Adjustable-rate mortgages (ARMs) offer interest rates that are fixed for an initial period of 5, 7, or 10 years. Interest rates during the initial term are typically low, resulting in lower monthly payments. Following the term, rates are then adjusted according to a preset index and will readjust every 6 months.

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

So, 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. Teachers adjusts its ARM rates every six months.


Arm Options Offered by Teachers

5-Year ARM 
7-Year ARM 
10-Year ARM 

Check Rates


Why Choose an Adjustable-Rate Mortgage

  • Purchasing a house as a short-term investment and plan to sell within a few years
  • Looking for an option with a lower initial monthly payment
  • Expecting interest will be lower in the coming years

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



Resources and Tools


Mortgage Calculators & FAQs - Learn More
How To Apply - 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. For an updated list of states and territories where Teachers Federal Credit Union mortgages are offered please visit our website.