The "Five Star" Mortgage

Just 3.875% with Zero Points!


Limited Time Offer

APL Federal Credit Union's "Five Star" mortgage is now available for a limited time, with an interest rate of just 3.875%. The Five Star is a 5/5 mortgage that offers applicants with very good credit the affordability of an ARM with the security of a fixed rate.

How it Works

Unlike a traditional 5/1 ARM that can adjust yearly after the five-year initial rate, the Five Star Mortgage is a 5/5 ARM that can only adjust once every five years.

Other Features Include:

  • Available for purchases or refinances
  • One rate up to $750,000 - jumbo loans included!
  • borrow (or cash out) up to 80% loan to value (LTV)
  • Maximum rate cap of 2% per adjustment period, with a lifetime maximum of 5%
  • Held and serviced by APL FCU, not sold.
  • Closing costs can be rolled into loan amount
  • The 5/5 format means only one adjustment period in the first 10 years

APL FCU has limited funds allocated for this promotion.
This is a first come, first served offer while proceeds last. 


Closing Cost Definitions

* The Five Star Mortgage is available on primary residences located in Maryland, Delaware, Virginia, West Virginia, Pennsylvania and Washington, DC. Subject to underwriting approval and APL FCU membership eligibility. Available for new business only. Members with current in-house first mortgage loans and seconds not eligible. Appraisal required and an application fee applies. LTV limit of 80%, with CLTV limit of 90%.

Terms: 3.875% introductory rate; 0 points. Member allowed to escrow with 80% LTV and 0.125 point cost. Lock-in period of 50 days. Interest only not allowed. Minimum financing amount $100,000. Floor Rate: 2.875%. Index: 1 Yr CMT. Margin: 2.875%. Rate Cap: 2/5 (2% maximum per adjustment period, 5% maximum above the initial interest rate over the life of the loan). For more information, stop by any APL FCU branch or call 443-778-5250 to speak with a credit union representative.

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