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    ARM Home Loans

    Do you feel unsure about your future plans? Are you thinking about moving or buying your first home? If you're not planning on staying for too long, you might want to consider buying a home with an Adjustable Rate Mortgage (ARM) and selling it before the fixed-rate period ends. This can help lower your mortgage payment and make things more manageable for you.

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    RATES AS LOW AS

    6.875%

    30 Year Fixed

    Mortgage underwriting? Local. – Fees? Low as can be.

    ARM (Adjustable Rate Mortgage) Home Loans

    An adjustable-rate mortgage (ARM), also known as a variable-rate mortgage, is a dynamic home loan that allows your interest rate to adapt based on market fluctuations. With an ARM, you can enjoy a lower initial interest rate compared to fixed-rate mortgages, making it an exceptional choice if your priority is to secure the most competitive mortgage rate from the start.

    A GOOD FIT IF...

    • You plan on moving or selling your home within five years, or before the adjustment period of the loan, or
    • Initial monthly payments can be lower
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    LOW FEES

    Levo Credit Union keeps the fees associated with financing a home sensible and minimal. Our origination fee is just 0.75% of the loan amount.

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    Speedy Decisions

    We don’t leave you hanging on our prequalification decisions—you know your approval status when you meet with your loan officer.

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    LOCAL UNDERWRITING

    Our local team features an underwriting pro who can make the qualification process smooth, simple and speedy.

    We're Ready When You Are

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    Current Home Loan Interest Rates

    Mediocre mortgages are a dime a dozen. That’s why Levo flips the script—we have local underwriting, speedy qualification decisions and minimal fees and interest rates. Let’s talk about what the Levo mortgage team can do for your home purchasing goals.

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    Last Updated: May 20, 2024 3:29:53 PM
    Mortgage Type Rate APR*
    30 YEAR FIXED RATE 6.625% 6.806%
    20 YEAR FIXED RATE 6.875% 7.115%
    15 YEAR FIXED RATE 6.500% 6.796%
    10 YEAR FIXED RATE 6.500% 6.916%
    7/1 ARM 6.875% 6.999%
    10/1 ARM 6.875% 6.999%
    SOUTH DAKOTA HOUSING 30 YEAR FHA 5.625% 6.034%
    SOUTH DAKOTA HOUSING 30 YEAR FHA FIXED RATE PLUS 6.125% 6.547%
    FHA 30 YEAR FIXED RATE 6.000% 6.404%
    VA 30 YEAR FIXED RATE 5.990% 6.415%

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    *APR – Annual Percentage Rate. Your loan interest APR will be determined by your credit score. The numbered tiers shown represent credit score ranges as follows: 1= 720+, 2= 680-719, 3= 679 or lower. The specific rate will be set at the time of loan application review. Variable rates are subject to change at the end of each calendar quarter and shall not exceed 18.00% APR. First Mortgage and Construction Loans are subject to an origination fee of 0.75% or $1,000.

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    Routing Number: 291479974

    NMLS: 441310

    If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 1-800-568-5711 for assistance. All products and services available on this website are available at all Levo Credit Union branch locations.

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