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Save Big on Your Mortgage with an Adjustable Rate Mortgage (ARM) from PDCU

Family of three standing in front of their new home purchased with an Adjustable Rate Mortgage through People Driven Credit Union.

As mortgage rates rise, it’s essential to explore all your options to secure the best possible rate for your home loan. At People Driven Credit Union (PDCU), we offer Adjustable Rate Mortgage (ARM) loans with lower initial interest rates, helping you save money upfront.

Why Choose an ARM Loan?

An ARM loan offers several advantages that can make homeownership more affordable, especially in the early years of your mortgage. Here’s why a 5/6 or 10/6 ARM loan from PDCU might be the perfect fit for you:

  1. Lower Initial Interest Rate: With a 7/1 or 10/10 ARM, you lock in a lower interest rate for the first seven or 10 years, respectively. This means lower monthly payments than a fixed-rate mortgage, allowing you to save money upfront.
  2. No Prepayment Penalty: If you decide to refinance your mortgage in the future, you won’t face any prepayment penalties. This flexibility can be a significant advantage if rates drop or your financial situation changes.
  3. Easy Online Application: Applying for an ARM loan with PDCU is straightforward and convenient. Our online application process is designed to be quick and user-friendly so you can get started on your path to savings without any hassle. Apply online.

Learn more about ARM Loans

How Does It Work?

  • 7/1 ARM: Your interest rate is fixed for the first seven years. After this period, the rate adjusts every year based on market conditions.
  • 10/10 ARM: Your interest rate is fixed for the first ten years. After this period, the rate adjusts every ten years based on market conditions.

Important Considerations

  • Rate Changes: Your interest rate may vary after the initial fixed-rate period, potentially increasing your monthly payment.
  • Refinancing: Refinancing your mortgage may lead to higher total finance charges over the loan’s life. However, the lack of prepayment penalties provides flexibility to refinance when it makes financial sense.


Our ARM loans are available for both purchase and refinance applications for primary residences using conventional 7/1 or 10/10 ARM loan products. All lending products are subject to credit and property approval, and additional restrictions may apply.

Contact Us

If you have questions about whether an Adjustable Rate Mortgage is right for you contact Jim Rogers at Member First Mortgage. James (Jim) Rogers is authorized to act as an agent on behalf of People Driven Credit Union:

Jim Rogers
(616) 301.6278 | NMLS ID# 235651

For licensing information, please visit www.nmlsconsumeraccess.org.

To learn more about Adjustable Rate Mortgage loans from PDCU, visit https://www.peopledrivencu.org/loans/home-loans/adjustable-rate-mortgage/.

People Driven Credit Union: NMLS ID# 776727. Equal Housing Opportunity.

Lock in a lower initial rate with an ARM loan from PDCU and enjoy the savings! Rates may vary, and payments may increase after consummation.