Adjustable-Rate Mortgages

You can afford more with less! With an Idaho Central Adjustable-Rate Mortgage, take advantage of a low initial fixed rate. Because the monthly payments are lower, you can qualify for more house. After the initial term, interest rates may change periodically.

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ARM Loans are Best if:

You plan to move or pay off your loan in a short amount of time.

Conventional Adjustable-Rate Mortgage

An adjustable-rate mortgage (ARM) is a mortgage loan with a below-market fixed rate for a certain period. After the fixed period expires, the rate can adjust within a capped margin. An ARM helps you qualify for more home thanks to lower payments during first term of the loan. ARMs are ideal if you plan on being in your home for a short period of time or are going to pay off your mortgage within the first term of the loan.

Purchasing or refinancing a home is a big deal. Use our online Mortgage Portal or contact a knowledgeable Mortgage Loan Officer. No matter where you are in the process, we’re here to help you every step of the way.

Term Options

5yr/6mo, 7yr/6mo, 10yr/6mo

Down Payment

As low as 5% of purchase price
20% of purchase price to avoid PMI

Eligible Properties

Purchase, Refinance, Primary Residence, Second/Vacation Home, Investment/Rental Property, Manufactured Home

ARM First-Time Homebuyer 100% Financed

This loan is designed for lower household income first-time homebuyers with little down payment. Qualifying first-time buyers can secure 100% financing with no mortgage insurance. This first-time homebuyer ARM loan has a below-market fixed rate for a certain period. After the fixed period expires, the rate can adjust within a capped margin. This loan requires first-time homebuyer education. If you are buying a home in Idaho, you can use funds from your Idaho First-Time Homebuyer Savings Account.

See More First-Time Homebuyer Options

We know buying a home for the first time can be a little intimidating. We’re here to guide you every step of the way. Start the application process through our online Mortgage Portal or contact a knowledgeable Mortgage Loan Officer.

Term Options

5yr/5yr

Down Payment

As little as $1,000

Eligible Properties

Purchase, Primary Residence

Purchase or Refinance Your Home With Confidence

We want to help you through the loan process and get you resting comfortably in your home as soon as possible. Our highly trained, friendly staff understands the housing market where you want to live. After all, we live here too. We’re available to help during extended hours and on Saturdays.

Fast, Local Decisions

  • Local underwriting
  • Fast approvals
  • Fast closing, usually within 30 days
  • Local servicing on most loans

Save Money

  • Low, affordable interest rates
  • No initial loan application fees
  • Low mortgage insurance premiums
  • No origination fee loan options
  • Extended rate lock options available from 90 to 360 days
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Personalized Rate Quote

Tailored to your unique circumstances, our personalized mortgage rate quote tool asks you a few questions about your current financial situation. Based on your answers you will be given a list of rates that fit your needs. Get your personalized mortgage rate today.

How much will your monthly mortgage payment be? Use this calculator to figure out your monthly payment, including your mortgage’s principal and interest payments as well as insurance and taxes.

Become a Member

Idaho Central Credit Union was designed with one idea in mind, helping members achieve financial success. If you live or work in Idaho or Washington, chances are you can become a member of Idaho Central Credit Union.

Find Out How