Short-term savings with long-range possibilities

  • MSGCU offers five-year and seven-year Adjustable-Rate Mortgages (ARM) with payments amortized for 30 years
  • Initial interest rate remains in place for the initial fixed period, and then adjusts annually
  • Local Mortgage Consultants offer step-by-step guidance and free consultations
  • Ideal for borrowers looking for short-term financing
  • No prepayment penalty
  • Apply online, in person, or with our convenient mobile app

If you're looking for a low-cost, short-term mortgage but want the flexibility to keep the loan longer, a Michigan Schools and Government Credit Union ARM might be right for you. It's important to know that Adjustable-Rate Mortgages have caps that protect you from big increases in interest rates. For more information, contact our Mortgage Experts.

Adjustable-Rate Mortgage
ARM loans amortized for 30 years. Here is just an example of the great rates we currently offer.
TermRates as low asPointsAPR*Payment*
5-Year ARM 5.375% 0.000% 6.247% $839.96
7-Year ARM 5.625% 0.000% 6.212% $863.48

*APR = Annual Percentage Rate. The initial payment is based on a $150,000 loan amount, amortized for 30 years. The interest rate is variable and subject to change after the initial fixed period. After the initial fixed period, the principal and interest payment can change every year for the remaining life of the loan. The payment consists of principal and interest and does not include taxes and insurance premiums. The actual payment amount will be greater.

View all rates.


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