Adjustable Rate Mortgages can be your best option when looking for the lowest monthly payment.
We offer 2 different types of Adjustable Rate Mortgages (ARMs): the 7/5 ARM and 15/15 ARM. See below for specifics on each program.
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Adjustable Rate First Mortgage
L&N Federal Credit Union is committed to providing you unsurpassed service. That is why we never sell the servicing of your mortgage to another company. You never have to worry about where your mortgage is from day to day. You can always count on L&N Federal Credit Union to serve you.
For more information on our Home Mortgage programs, contact our Real Estate Department at (800) 292-2905 or (502) 368-5858. Or, contact us by filling out our Contact Form.
PAYMENT CALCULATOR
CURRENT RATES
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Program
Initial Rate Period
Subsequent Adjustment Period
Initial Rate Change Cap
Subsequent
Rate Change Cap
Lifetime Rate
Change Cap
7/5 ARM
7 Years
5 Years
2.00%
2.00%
6.00%
15/15 ARM
15 Years
N/A
6.00%
6.00%
6.00%
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