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Whether you’re hunting for your first house or you’re looking for your forever home, we’re ready to help.

It’s no secret the housing market has been keeping many buyers on the sidelines as home values and mortgage rates spiked. Fortunately, home values are starting to decline in many parts of Florida and with the right home loan, your new house might be right around the corner.

What is an ARM?

An Adjustable-Rate Mortgage (ARM) is a common mortgage option where the loan rate can adjust with the economy. Typically, ARMs have an introductory period where the rate is fixed.

For example, Tampa Postal FCU offers members a 10/1 ARM as a borrowing option.

• For the first (10) years of the mortgage, the interest rate is fixed and will not change.
• Beginning in year (11), the interest rate can begin adjusting annually with the economy.

The major draw of an ARM is the fixed-rate during the introductory period is usually lower than traditional fixed-rate mortgages – providing more homebuyers with options to buy a home with lower initial payments.

Why Consider an ARM?

For years, homeowners benefited from lower mortgage rates. Then, rates dropped to historical lows during the pandemic. Locking in those super low-rates with a fixed-rate mortgage made perfect sense – because rates would likely never go that low again.

Fast forward to today and the current fixed-rate mortgages are too costly for many homebuyers.

An ARM’s lower, fixed-rate introductory period allows homebuyers to purchase the home they want now, while enjoying lower payments throughout the intro period.

Perks of a 10/1 ARM:

• Your initial rate is fixed for 10 years
• A lower initial rate helps reduce your monthly payment
• Put more of your budget toward the home you want
• Your rate only begins adjusting annually after the initial 10-year period

Who Could Benefit from a 10/1 ARM?

ARMs provide unique opportunities for specific homebuyers.

For example, assume you’re buying a starter home, and you plan to buy a larger home (7) years down the road to support your growing family. A 10/1 ARM provides lower, fixed rates for those (7) years, gives you the opportunity to build equity in the property, and then you purchase and move to your new home before the rate ever begins adjusting.

A 10/1 ARM from Tampa Postal FCU may be worth considering if you:

• Are buying your first or starter home
• Expect to move within 10 years
• May refinance or make other plans before the 10-year period ends
  
  

Limited Time: 10/1 ARM Special Rate = 5.25%*

Enjoy an even lower, special introductory rate of 5.25% when you use a 10/1 Adjustable-Rate Mortgage (ARM) to purchase a new home.*

Questions about ARMs? Curious if this home loan option is right for you? We’re happy to help!

Please contact Nathan, our Mortgage Consultant:

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(469) 409-6099

*Available on all purchase and refinance applications, in the State of Florida only, for a primary residence using a conforming conventional 10/1 ARM loan portfolio product with Tampa Postal Federal Credit Union. Not eligible on multi-unit properties. Example scenario, calculated 05/20/2026, assumes excellent borrower credit history and is based on a $280,000 loan amount with a 20% cash down payment from the borrower and 80% conventional financing on a 30-year term with an Adjustable-Rate Mortgage (ARM). Example Scenario assumes an initial interest rate of 5.25% with an Annual Percentage Rate (APR) of 5.928% for years 1-10 (120 monthly principal and interest payments of $1,546.17); the first adjusted interest rate can increase or decrease by 2% for 1 year (12 monthly principal and interest payments of $1,301 - $1,814); the second adjusted interest rate can increase by 2% or decrease as low as the rate minimum for 1 year (12 monthly principal and interest payments of $1,274 - $2,091); all subsequent adjustments can increase to the rate maximum or decrease to the rate minimum every year for years 13-30 (annually adjusted monthly principal and interest payments of $1,274 - $2,375). Payment example does not include taxes and insurance; the actual payment obligation will be higher. This is not a commitment to lend. All lending products are subject to credit and property approval. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. The rate may increase after consummation. Additional restrictions may apply. Nathan Curtis, NMLS #1746263, is authorized to act as agent of Tampa Postal Federal Credit Union (15916 N Florida Ave Lutz, FL 33549 | (813) 264.4969 | NMLS ID: 411052) and is authorized to represent Member First Mortgage, LLC (MFM), a licensed Mortgage Lender/Servicer (Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (616) 538.1818 | NMLS ID: 149532). For registration/licensing information, please visit www.nmlsconsumeraccess.org. Equal Housing Opportunity.