With the Choice Mortgage from Southern Mass Credit Union, enjoy a low, fixed rate for the first 10 years of the mortgage. After the first 10 years, the rate will adjust annually. This could be a great option for those who want to refinance an existing mortgage and quickly pay off their loan.


10-1 Adjustable Rate Mortgage*

Interest Rate: 2.99%

APR*: 3.656%

No Points


Contact one of our Mortgage Loan Originators with any questions.


Apply Now


Let's work together to find the right mortgage solution for you.

*APR is annual percentage rate. Rate indicated reflects a credit score of 660 with automatic payment from a Southern Mass Credit Union checking account. Maximum loan amount $1,000,000. Purchase or rate term refinances up to 90% loan to value; loan to value greater than 80% will require mortgage insurance. Cash out transactions have a maximum loan to value of 80%. Owner occupied 1-2 Unit primary residence properties or 1 unit second homes permitted; detached, attached, townhouse, warrant-able condo in Massachusetts and Rhode Island. Cash out transactions add 0.26% for an interest rate of 3.25% and an APR of 3.812%; 2 unit properties add 0.26% for an interest rate of 3.25% and an APR of 3.812%; 2 unit properties with cash out add 0.51% for an interest rate of 3.50% and an APR of 3.963%. For 10 years fixed at 2.99%, 120 monthly payments of $4.20 per $1,000 borrowed based on a loan amount of $225,000. Payment does not include taxes and insurance premiums therefore payment obligation will be greater. Borrower responsible for closing costs, real estate taxes and property insurance. Other terms, conditions and restrictions apply. Subject to credit approval. Offer subject to change without notice. Rates are accurate as of 12/02/2019.