Tucson Federal Credit Union Launches Innovative Fixed4Five Mortgage Loan

Tucson Federal Credit Union (TFCU) is proud to announce the launch of its newest mortgage product, the Fixed4Five Mortgage Loan. This innovative offering combines the stability of a fixed-rate mortgage with the flexibility of an adjustable-rate mortgage (ARM), providing homebuyers with an easy way to meet loan needs.

The Fixed4Five Mortgage Loan features:

1. An initial five-year fixed-rate period, offering stability and predictability for new homeowners
2. Subsequent rate adjustments every five years not to exceed 2%, even allowing borrowers to potentially benefit from favorable market conditions
3. A lifetime cap that limits rate increases to no more than 5.00% over the loan's lifetime, providing long-term peace of mind
4. Availability for 30-year mortgage terms, providing lower monthly payments

"We designed the Fixed4Five Mortgage Loan to give our local home buyers the best of both worlds - the security of a fixed rate for those crucial first five years, and then the opportunity to adapt afterwards based on changing market conditions and personal financial goals" cited TFCU CEO Matthew Gaspari.

The Fixed4Five Mortgage Loan is particularly advantageous for homebuyers who:

• Anticipate changes in their financial situation over time
• Want to benefit from potentially lower initial rates compared to traditional 30-year fixed mortgages
• Desire the flexibility to refinance or sell their home before or after the initial fixed-rate period

This new product underscores TFCU’s commitment to innovation in the mortgage industry and its dedication to providing customers with diverse, tailored financial solutions. TFCU continues to offer all advantages of a nationwide bank but with that special local service only a local credit union can give. 

For more information about the Fixed4Five Mortgage Loan, please visit www.tucsonfcu.com.

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