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Rates As Low As 5.125%

6.579% APR*

Lower initial rates over fixed rate mortgages

With today’s higher fixed-rate mortgages, it’s never been a better time to consider an Adjustable Rate Mortgage (ARM). Adjustable rate loans are a good choice for members trying to afford a larger mortgage, or who expect to sell their home before the end of the fixed-rate term, believe rates will decrease, or anticipate an increase in income in the future.

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First Mortgage

If you are in the market to buy a home or looking to lower your monthly payment, give us a call. Our experienced real estate professionals will see if they can find you the right loan.

First City Credit Union offers a variety of home loan options to fit your needs:

New – Jumbo Loan limits allow you to borrow up to $2,500,000
Competitive, low, fixed-rate and adjustable rate (ARM) mortgages
5% Down Payment Options†
Flexible repayment terms – 10, 15, 20, and 30 year terms
Rate buy-down options available, ask for details
Flexible ARM options- Fixed payments** for 5,7, or 10 years

Call our Mortgage Loan Officers at (800) 944-2200 extension 5, Option 2 for more information

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Disclosures
*APR=Annual Percentage Rate. 5/6 ARM Mortgage Rates Effective March 19, 2025. Certain rates and/or point adjustments may apply depending on loan features. All rates quoted assume a 45-day rate lock. Interest rates based on a 740 FICO and a purchase transaction of 50% loan to value (LTV), Owner Occupied, Single Family Residence Property. Additional Fees may apply based on credit score, LTV, property type, occupancy, and cash-out refinances. Monthly Payment includes Principal & Interest only (taxes, homeowners insurance, HOA Fees, and other costs not included and will result in a greater actual monthly payment amount). Loans subject to borrower and property qualification. Not all applicants will be approved. Rates are subject to change daily, at any time, and without notice. FCCU Credit union membership required.
**A 5/6 ARM sample payment with a loan amount of $350,000, 30-year term, and a starting rate of 5.125% , 6.579% APR is; Years 1-5: Minimum $1,905.70 , Maximum $1,905.70 ; Year 6: Minimum $1,505.95 , Maximum $2,508.97 ; Years 7-30: Minimum $1,505.95 , Maximum $2,937.75 .

Disclosures

*APR=Annual Percentage Rate. 5/6 ARM Mortgage Rates Effective March 19, 2025. Certain rates and/or point adjustments may apply depending on loan features. All rates quoted assume a 45-day rate lock. Interest rates based on a 740 FICO and a purchase transaction of 50% loan to value (LTV), Owner Occupied, Single Family Residence Property. Additional Fees may apply based on credit score, LTV, property type, occupancy, and cash-out refinances. Monthly Payment includes Principal & Interest only (taxes, homeowners insurance, HOA Fees, and other costs not included and will result in a greater actual monthly payment amount). Loans subject to borrower and property qualification. Not all applicants will be approved. Rates are subject to change daily, at any time, and without notice. FCCU Credit union membership required.

**A 5/6 ARM sample payment with a loan amount of $350,000, 30-year term, and a starting rate of 5.125% , 6.579% APR is; Years 1-5: Minimum $1,905.70 , Maximum $1,905.70 ; Year 6: Minimum $1,505.95 , Maximum $2,508.97 ; Years 7-30: Minimum $1,505.95 , Maximum $2,937.75 .

† 5% down (95% financing) available on owner-occupied on a purchase transaction primary residence loan amounts of up to $2,500,000 on approved credit. 5% down payment must be from borrower's own source of funds and does not include non-lender paid fees, impounds, or reserves. Other financing options are available. Private Mortgage Insurance (PMI) is required.

NMLS #649182

Need help with your mortgage? Hardship assistance is available here

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