Interest-Only Mortgage Program

¹Offer applies to a 1/1, 3/3, or 5/5 Adjustable Rate Mortgage (ARM) only. Rate adjusts as indicated by loan term. For example, a 1/1 ARM has a fixed rate for one year then can increase or decrease each (1) year thereafter. At the end of the loan term, a final lump sum principal payment is due. Maximum Loan-to-Value for each property type is as follows: Primary Residences up to 90%; Second Homes up to 80%; Condominiums up to 75%; Investment Properties up to 65%. Other restrictions may apply. Must be eligible for membership. $50 minimum balance required to open and earn 0.10% APY (APY = Annual Percentage Yield) on Lafayette Federal share savings account balances. Rates current as of January 1, 2023 and subject to change without notice. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government. Lafayette Federal Credit Union is an Equal Housing Lender. NMLS# 464425.