Fixed- and Adjustable-Rate Mortgages

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Fixed-rate

When you opt for a fixed rate mortgage, you’re choosing a loan with an interest rate that won’t change. You lock in a mortgage rate and you keep that rate for the life of the loan. That means you’ll consistently pay the same monthly mortgage for as long as you keep your home (that payment can fluctuate slightly if the amount you pay in taxes or insurance changes).

Common terms for a fixed-rate mortgage are 15- and 30-years.

Adjustable-rate

Choosing an Adjustable Rate Mortgage (ARM)¹ means your loan will start out with the rate you lock in at the beginning of your loan process. You choose an initial fixed rate period (usually 5, 7 or 10 years) during which you’re charged the interest rate you locked. After that initial fixed rate period, your rate adjusts every six months according to the market, but typically has a max rate cap. That means after the fixed rate period ends, your monthly mortgage payment can fluctuate every six months.

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Connect with a local lender.

Fill out the form below or call 1-800-914-8224 to get in contact with the Mortgage Services team.

Have a question about an existing home loan? Call 1-800-UCBANK1 (1-800-822-2651) and choose Option 6 to connect directly with our loan servicing experts.

Find a Mortgage Lender in Your Area

Ali Cook

AVP, Mortgage Loan Originator

770-631-6251 Email

NMLS# 1769112

Betsy Kelly

Mortgage Loan Originator

(706) 697-7323 Email

NMLS# 1451484

Carolyn Swanner

VP - Mortgage Loan Originator

828-697-3469 Email

NMLS# 643804

Cindy Stone

VP - Mortgage Loan Originator

(706) 632-4506 Email

NMLS# 1216150

Courtney Johnston

VP - Mortgage Loan Originator

(423) 339-5464 Email

NMLS# 1450800

David Jolly

AVP - Mortgage Loan Originator

(404) 483-5729 Email

NMLS# 395787

David Turner

VP - Mortgage Loan Originator

(678) 567-2000 Email

NMLS# 546621

Donna Robertson

AVP - Mortgage Loan Originator

(770) 995-3830 Email

NMLS# 1715410

Dwight Fortenberry

Mortgage Loan Originator

864-644-0264 Email

NMLS# 723229

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Looking for another option?

Jumbo Loans

We offer higher-than-conventional loan limit options for those dreaming BIG. Whether you are buying, refinancing or finally adding that movie theater room, we have the fixed-rate and ARM options to fit your unique needs.

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VA Mortgage Loan

You have served us, so let us to support you. For all past and present military members, and surviving spouses who are looking for help with buying a new home, we can assist you with a VA Mortgage Loan. Take advantage of potentially no down payments or mortgage insurance, low fixed rates and various repayment options.

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Cash-Out Refinance

When you choose a cash-out refinance, you replace your current home loan with a new mortgage for more than you owe on your home. At closing, you receive the difference in cash. This type of refinancing allows homeowners to access equity built in their property. It's a way to utilize the value of your home for various financial needs or investments.

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ARM loans are variable rate loans. Interest rates and payments may increase after consummation. After the initial fixed-rate period, your interest rate can increase or decrease every six months according to the market index. Any change may significantly impact your monthly payment.
²Terms listed apply to primary homes only. Restrictions apply. Not all borrowers will qualify. This is not a commitment to lend.