Here’s why you might want to arm yourself with an Adjustable Rate Mortgage:

  • By the numbers: ARMs are 30-year mortgages with fixed rates for the first 5, 7 or 10 years and then switch to variable rates. The two longer loans are for new construction only.
  • Rate reduction. ARMs generally start out with lower interest rates than fixed-rate loans. Our 5/1 ARM has an initial rate of 3.125%, with a 3.024% APR.*
  • Financial flexibility. An ARM might help you afford a more expensive home and lower your payments during the first few years of home ownership.
  • Early departure. Adjustable rate mortgages also are good choices for those who plan to move within 10 years or pay off their loans within that period.
  • Bonus benefits. Borrowers can earn rebates by using the HomeAdvantage program offered by our partners at CU Realty.

Flexible Terms Offer Exceptional Value

In life, things change. We struggle early in our careers and make more money later. We start out living one town and then move far away. Adjustable Rate Mortgages (ARMs) are great for people who embrace change. You start out with an interest rate that beats fixed-rate loans – that added buying power could get you the house you really want. Then after five, seven, or 10 years, the rate floats up or down with the economic tides. You’ll have the option of staying the course, refinancing or selling your home. Decisions, decisions. Of course, that doesn’t bother someone like you.

Apply Online


Convenient Locations

Workers Credit Union provides banking services to greater Athol, Chelmsford, Fitchburg, Gardner, Groton, Hudson, Lancaster, Leominster, Lunenburg, Orange, Townsend, Westford, and Worcester, MA.

Apply for your Adjustable Rate Mortgage online or contact us with any questions.

Adjustable Rate Mortgage PAIRS WELL WITH...

Not ready to make the jump? Take a look at some of the other options, we’re sure you’ll find what you were looking for.

Home Equity Loans

It’s your foundation for financing large expenses.

cuSave Online Savings

Yes, we’re paying 0.50% APY.* No, we’re not trolling you


*Adjustable Rate Mortgage (ARM) rates effective as of July 1, 2020 for purchase and refinance of 1-4 family owner-occupied properties in Massachusetts only. A 5-year term with an interest rate of #colspan# and an Annual Percentage Rate (APR) of #colspan# is based on a $100,000 loan at 75% Loan-To-Value (LTV) at a cost of #colspan# per $1,000 borrowed. 5/1 ARM available single family owner-occupied property in Massachusetts. 7/1 and 10/1 ARM rates are available for construction loans. Rates on ARMS may increase after closing at applicable adjustment term. Caps 2% per adjustment and 6% over the lifetime of the loan. Index is one-yr Treasury Bill. Margin is 2.50%. Maximum loan amount of $2,000,000 at an 80% LTV. Workers Credit Union membership required, simply open a $5 membership account and you’ll be a member!
Subject to approval, interest rates may change at any time.

A Safe Place for Your Money

As a member of Workers, take comfort in knowing that every dollar you deposit is safe, secure, and 100% insured. All deposits are fully insured by a combined insurance coverage of the NCUA, up to $250,000, and the MSIC covers the rest. Now that’s safe keeping.