15/15 ARM | Educational Systems Federal Credit Union

Afford more home now or buy down your rate and enjoy lower monthly payments.

Buying your first or next home can seem out of reach in today’s marketplace. Our 15/15 ARM* is designed for the education community by helping you afford more home now thanks to a lower rate. You also have the option to buy down the rate for lower monthly payments and less interest paid overall.

Here to help

We're ready to help you afford more home, lower your payments, and save tens of thousands over the life of your loan. Apply for your 15/15 ARM online or call 301.779.8500 ext. 5401.

* The expected monthly principal and interest payment for a 15/15 adjustable rate mortgage of $280,000 at an initial interest rate of 5.75% with 0 points (6.099% APR) is $1,634.00. Total estimated payments of $619,947.53 (30 year repayment). Payment does not include taxes or insurance, actual payment may be higher. Rate is variable and can increase by no more than four percentage points every 15 years, never to exceed four percentage points above the initial rate (9.75% for this example). When the rate adjusts, your new rate will be the then current index (Weekly One Year Constant Maturity Treasury, or CMT) plus a margin of 2.750%, as long as the total adjustment does not exceed the 4.00% adjustment cap (7.375% for this example). The interest rates, annual percentage rates (APRs), discount points and rebates shown are subject to change without notice. Rates, terms and conditions vary based on creditworthiness and qualifications. Subject to credit qualifications and approval. All applicants must meet membership eligibility requirements.

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