Lower rates create some breathing space

Buying a house can stretch anyone's finances. But there are ways to make things easier. With an adjustable-rate mortgage, you enjoy a lower interest rate for a certain number of years. That can buy you time to rebuild savings - and free up funds for furniture, appliances, landscaping or anything else your new home might require.

Adjustable-Rate Loan Features

  • With our 3/1 and 7/1 ARMs, borrowers pay lower rates for the first three years or seven years, respectively
  • With our 5/5 ARM, borrowers pay lower rates for five years (rates may be adjusted every five years after that)
  • With all ARMs, rate caps limit the size of rate increases in any one year or over the life of the loan 
  • Local servicing for the life of the loan
Our team has more than 30 years of mortgage lending experience. Call a mortgage specialist for more details or apply online

Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.

NOTICE: Current credit freezes you MAY have placed on one of the following bureaus – ExperianEquifax or TransUnion – will delay processing of your loan application. To avoid this delay, consider temporarily lifting all credit freezes.
 
Subject to credit approval. Membership eligibility required.
See Guide to Member ServicesRate Sheet and Fee Schedule for full disclosures.
Please visit the Nationwide Mortgage Licensing System (NMLS) to review the registered status of Purdue Federal employees.