Adjustable Rate Mortgages

These loans offer you greater financial flexibility with your next purchase or refinance decision by allowing you to choose between various lower initial fixed rate periods. After the initial period, your rate and payment may increase or decrease on an annual basis.

Because your payment and rate may change, this product is not right for everyone. Please contact us so we may help you determine if this is the right loan for you.

  • Initial fixed rate period of 1, 3, 5, 7, or 10 years
  • Low down payment – as little as 5 percent down
  • Low closing costs
  • Private Mortgage Insurance (PMI)* or a second mortgage (piggyback) may be required if down payment is less than 20%
  • Escrow accounts available – with dividends paid
  • Servicing retained by Randolph-Brooks
  • No prepayment penalties
  • Jumbo loans available

Membership eligibility required. Loans subject to credit approval. Rates and terms subject to change without notice. RBFCU mortgage loans are available only on property in Texas.

* Loans requiring PMI or piggyback financing are subject to additional qualifications, are limited to your primary residence and may require a larger down payment.

Lender licensed by the National Mortgage Licensing System under registration number 583215.