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Home > Personal > Loan Center > Home Loans > Adjustable-Rate Mortgages

Adjustable-Rate Mortgage (ARM)


Don't let higher interest rates put a damper on your dreams. Members First Credit Union of Florida's adjustable-rate mortgage (ARM) is a great choice if you're purchasing a new home or refinancing your current home to lower your payment and improve your cash-flow, consolidate high-interest debt, and/or eliminate mortgage insurance. ARMs are also a great option for buyers who plan on living in their home for a short period of time or think interest rates may go down in the future. Properties that qualify for our ARM program are primary residences. 


Our Adjustable-Rate Mortgage Benefits:

Why choose Members First? Our ARM options offer significant savings along with other benefits.

Lower Closing Costs:

  • No Points
  • No Origination Fees (borrower pays only a $285.00 Document Preparation Fee)
  • No Intangible Tax
  • No Private Mortgage Insurance (PMI)
  • No Escrow Required

Other Benefits:

  • Lower Initial Payments
  • Pre-approvals
  • Fast In-house Processing, Underwriting, Decisions, and Local Loan Servicing
  • Competitive Rates and Terms
  • Bi-weekly Mortgage Payments
  • First Time Home Buyer Program


Finance With Members First:

Members Firsts 5/5 ARM is a great option if you plan on living in your home for only a few years or think interest rates may go down in the future. 

5 Year ARM

A true 5/5, our 5 Year Adjustable-rate Mortgage has an initial fixed rate for 5 years. After the introductory period, your rate can adjust every 5 years by no more than 2% up or down depending on what the Federal Reserve Treasury Constant Maturity rate is at that time. The maximum lifetime adjustment is 6%. 

Apply for a loan See Our Rates


First Time Home Buyer Program

member closing photos

With interest rates on the rise, an adjustable-rate mortgage at Members First can help first time homebuyers save money now with initial lower payments. A Members First ARM can be used for all loan purposes like refinances, purchases, and our First Time Home Buyer program.

  • Affordable rate and flexible terms
  • Down Payment as low as 3%


If you have any questions about our First Time Home Buyer Program or which mortgage option is right for you, we're here to lend a helping hand. Give us a call at (850) 434-2211 and select option 2 to speak with a representative in our loan or mortgage center. 

Apply for a loan Contact Us









Rhonda Nelson
Mortgage Loan Manager
NMLS# 1119389
(850) 434-2211 Ext. 171
Email Rhonda


Mary Wade
Mortgage Loan Officer
NMLS# 490544
(850) 434-2211 Ext. 185
Email Mary


Amy Garrett
Mortgage Loan Processor
NMLS# 1470666
(850) 434-2211 Ext. 215
Email Amy

Is one of our Mortgage Team members busy or out of office?  Email the Mortgage Group or call us (850) 434-2211 Ext. 842 and our next available team member will be there to assist you.


APR = Annual Percentage Rate. All loans are subject to credit approval. Rates and terms are based on individual credit worthiness. Terms and conditions apply. NCUA Insured. Equal Housing Lender. NMLS# 405711.

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Members First CU of Florida
NMLS #405711
Equal Housing Lender National Credit Union Administration
This Credit Union is federally-insured by the National Credit Union Administration. We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act.
Members First Credit Union of Florida is not affiliated with Members First Credit Union (Kentucky)

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