What is a Teachers Adjustable-Rate Mortgage (ARM) loan? 

Adjustable-rate mortgages (ARMs) offer interest rates that are fixed for an initial period of  5, 7 or 10 years. Rates are then adjusted based on an index, plus a margin. Interest rates during the initial term are typically low, resulting in lower monthly payments.


ARMs are commonly designated as follows:

  1. The number of years during which the interest rate is fixed

  2. The interval at which rates are adjusted after the initial period

For example, a 5/6 ARM would mean that the loan's first five years are at a fixed rate, and the rate is readjusted every six months thereafter.


Types of ARM Loans Offered by Teachers 



Why Choose an Adjustable-Rate Mortgage

  • You’re looking for a lower monthly payment for the initial years of your mortgage.

  • You’re purchasing a house as a short-term investment and plan to sell within a few years.

  • You’re expecting interest rates to decrease in the coming years.


Apply for an ARM Loan

Visit the Teachers Mortgage Center to check rates and receive a customized quote

Customized Quote


Schedule an Appointment with one of our expert mortgage team members today, or call us for consultation.

Schedule an Appointment


Apply for an ARM Loan.

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Resources and Tools

Mortgage Calculators & FAQs - Learn More
First Time Homebuyers Workshop - Read More


All rates are subject to change without notice. Membership at Teachers is required by opening a minimum $1.00 Regular Savings account. Applicants must meet the loan program requirements, loan to value restrictions may apply. All loans are subject to credit and underwriting approval, certain fees and restrictions may apply. Teachers Federal Credit Union does not offer residential mortgage loans in Puerto Rico. For an updated list of states where Teachers Federal Credit Union mortgages are offered please visit our website.