustment rate of 4.875%; Years 11-16; 60 monthly payments of $4,816.66 based on the maximum adjustment rate of 6.875%; Years 16-30; 180 monthly payments of $5,122.31 based on maximum ceiling rate of 7.875%. Your payment and rate after the initial 5-year period may be less than quoted here depending on market rate conditions. For point quotes preceded by a minus sign (-), a credit of the indicated percentage will be applied toward closing costs. Rate shown is for highly qualified borrowers; rate received may be different based on credit history. Does not include taxes and insurance. Rate, APR, terms and conditions are all subject to change without notice. FPCU will pay for nonrecurring closing costs. Information deemed reliable but not guaranteed. Rates effective 8/11/17. NMLS# 401427.

$0 Closing Costs Promotion: FPCU will pay for certain non-recurring closing costs up to a maximum of $10,000. This does not include pre-paid interest, homeowner and other insurance premiums, owner’s title insurance or city/county transfer taxes. Reimbursement of closing costs paid by FPCU may be required if the loan is paid off within 36 months of origination. Other limitations apply. Call for details. This program is for owner-occupied, primary residential purchases and external, no cash-out refinances only. California properties only. Subject to approval. NMLS# 401427