New England Federal Credit Union has made available its 5/1 ARM program as follows:
| 1st Time Homebuyers | All Others | |
| Maximum Term | 30 Years | 30 Years |
| Current Rate, Fixed for 5 Years | 4.875% | 5.000% |
| Maximum % Financed | 80% | 80% |
| Maximum Rate Increase, Starting in the 6th Year | ||
| Per Year | 2% | 2% |
| Over Life of Mortgage | 5% | 6% |
For more information, please contact your broker or contact NEFCU directly using the following:
Carol
McKinney
New England Federal Credit Union
172 South Main Street
St. Albans, VT 05478
Direct Phone: 802-764-6504
Toll-Free for Franklin County: 866-805-6267 x6504
E-mail: mckinney@nefcu.com
| Maximum Term | 20 Years |
| Current Rate, Fixed for 7 Years | 5.000% |
| Maximum % Financed | 15% |
| Maximum Rate Increase, Starting in the 8th Year | |
| Per Year | 1% |
| Over Life of Mortgage | 5% |