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Navy Federal Credit Union

Flexible Terms to Fit All of
Your Home-buying Needs

Navy Federal Credit Union's Adjustable-Rate Mortgages (ARMs) begin with a low, fixed rate, and then adjust upward or downward after the initial fixed term. These loans are ideal if you need a larger loan amount but want to keep your payments lower initially. An ARM may also be a good choice if in the years ahead, you expect your income to increase or plan to move or refinance when the rate adjusts.

ARM products contain two numbers. The first number refers to the number of years the interest rate at closing remains fixed. The second number is the number of years in between interest rate changes after the initial fixed term expires. A 5/1 ARM, for example, would have the same interest rate for five years after closing, and then the rate would adjust every year after that. In other words, the interest rate would be subject to change annually after the first five years.

  • No Private Mortgage Insurance (PMI) or Upfront Mortgage Insurance Premium (UMIP) is required for 2/2, 3/5, 5/5 and all Jumbo Adjustable Rate Mortgage (ARM) terms
  • Interest-only mortgage options available for terms of 3/1, 5/1, 7/1 and 10/1
  • 100% financing available for 3/5 and 5/5 terms for purchase only1
  • Refinance options available
  • Lower fixed-rate loan payments for the initial term
  • Variety of initial terms, followed by interest rate adjustments

Rates Rates as of:

We offer both conforming and jumbo ARMs. The maximum loan limit for conforming loans is typically $417,000, though the loan limit can vary by state and county. Jumbo loans are for amounts greater than $417,000. Use the calculator to figure out how much you might pay and to view disclosure and payment example information.

Loan Type Interest Rates From2 Discount Points APR as Low As2 First Cap Subsequent Caps Lifetime Cap
2.00% 2.00% 6.00% Payment Example Apply
3/1 ARM
Payment Example
Loan Amount: $250,000
Term: 30 years
YearInterest Rate*APRMonthly Payment (P&I)
Taxes & insurance not included; actual payment obligation will
be greater.
1 % $
4 % $
2.00% 2.00% 5.00% Payment Example Apply
5/1 ARM
Payment Example
Loan Amount: $250,000
Term: 30 years
YearInterest Rate*APRMonthly Payment (P&I)
Taxes & insurance not included; actual payment obligation will
be greater.
1 % $
6 % $
1.00% 1.00% 8.00% Payment Example Apply
2/2 ARM
Payment Example
Loan Amount: $250,000
Term: 30 years
YearInterest Rate*APRMonthly Payment (P&I)
Taxes & insurance not included; actual payment obligation will
be greater.
1 % $
3 % $
2.00% 2.00% 5.00% Payment Example Apply
3/5 ARM
Payment Example
Loan Amount: $250,000
Term: 30 years
YearInterest Rate*APRMonthly Payment (P&I)
Taxes & insurance not included; actual payment obligation will
be greater.
1 % $
4 % $
2.00% 2.00% 5.00% Payment Example Apply
5/5 ARM
Payment Example
Loan Amount: $250,000
Term: 30 years
YearInterest Rate*APRMonthly Payment (P&I)
Taxes & insurance not included; actual payment obligation will
be greater.
1 % $
6 % $
2.00% 2.00% 6.00% Payment Example Apply
3/1 Jumbo ARM
Payment Example
Loan Amount: $500,000
Term: 30 years
YearInterest Rate*APRMonthly Payment (P&I)
Taxes & insurance not included; actual payment obligation will
be greater.
1 % $
4 % $
2.00% 2.00% 5.00% Payment Example Apply
5/1 Jumbo ARM
Payment Example
Loan Amount: $500,000
Term: 30 years
YearInterest Rate*APRMonthly Payment (P&I)
Taxes & insurance not included; actual payment obligation will
be greater.
1 % $
6 % $
2.00% 2.00% 5.00% Payment Example Apply
3/5 Jumbo ARM
Payment Example
Loan Amount: $500,000
Term: 30 years
YearInterest Rate*APRMonthly Payment (P&I)
Taxes & insurance not included; actual payment obligation will
be greater.
1 % $
4 % $
2.00% 2.00% 5.00% Payment Example Apply
5/5 Jumbo ARM
Payment Example
Loan Amount: $500,000
Term: 30 years
YearInterest Rate*APRMonthly Payment (P&I)
Taxes & insurance not included; actual payment obligation will
be greater.
1 % $
6 % $