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Unlock Exclusive Savings with Our Special 5/6 Year ARM Promotion with NO Points!

With an adjustable-rate mortgage (ARM) you can enjoy interest rates as low as 5.25% during the initial rate period compared to fixed-rate loans! Explore Our ARM Options.

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Benefits of a Finex 5/6 Year ARM

Finex Adjustable-Rate Mortgages (ARMs) help you maximize savings upfront while adapting to market conditions over time. With super low rates pricing and no points required, our ARMs are designed to fit a variety of financial needs.

  • NO Points*
  • Up to 100% Financing Available*
  • Quick & Easy Pre-Qualification Process
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1 APR = Annual Percentage Rate. The displayed fixed APR represents the lowest possible rates available. Rates are based on credit history and are subject to change without notice. Fixed rates displayed based on a $250,000 loan, with a 20% downpayment. Minimum loan amount is $300,000.

The 5/6 Year ARM Rate term disclosed assume a 720 or higher FICO, owner-occupied single-family residence, with escrows and a 30-day lock, based on a $312,500 purchase price with 20% downpayment, and a $250,000 Adjustable-Rate Mortgage. The payment disclosed does not include tax or insurance, which is required, is subject to adjustment and the actual payment may be higher.  LLPA’s (Loan Level Pricing Adjustments) will be waived for loans with 20% down. For loans that do not have 20% down, an additional 50 basis points will be added to the starting arm 5/6 ARM rate and PMI is required. Up-to 100% financing available.

    
The rate is fixed for 5 years, then adjusts every 6 months with a max 2% first adjustment, then a max of 1% every 6 months, with a lifetime 5% cap on increases to a max rate of 10.25%.  SOFR Index, 3% Margin. Initial Interest Rate 5.25% / APR 6.662%. 60 principal and interest payments of $1380.51, Month 61-67 Interest Rate 7.25% principal and interest payments of $1665.16, Month 68-74 Interest Rate 8.25% principal and interest payments of $1814.44, Month 75-81 Interest Rate 9.25% principal and interest payments of $1967.04, Month 82 and after Interest Rate 10.25% principal and interest payments $2122.51.

All loans subject to credit and property approval. Not all applications submitted to Finex Credit Union may qualify. FHA, VA, USDA, RI Housing and JUMBO loans are excluded from the rate promotion. Contract must be received to lock the promotional discount. Additional rates may apply for higher or lower loan amounts, loan purpose, or credit score. General membership or new members must start minimum Direct Deposit of $500/monthOther terms and conditions may apply. Not all products and options are available in all states.

 NMLS #157939. Finex Credit Union NMLS# 645503

Rates as of April 17, 2025
Term
Rate
Points
APR1
Term
30 Year Fixed
Rate
6.875%
Points
0
APR1
7.00%
Term
15 Year Fixed
Rate
6.25%
Points
0
APR1
6.45%
Term
5/6 Year ARM
Rate
5.25%
Points
0
APR1
6.662%
Term
FHA, CHFA, VA and USDA
Rate
Market rates
Points
APR1

1 APR = Annual Percentage Rate. The displayed fixed APR represents the lowest possible rates available. Rates are based on credit history and are subject to change without notice. Fixed rates displayed based on a $250,000 loan, with a 20% downpayment. Minimum loan amount is $300,000.

The 5/6 Year ARM Rate term disclosed assume a 720 or higher FICO, owner-occupied single-family residence, with escrows and a 30-day lock, based on a $312,500 purchase price with 20% downpayment, and a $250,000 Adjustable-Rate Mortgage. The payment disclosed does not include tax or insurance, which is required, is subject to adjustment and the actual payment may be higher.  LLPA’s (Loan Level Pricing Adjustments) will be waived for loans with 20% down. For loans that do not have 20% down, an additional 50 basis points will be added to the starting arm 5/6 ARM rate and PMI is required. Up-to 100% financing available.

    
The rate is fixed for 5 years, then adjusts every 6 months with a max 2% first adjustment, then a max of 1% every 6 months, with a lifetime 5% cap on increases to a max rate of 10.25%.  SOFR Index, 3% Margin. Initial Interest Rate 5.25% / APR 6.662%. 60 principal and interest payments of $1380.51, Month 61-67 Interest Rate 7.25% principal and interest payments of $1665.16, Month 68-74 Interest Rate 8.25% principal and interest payments of $1814.44, Month 75-81 Interest Rate 9.25% principal and interest payments of $1967.04, Month 82 and after Interest Rate 10.25% principal and interest payments $2122.51.

All loans subject to credit and property approval. Not all applications submitted to Finex Credit Union may qualify. FHA, VA, USDA, RI Housing and JUMBO loans are excluded from the rate promotion. Contract must be received to lock the promotional discount. Additional rates may apply for higher or lower loan amounts, loan purpose, or credit score. General membership or new members must start minimum Direct Deposit of $500/monthOther terms and conditions may apply. Not all products and options are available in all states.

 NMLS #157939. Finex Credit Union NMLS# 645503

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Meet Devin Dunaway, your personal mortgage loan advisor. Enjoy a streamlined mortgage process so you can get into your dream home stress-free. If you are just starting to look or ready to get pre-qualified get in touch today!
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How Much Can Our ARM Save You?

Mortgage Calculator

Use our mortgage calculator to estimate your monthly payment and see how a low ARM rate can make homeownership more affordable. Explore your options and find a plan that fits your budget
Your actual term and payment will be provided upon acceptance of a Finex Credit Union Mortgage. This calculator is for informational purposes only and its use does not guarantee an extension of credit.
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What our members are saying...

"Fantastic experience with the team here. From day one, they were on it. They offered a very competitive rate and terms. They really differentiated themselves with service. Great communication throughout, easy process to get them things. The best mortgage experience I’ve ever had bar none. I highly recommend them."
Scott
"The whole refi process was effortless with no stress. Everyone we dealt with was helpful and informative. I will be highly recommending them to everyone. The process from start to finish went smoothly and much quicker than I expected."
Dawn
"They were great to work with! They made the process very straightforward. Communication was great so I always knew where we were in the process. Thanks so much!"
Thomas
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