Adjustable Rate Mortgages

An Adjustable Rate Mortgage (ARM) is a mortgage loan program with low caps on rates. The rate is tied to the Cost of Fund Index which is less volatile index than other adjustable rate loans. This feature will minimize payment fluctuations.

  • Rates may adjust only every 5 years up or down
  • Up to 95% LTV
  • 5 year adjustments are limited to a 2% cap
  • Terms up to 30 years
  • Up to 95% LTV
  • No prepayment penalty
  • Lender Paid Credit Up to $2,500 towards closing costs
  • Refinance or purchase
  • Automatic payment options
  • Loan is retained by Keesler Federal and will not be sold

The interest rate can go as low as the floor rate of 2.99%.