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No matter where you are in life, Chevron Federal Credit Union works with you to find the best mortgage solution for your needs.

Whether this is your first home purchase or your fifth home purchase, you may prefer a mortgage with a lower initial interest rate that adjusts over time. Maybe you’ve got money tied up in other properties that you know you’ll sell in the next five years, or maybe you’re optimistic that your income will grow with time. Whatever the reason, an adjustable-rate mortgage provides a lower initial interest rate, which results in a lower initial payment and increased buying power up front.

How it works

  • Start out with a lower interest rate than the average fixed rate mortgage, and enjoy lower payments up front
  • Available in 15- and 30-year terms1
  • Enjoy an initial fixed-rate period of 3, 5, 7, or 10 years before the rate adjusts; the interest rate typically adjusts every six months from there

Still have questions?

Our Mortgage Loan Officers are here to help you every step of the way. Please call our Home Loan Help Desk at 888-334-5120. For those outside the U.S., call 510-627-5120.

To check your pending application status, simply log in to your existing application.

Determine your monthly mortgage payment.


Please Note: Credit bureaus are allowed to make your contact information and credit score available to other mortgage providers. If you wish to opt-out of receiving pre-screened offers, call 888-5-OPTOUT (888-567-8688) or visit

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1 Payment Example: At a 6.250% initial interest rate (7.309% APR), a 5/6 ARM with a 30-year term would have monthly payments of $4,433.16 for the first 60 months, then $5,186.82 for the next 300 months, assuming no increase to the index. Your actual payments will be based on market conditions at the time of interest rate changes per the terms of your loan agreement. For ARMs, the rate may increase after consummation. These payments are based on a $720,000 loan on a $900,000 property in Alameda County, CA. If an escrow account is required or requested, your actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The values shown assume the loan is for the purchase of a single-family residence that will be used as a primary residence and that the applicant has a credit score of 740 or higher.

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