GET READY TO SAY WELCOME HOME

Mortgage Rate-Drop Promotion

If you didn’t think now was the right time to purchase your home – think again!

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The Offer

Become a homeowner today knowing you have a one-time opportunity to reduce your mortgage rate within the first two years at NO COST TO YOU.* Now through August 15, we’re offering a one-time rate modification within the first two years of a new first mortgage (5/1 adjustable-rate mortgage).

This limited-time program is designed to make your dream home a reality this summer!

How It Works

• Close on your mortgage loan (5/1 ARM) by August 15.
• Contact MCU member service within two years of closing on your mortgage to request your rate adjustment.
• We’ll modify your rate without the need for a full refinancing process, based on current market rates.
• Your adjusted rate will reflect the current market rate for a 5/1 ARM, your original credit score and appraisal value at time of original loan; amortization would remain the same.

What is a 5/1 adjustable-rate mortgage (ARM)?

An adjustable-rate mortgage (ARM) has a rate that can change, which causes your monthly payment to increase or decrease depending on the interest rate. The initial interest rate is fixed for a specified period of time, then periodically changes. A 5/1 ARM has a set interest rate for the first 5 years, and then the interest rate adjusts annually. In this case, you have the opportunity to lower your rate within the first two years.

Eligibility

This special offer is available to new MCU mortgage members who qualify for a 5/1 ARM.

We’re here to chart your course to owning a home!

*Valid on a 5/1 Adjustable-Rate First Mortgage with Marine Credit Union closed between June 1, 2025 and August 31, 2025, for a limited time, subject to change without notice. Redemption of a one-time rate modification must be redeemed by the borrower by August 31, 2027, and cannot be combined with any other promotional offerings. Modified terms will be  determined when the offer is redeemed and will be based on the borrower’s original profile as well as appraised value of the property at the time of closing. Offer is not redeemable if the loan is in default or the borrower has caused Marine Credit Union a loss. The one-time modification is an amendment to the borrower’s original note to lower the rate for five (5) years. After that five (5)-year period the loan rate will adjust in accordance of the terms of new agreement that the borrower signs. This is not a commitment to lend. All lending products are subject to credit and property approval. Additional restrictions may apply.

Membership required.