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Loans and Mortgages

Loans and Mortgages

Adjustable Rate Mortgage

Adjustable Rate Mortgages (ARM's) have a variable interest rate. The interest rate and the monthly payment may change periodically, depending upon the program you choose.


  • Loans available to applicants with as little as 3% down.
  • Terms up to 30 years.
  • No prepayment penalties
  • Monthly billing available.
  • Pre-qualifications available.
  • Your mortgage interest may be tax deductible. Consult your tax advisor.
  • Point options available to reduce your rate & payments.
  • Servicing maintained by Central One.
  • Utilize Mortgage Payment Calculator to figure your payment.

Several Payment Options

Rate Caps:

To limit the risk of rate fluctuations, these mortgage loans have interest rate caps. These caps dictate a maximum increase or decrease to your interest rate allowable at each rate change, as well as the maximum rate change allowable for the life of the loan.

Our interest rate cap is 2% (up or down) at every review and 5% over the lifetime of the mortgage. Generally, ARM rates are lower than Fixed Rate Mortgages.

Apply Now!


Save $500 On Your Closing Costs!

You could save $500 on your closing costs when financing your home
with Central One by purchasing with one of these local realtors:

List of Local Realtors

*Not available on our no closing cost programs.
*May not be combined with other programs Central One Federal Credit Union may be offering.

 Mortgage Application: Standard Checklist of Conditions 

 Would you like to know more? Contact us or visit any branch location and we'll get you started.


CentralNet Login

CentralNet Enrollment

For first-time login to CentralNet, use the password you selected when you opened your account.

If you do not have a password or have forgotten it, call 508-842-7400 or 800-527-1017.


Live Chat by LivePerson

Secure Chat is available
Monday through Friday
8:00 a.m. to 4:30 p.m.

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