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Adjustable Rate Mortgages

We provide solutions for all of your mortgage needs through our partnership with Member First Mortgage. From purchasing your first house to refinancing, we offer programs to help you finance your home.

Mortgage rates have gone up, but you can take advantage of a lower initial interest rate with a 7/1 or 10/1 Adjustable Rate Mortgage (ARM) loan.* This means you lock in a lower rate for 7 or 10 years and then it adjusts each year after that. An ARM is a great option if your goal is to get the lowest possible mortgage rate starting out. It can help you to purchase the home of your dreams!

Plus, it offers:

  • Up-front savings
  • No prepayment penalty if refinancing later
  • Easy online application and pre-qualification
*Available to all borrowers on the purchase or refinance of a 7/1 and 10/1 ARM portfolio loan product with Jersey Shore Federal Credit Union. Eligible on primary residence only; excluding secondary and investment properties. Not eligible on attached condos, town homes, and manufactured homes. This is not a commitment to lend. AII lending products are subject to credit and property approval. Additional restrictions may apply. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. This product may not be combined with any other promotion. Rate may increase after consummation. Chris Papagni, NMLS ID# 282725, is authorized to act as agent of Jersey Shore Federal Credit Union (1434 New Road, Northfield, NJ 08225 | (609) 646-3339 | NMLS ID:771969) and is authorized to represent Member First Mortgage, LLC, a licensed Mortgage Lender/Servicer (616 44th Street SE, Grand Rapids, MI 49548 | (616)538.1818 | NMLS ID: 149532). Equal Housing Opportunity.*Chris Papagni is authorized to represent Jersey Shore FCU.
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