Adjustable Rate Mortgage
Found the perfect place for your kids to live while in college? Need a second home financed? Let Campus Federal help you finance your new place with the perfect adjustable rate loan.Campus Federal offers:
- Competitive rates
- 7/1 Adjustable Rate Mortgage- Variable rate; however, interest rate is fixed for first seven years, after that it can increase or decrease annually, which will affect payment amount
- 5/1 Adjustable Rate Mortgage- Variable rate; however, interest rate is fixed for the first five years, after that it can increase or decrease annually, which will affect payment amount.
- Low minimum down payment with no mortgage insurance requirement
- Financing available for single family dwellings, condominiums, townhomes, and duplexes
- No prepayment penalty
- Loan can also be used to finance a primary residence, vacation home or a home for your college student
Get Started Today
Apply now or, just give one of our representatives a call to get started. They're here to help make your home buying experience an enjoyable one. Call 888.769.8841 today.