Make Homeownership More Affordable with a 7/1 ARM
Explore a 7/1 ARM
A 7/1 ARM is a smart option for short-term plans or first-time buyers looking for a lower starting rate. Learn more.
When you’re ready, applying is quick, easy and only takes a few minutes.
How a 7/1 ARM Works.
Fixed rate for the first 7 years
Adjusts annually after that
Rate caps help limit how much it can change
Why a 7/1 ARM?
Lower starting rate than many fixed options
Ideal if you don’t plan to stay long-term
More buying power upfront
Whatever the adventure, we’re here to help you — every step of the way.
*5.60% APR = ANNUAL PERCENTAGE RATE. SUBJECT TO LOAN PROCESSING FEE, CLOSING COST, MEMBERSHIP ELIGIBILITY, AND CREDIT APPROVAL. INDIVIDUAL RATE BASED ON CREDIT HISTORY. PROMO RATE EXPIRES AFTER 7 YEARS. RATE MAY CHANGE AFTER THE INITIAL FIXED-RATE PERIOD. 7/1 ARM LOANS WILL ADJUST ANNUALLY BASED ON MARKET INDEX PLUS MARGIN DETERMINED AT THAT TIME, SUBJECT TO A 2% ANNUAL 5% LIFETIME CAP. NOT VALID ON REFINANCES. OFFER MAY BE DISCONTINUED AT ANY TIME. LIMITED TIME OFFER. VISIT CMEFCU.ORG FOR ADDITIONAL DETAILS. FEDERALLY INSURED BY NCUA. EQUAL HOUSING LENDER.