Treasury Adjustable Rate Mortgages
Ideal for buyers looking to move within the first ten years or have the mortgage for a shorter period of time.
More Buying Options
An Adjustable Rate Mortgage (ARM) starts with a fixed rate and switches to a variable rate for the remainder of the loan. For example, a 5/6 ARM means the first five years are at a fixed rate and adjusts every 6 months after.
6.315% APR1,2 for 7/1 TRS ARM
- 30-year term
- Fixed rate for the first 5, 7, or 10 years1,2
Treasury Adjustable Rate Mortgages (ARM)
Apply Now| Term | Rate | Points |
APR* |
Payment per $1,000 |
|---|---|---|---|---|
| 5/1 ARM - 30 Years | 5.375% | 0.5 | 6.581% | $5.60 |
| 5/1 ARM - 30 Years | 5.500% | 0 | 6.582% | $5.68 |
| 7/1 ARM - 30 Years | 5.250% | 0.5 | 6.315% | $5.52 |
| 7/1 ARM - 30 Years | 5.375% | 0 | 6.331% | $5.60 |
| 10/1 ARM - 30 Years | 5.625% | 0.5 | 6.290% | $5.76 |
| 10/1 ARM - 30 Years | 5.750% | 0 | 6.324% | $5.84 |
Homeowner's Insurance
Workers Insurance Agency provides customizable coverage with flexible payment options.4
Convenient Online Payments
Pay your loan anytime from your online banking account or through the mobile app.3
1Subject to credit underwriting and approval. Loan amount may vary based upon credit approval. Visit our rates page for all available rates and terms. Rates effective as of 8/18/2021 and subject to change at any time. Offers may be withdrawn at any time. Workers Federal Credit Union membership required. Annual Percentage Rate=APR.
2To be used for purchase or refinance of 1-4 family properties in Massachusetts or New Hampshire only. 5/1 TRS ARM available for 1-4 family owner-occupied, investment or second home properties in Massachusetts or New Hampshire. 7/1 TRS and 10/1 TRS ARM rates are also available for these property types and, additionally, for construction loans (rate may vary) on single family primary residences only. Rates on ARMs may increase after closing at applicable adjustment term. 5/1, 7/1 and 10/1 TRS ARMs: Upon rate conversion to variable, all TRS ARMs can adjust initially by 2%, subsequently by 2% and capped at 6%. To get the new rate after the fixed period we use a variable number called “the index”. The index for the TRS (1-year Treasury) ARMs is the weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. On all ARMs, we then add “the margin”, which is 2.75%. Maximum loan amount of $2,000,000 at an 80% loan-to-value (LTV). The Annual Percentage Rate (APR) on an ARM is as low as 0.000% APR for 7/1 ARM - 30 Years. The monthly payment per $1,000 borrowed is $5.84. Taxes and insurance not included. Actual payment obligation may be greater. Required down payment as low as 3%. All listed ARM APRs are based on $100,000 loan to purchase a single family primary residence at a 60% LTV. The featured APR is based on a 7/1 ARM - 30 Years.
3Text, data, and messaging rates apply for downloading/utilizing the app and text alerts.
4Coverage varies by carrier. Products offered by Workers Insurance Agency and Affiliated Companies. Coverage is subject to eligibility and availability. Other terms, conditions, and exclusions may apply. Insurance products available through Workers Insurance Agency, a non-credit union subsidiary of Workers Credit Union are: NOT A DEPOSIT NOT NCUA-INSURED, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY, NOT GUARANTEED BY THE CREDIT UNION, OR AFFILIATES MAY LOSE VALUE.