Adjustable-Rate Mortgage

Lock in a lower interest rate on your terms.

HELOC

12-month introductory fixed rate as low as 3.99% APR* then an ongoing variable rate as low as Prime minus 0.25%*

Our most affordable interest rates to keep your starting home loan payments low

Choose from 3/1, 5/1, 7/1 or 10/1 ARMs

Competitive mortgage interest rates save you more

We'll help you find the home loan that fits best

Advantages of Adjustable Rate Mortgages (ARMs)

Adjustable-Rate Mortgages (ARMs) from MECU Credit Union come with lower initial interest rates for a specific period, leading to affordable monthly loan payments for Maryland members.

  • Great low mortgage rates
  • Down payments of 5% to 20%1
  • 0.25% rate discount for homes purchased in Baltimore City or first-time home purchases in Baltimore City or Baltimore County1
  • Low loan closing costs
  • We'll help you find homebuying grants and incentives that provide down payment assistance

Have questions before you apply?

Fill out this quick form to chat with a MECU homebuying expert.

Money Market Account
Grow Your Balance with Higher Rates

Earn more on higher balances while keeping your funds accessible.

Get a flexible mortgage that fits your needs.

1 Private Mortgage Insurance may be required with less than 20% down. Buying Into Baltimore and First-Time Homebuyer rate discounts not available on all loan types, such as FHA loans. Discounts cannot be combined. See rate and payment examples

Handbook on Adjustable Rate Mortgages
Adjustable Rate Pricing Disclosure
Home Mortgage Disclosure Act (HMDA) Notice