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Adjustable Rate Mortgage Program (ARM)

Sierra Central offers two ARM Programs with variable interest rates that last a set period of time and adjusts every 12 to 24 months thereafter, depending on the program, for the remaining loan term.
PURCHASE - RATE/TERM - CASH-OUT
• Fast turn times
• Competitive interest rates
• Local lender
• Reliable communications
• Excellent customer services
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5/1 Adjustable Rate*
Variable interest rate that lasts a set period of time and adjusts every 12-months thereafter, for the remaining loan term.
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PURCHASE & RATE/TERM REFINANCE
up to$726,200 loan amount
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• No prepayment penalty
• Index: CMT, Life Cap.: 6%, Floor Rate: 3%, Per Run Cap: 1.00%, Margin: 2.5%
• Up to 97% LTV - Primary Residence & > 680 credit score
• Up to 80% LTV - Primary Residence & > 620 credit score
• Up to 90% LTV - Second Home & > 700 credit score
• 240 months or 360 months terms

CASH OUT REFINANCE*
up to$726,200 loan amount
• No prepayment penalty
• Index: CMT, Life Cap.: 6%, Floor Rate: 3%, Per Run Cap: 1.00%, Margin: 2.5%
• Up to 80% LTV - Primary Residence & > 620 credit score
• Up to 75% LTV - Second Home & > 700 credit score
• 240 months or 360 months terms
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2/2 Adjustable Rate*
Variable interest rate that lasts a set period of time and adjusts every 24-months thereafter, for the remaining loan term.
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PURCHASE & RATE/TERM REFINANCE
up to$726,200 loan amount
‍
• No prepayment penalty
• Index: CMT, Life Cap.: 6%, Floor Rate: 3%, Per Run Cap: 1.00%, Margin: 2.5%
• Up to 97% LTV - Primary Residence & > 680 credit score
• Up to 80% LTV - Primary Residence & > 620 credit score
• Up to 90% LTV - Second Home & > 700 credit score
• 240 months or 360 months terms

CASH OUT REFINANCE*
up to$726,200 loan amount
• No prepayment penalty
• Index: CMT, Life Cap.: 6%, Floor Rate: 3%, Per Run Cap: 1.00%, Margin: 2.5%
• Up to 80% LTV - Primary Residence & > 620 credit score
• Up to 75% LTV - Second Home & > 700 credit score
• 240 months or 360 months terms

Get Connected with a Mortgage Specialist
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If you’re looking for a home loan lender who understands your financial situation and your personal goals, let Sierra Central Credit Union help you with your home loan process.
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*Annual Percentage Rate. All mortgage rates and points are based on a 60-Day rate lock unless otherwise noted. Based on a $200,000 loan amount with 20% downpayment, the initial payment for the first five years is $1,173.51 followed by 299 payments at $1,181.95 and 1 payment at $1,183.33. Adjustable Rate Mortgage Rates are variable and may increase or decrease after consummation. Membership open to anyone who lives, works, worships or attends school in any of our branch location counties. Membership and/or participation fees may apply. Other restrictions may apply; must meet account opening criteria to join. Any rates, fees and terms subject to certain criteria and may vary. We reserve the right to correct printing errors.

** Annual Percentage Rate. All mortgage rates and points are based on a 60-Day rate lock unless otherwise noted. Based on a $200,000 loan amount with 20% downpayment, the initial payment for the first two years is $953.68 followed by 24 payments at $1,066.14 followed by 311 payments at $1,165.62 and 1payment at $1,165.62. Adjustable Rate Mortgage Rates are variable and may increase or decrease after consummation. Membership open to anyone who lives, works, worships or attends school in any of our branch location counties. Membership and/or participation fees may apply. Other restrictions may apply; must meet account opening criteria to join. Any rates, fees and terms subject to certain criteria and may vary. We reserve the right to correct printing errors.
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‍Consumer fee schedule

BECOME A MEMBER and find out for yourself, why Sierra Central Credit Union
is Northern California's premier
financial institution.

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1351 Harter Pkwy
Yuba City, CA 95993
Routing # 321174770
1-800-222-7228

Consumer Fee Schedule | Business Fee Schedule | Privacy Policy | CCPA
APR = Annual Percentage Rate may vary depending on loan details such as amount financed, term, credit history and loan fees. Rates are subject to change without notice.

LTV = Loan to value.
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All loans subject to credit approval and some restrictions may apply. 

Payment example Auto Loan: Estimated APR of 6.49% on a loan amount of $35,000, for 60 months= Payments as low as $684.65per month. Lower rate options may be available based on a lower loan-to-value percentage, credit tier, or length of membership.   

Payment example Signature Loan: Estimated APR of 9.74% on a loan amount of $25,000, for 60 months= Payments as low as $527.98 per month.
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Consumer Fee Schedule
Insured by NCUA. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

Sierra Central Credit Union does not discriminate against credit applicants on the basis of race, color, religion, national origin, sex (which includes gender identity and sexual orientation), marital status or age (provided the applicant has the capacity to enter into a binding contract).
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