Our most affordable rates to keep your starting payments lowAdjustable-Rate Mortgages (ARMs) come with lower initial rates for a specific period, leading to affordable monthly payments.
Advantages of Adjustable Rate Mortgages (ARMs)
- Great low mortgage rates
- Low closing costs
- Down payments of 5% to 20%*
- 0.25% rate discount for homes purchased in Baltimore City or first-time home purchases in Baltimore City or Baltimore County*
- We'll help you find homebuying grants and incentives that provide down payment assistance
Banking with MECU Credit Union in Maryland means belonging to a local financial institution that invests in the Baltimore community and offers competitive rates on mortgage loans and other home lending products.
Handbook on Adjustable Rate Mortgages
Adjustable Rate Pricing Disclosure
Home Mortgage Disclosure Act (HMDA) Notice