Why TruWest

ARMs Have Grown Up


An adjustable rate mortgages (ARM) isn't what it used to be. Now, these types of mortgage loans are more secure and safer than ever. Our ARMs offer financial flexibility with lower initial fixed-rate monthly payments in a time frame that works for you.

  • No prepayment penalties
  • Terms available: 5-, 7- and 10-years
  • Capped interest rates
  • Lower monthly payments

Have questions? You can talk to a mortgage loan originator at 1(855) 841-9203.

Rates & Fees

Determine Your Costs

In order to see our most up to date rates please click the button below:


Frequently Asked Questions
  • Do I need to be a member TruWest Credit Union to get an adjustable-rate mortgage?

    Yes. A membership is required if you are approved for the loan.

  • What is the difference between an ARM and fixed rate loan?

    With a fixed rate mortgage, the interest rate is set when you take out the loan and will not change. With an adjustable rate mortgage (ARM), the interest rate may go up or down. Many ARMs will start at a lower interest rate than fixed rate mortgages. This initial rate may stay the same for months or years.

  • What documents do I need to apply for a loan?

    To simplify your home loan process, here is a list of documents TruWest will be requesting:

    Standard required documents

    Employment & Income:

    – Paystubs covering the last 30 days

    – 2 most recent years W-2s/1099s

    – Most recent 2 months bank statements (all financial institutions)

    – Social Security Award letter (if applicable)

    – Retirement/Pension award letter (if applicable)

    – Most recent quarterly Retirement/Pension statement (if applicable)

    For purchasing a home

    – Copy of all pages of the purchase contract, including real estate agent name and phone number

    For refinancing a home

    – Homeowner’s insurance declaration page or name and phone number of insurance agent

    Additional documentation may be needed. Your mortgage loan officer will provide you a complete list of additional documentation required to complete your mortgage.

  • What should I consider when reviewing loan rates?

    Be an informed consumer by understanding the differences between home loan options and shopping around for rates. This will give you the essentials needed to pick the right loan for your situation.

    Think about how long you plan to keep the loan. If you are looking to sell your home in a few years, consider an adjustable-rate mortgage, which can provide lower payments and flexibility. But if you are in it for the long-haul, a fixed-rate mortgage can offer the comfort of always knowing your payment and an interest rate that doesn’t change over the length of the loan.


    Understand the relationship between rates and points. Points are considered prepaid interest and may be tax deductible. One point is equal to 1% of the loan, so one point

  • Who are loan originators that work with TruWest?

    These are our licensed mortgage loan originators.

  • Does TruWest have any down payment assistance funds?

    Yes. TruWest offers the Workforce Initiative Subsidy for Homeownership (WISH), which provides qualified homebuyers a match up to $22,000 to use for a down payment. More details.

  • Can I qualify for a loan with Social Security or investment income?

    You may be able to qualify for a TruWest loan with Social Security or investment income. Click a loan type under “LOANS” at the top of the page to apply, or call 1-855-878-9378.

Next Steps

As easy as 1, 2, 3

How to Apply for an Adjustable-Rate Mortgage

  1. 1


    Apply online or by phone at (855) 841-9203.
  2. 2


    Applications with complete information will be processed and disclosed within 3 business days. A licensed TruWest Mortgage Loan Originator may contact you if additional information is needed
  3. 3


    Once the application process has started, the origination process will begin. Origination times may vary based on transaction, but normally take 30-45 days.
  4. 4


    Once the loan has passed underwriting, a TruWest representative will contact you to arrange a closing appointment.

Must qualify as a TruWest member. Financing solutions not available in AK, HI, LA, SC, VT, and WI. Condominium financing not available in NY and with restrictions in certain areas in FL. All loans subject to credit approval and program terms, conditions, and restrictions. Programs, rates, restrictions, terms and conditions are subject to change without notice. NMLS ID 640299

Financial Service Center Closure

Our McCormick financial service center will be temporarily closed until further notice. Visit our locations page to find the nearest financial service center to you. As always, you can access your accounts in Online Banking, 24 hours a day, 7 days a week.