Attention Harrison Federal Credit Union Members
Don't forget to update your direct deposit and/or automatic payments with your new AACU account information before December 31. For more information about this, CLICK HERE.
Routt Federal Credit Union Members - As of December 2, the Routt Federal Credit Union Data Conversion is complete and Routt Federal Credit Union Members are now AACU Members. For more information about what comes next, CLICK HERE.
Adjustable-Rate Mortgages (ARMs) begin with an introductory rate followed by an adjustment based on an index that can fluctuate with market conditions.
We offer a 5- or 7-year initial term in which your rate will remain the same. After this initial period, the rate adjusts based on a set interval. This adjustment is determined by market conditions. Get pre-qualified today or schedule an appointment with a mortgage expert to see if an ARM is a good fit for you!
If you said "YES," to any of these questions, chances are an ARM could be right for you!
Let's explore this option together!
First number (5) represents the number of years the interest rate will remain the same initial term
Second number (6) represents how often the rate will change. In this example, the rate will adjust every 6 months after the initial term
Margin (2.75%) A margin is the percentage added to the current SOFR index number at the time of each adjustment
SOFR Index (Secured Overnight Financing Rate) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. The values are published by the Federal Reserve Bank of New York.
Find an AACU branch or ATM, or locate thousands of surcharge-free ATMs or shared branch locations in the U.S. and Canada.
Schedule an appointment with a Mortgage Loan Officer and they'll help you find the best options to get you in your new home!
Check out current rates for auto loans, personal loans, and a line of credit!
Knowing what is available to you is a great first step. Check out our home loan options - and let's get you on your way to being home!
1 APR=Annual Percentage Rate is effective 12/03/2023 and includes an origination fee of $1,199. Rates are subject to change. A example of a 5/6 payment for $320,000 loan with a 5.75% rate and 7.344% APR, the first 60 payments are $1,867.43 followed by 300 payments that could range from $1,372.00 to $2,846.00 based on a minimum rate of 2.75% and a maximum rate of 10.755%. A example of a 7/6 payment for $320,000 loan with a 6.000% rate and 7.238% APR, the first 84 payments are $1,918.58, followed by 276 payments that could range from $1,404.00 to $2,860.00, based on a minimum rate of 2.75% and a maximum rate of 11.000%. Examples assume a property value of $400,000 and a loan to value of 80%. Above payment examples don’t include taxes and insurance. Actual payments may be higher. Closing costs don’t include buy downs, escrows or subordination fees (if applicable). The values are published by the Federal Reserve Bank of New York. Membership requirements apply. Restrictions and requirements apply. Program subject to change. Equal Housing Lender.
Air Academy Federal Credit Union: NMLS# 454287