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Adjustable-Rate Home Loan

Lower rates and no origination fee on adjustable-rate mortgages.

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Adjustable Loan Rates as Low As

APR Effective 7/22/2024*


5 Year ARM (5yr/6mo)

Adjusts every 6 months, after initial five year period.


7 Year ARM (7yr/6mo)

Adjustable after year 7


10 Year ARM (10yr/6mo)

Adjustable after year 10

*See important information about rates, fees and other costs

Adjustable-rate loans (ARMs) give you the advantage of increased buying power if you only plan on staying in your house a few years. An ARM may allow you to qualify for a larger home loan amount and get more house for your money, plus you'll have lower payments during the first years of your loan.

ARMs may be the best choice for you if:

  • You can potentially get more for your money.
  • You want to keep payments lower during the early years of your loan.
  • You plan to move within 10 years.
  • You plan to pay off your mortgage within 10 years.
  • You expect your income to increase significantly in the coming years.

BECU Mortgage Center

Check rates, research loan options and apply or log in to your existing loan application. Visit the Mortgage Center

No Origination Fee

To reduce closing costs, BECU has no origination fee on fixed-rate or adjustable-rate mortgage home loans for purchase and refinance transactions. 

Email us to learn about BECU homes for sale.

Use this calculator to figure out if a fixed or adjustable rate home loan is best for you

Now let's take a look at your options:

Adjustable-Rate Mortgage Length Why Choose This Pros Cons
5 Year ARM (5yr/6mo)

Initial fixed interest rate for only five years; rate adjusts every 6 months thereafter.

You want increased buying power on your loan, yet more time than 3 years at a fixed rate.

Allows for higher loan amount and enhanced buying power.

Five years can pass quickly and your income may not suffice to cover potentially increasing rates.

7 Year ARM (7yr/6mo)

Initial fixed interest rate for seven full years; rate adjusts every 6 months thereafter.

You want a lower rate but the reassurance of a fixed rate of at least 7 years.

The 5- and 7-year ARM terms are often chosen as ideal terms for selecting higher loan amounts with enhanced buying power.

A lot can change in seven years, and your budget may be unprepared for the potential rate increase.

10 Year ARM (10yr/6mo)

Initial fixed interest rate for an entire decade; rate adjusts every 6 months thereafter.

You plan on your income rising in the 10-year period, and want to keep your payments lower in the meantime.

You have a 10-year financial plan and use the lower rate to meet your budgeting needs.

Interest rates can rise above the current fixed rates over time, not meeting your needs.

Why Choose This Pros Cons
Land Purchase
You want to purchase land now and build later.
  • Parcels up to 20 acres are eligible
  • Purchase loan amounts up to $400,000
  • Initial fixed interest rate for 5 or 10 years; rate adjustments every 6 months thereafter
  • Washington and Idaho state properties only
  • No large structures or mobile homes allowed on the property
  • There can be no construction of any sort in progress
  • Cannot be used for commercial, agricultural, timberland, or farming

Need more information?

Just stop by your Neighborhood Financial Center, and we can answer your questions and help you find the home loan that's right for you. Make an appointment.

*Income limits may apply. HomeReady is a trademark of Fannie Mae. Loans are subject to credit approval and other underwriting criteria. Certain restrictions apply. Home Loan programs, terms and conditions subject to change without notice.

Loans are subject to credit approval and other underwriting criteria, and not everybody will qualify. Certain restrictions apply. Home loan programs, terms and conditions are subject to change without notification. Boeing Employees' Credit Union NMLS ID 490518.