- No prepayment penalties
- Terms available: 5-, 7- and 10-years
- Capped interest rates
- Lower monthly payments
Have questions? You can talk to a mortgage loan originator at (855) 841-9203.
Frequently Asked Questions
Do I need to be a member TruWest Credit Union to get an adjustable-rate mortgage?
Yes. A membership is required if you are approved for the loan.
What is the difference between an ARM and fixed rate loan?
With a fixed rate mortgage, the interest rate is set when you take out the loan and will not change. With an adjustable rate mortgage (ARM), the interest rate may go up or down. Many ARMs will start at a lower interest rate than fixed rate mortgages. This initial rate may stay the same for months or years.
How to Apply for an Adjustable-Rate Mortgage
ApplicationApply online or by phone at (855) 841-9203.
ApprovalApplications with complete information will be processed and disclosed within 3 business days. A licensed TruWest Mortgage Loan Originator may contact you if additional information is needed
OriginationOnce the application process has started, the origination process will begin. Origination times may vary based on transaction, but normally take 30-45 days.
ClosingOnce the loan has passed underwriting, a TruWest representative will contact you to arrange a closing appointment.
Note: A TruWest membership should be opened prior to loan approval but can be opened any time before loan disbursement (funding).
On approved credit. Financing solutions not available in AK, HI, LA, SC, VT, and WI. Condominium financing not available in NY and with restrictions in certain areas in FL. Restrictions may apply based on mortgage product.