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15/1 ARM
Rates as low as
6.890% (6.850% APR*)
Repayment terms up to 30 years
No origination fee**
5% down
Have questions or ready to apply? Contact Clark Adkins at 864.879.1599 or email at cadkins@cpmfed.com and get started on the path to home ownership.
Clark Adkins,
Mortgage Loan Originator, NMLS #1592151
*APR=Annual Percentage Rate. Payments are estimates and include only principal and interest for loan amount of $150,000 for 30-year term. Taxes and insurance are not included. Flood and/or property hazard insurance may be required. Loan origination fee is 0.50% of the loan amount. Other fees and closing costs apply. Loan amounts up to $1,250,000. Down payment of 5% or more required. Rates and terms vary depending upon loan to value ratio, credit, and underwriting requirements, and may change without notice. Available for both purchase and refinance transactions. 15/1 ARM-The initial monthly payment of principal and interest would be $986.90. Beginning in year 16 the rate and payment adjust every year. The rate will change based on adding the then current index value and the loan margin, rounded up or down to the nearest 1/8%, but may not change more than 2% in any one change. The rate may not change more than 5% over the life of the loan. The monthly payment in year 16 would be $1,114.07 if all prior payments were made as scheduled and the rate went up the maximum amount allowed of 2%. Uses 1-Year Treasury Constant Maturity Index. Rates are accurate as of 07/31/2025 and subject to change without notice. Federally insured by NCUA.
Federally insured by NCUA.
CPM NMLS # 509298