DON’T LET RISING MORTGAGE RATES SHUT YOU OUT OF THE HOUSING MARKET!
A WEOKIE Adjustable Rate Mortgage offers lower initial monthly payments, perfect if you're planning on selling or refinancing your home in the future.
The 30 year 5/5 ARM is our most popular loan right now!
WEOKIE's 30 year 5/5 ARM (Adjustable Rate Mortgage) has an initial rate as low as 6.750%* for the first five years of the loan, far below current average rates on 30-year fixed-rate loans.
We are here to help you find the right option to fit your needs. Give us a call at 405-235-3030 or apply online today.

30 yr 5/5 ARM 6.750%*
Get Low Monthly Payments and More Borrowing Power
The 5/5 ARM is our most popular loan right now!
WEOKIE's 5/5 ARM 30-Year Term (Adjustable Rate Mortgage) has an initial rate as low as 6.750% for the first five years of the loan, far below current average rates on 30-year fixed-rate loans. It's a great way we can help you bring homeownership within reach. Our origination fee is also only $750!
ARMs can be complex, but a WEOKIE Mortgage specialist will work closely with you to be sure to understand all the terms and conditions that can impact your payment now and in the future.

AFFORD YOUR DREAM HOME WITH AN ARM
An ARM gives you more purchasing power.
The 5/5 Adjustable Rate Mortgage Offers:
- A LOW annual percentage rate for the first five years – currently 6.750% on the 30 year term.*
- Rate adjustments are capped to keep your mortgage affordable.
- Rate adjustments only occur once every five years on the 10-year, 15-year, 20-year, and 30-year terms.
- The maximum increase of just 2% per rate adjustment (lifetime maximum adjustment varies by term)*
- Low down payments
- Purchase or refinance
- Flat $750 origination fee.
- Rate adjustments are capped to keep your mortgage affordable.
To find out if the 5/5 ARM is right for you, contact one of our friendly, knowledgeable Real Estate Specialists at 405-235-3030.
Current WEOKIE members, apply here.
*Visit https://mortgage.weokie.org/rates.asp for current APRs and payment samples. Rates and terms are accurate as of September 22, 2023, and are subject to change without notice.

Secure a lower mortgage rate with an
Adjustable-Rate Home Loan
Adjustable-rate mortgages (ARMs) have an interest rate that may change periodically depending on changes in a corresponding financial index that’s associated with the loan. When the rate changes, generally, your monthly payment will increase if rates go up and decrease if rates fall. An adjustable-rate home loan may offer you the flexibility you need if you expect future income growth or if you plan to move or refinance within a few years.
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Enjoy lower initial interest rates with lower payments than comparable fixed-rate mortgages. This may help you build equity faster.
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The ARM interest rate resets on a pre-set schedule, typically every 5, 10, or 15 years.
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Rates change with market shifts, and if they go down, so will your monthly payments.
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Interest rate caps set a limit on how high your interest rate can go.
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Up to 100% home purchase and 95% cash-out financing are available to our best-qualified borrowers.

What's My Monthly Payment?
Will the size of your monthly payment pinch your pocketbook? Find out based on our most current daily rates and the amount you want to borrow.
Our calculator will figure the monthly payment across our variety of loan options. Choose the term that is right for you!It is quick and easy!
WEOKIE ARMs offer the best of both worlds.
The affordable, low rate of an adjustable-rate loan, and the peace of mind that comes with a fixed-rate conventional loan.
This is a great option for homeowners expecting to be in their homes for less than 10 years. Even with today’s low mortgage rates on 30 and 15-year fixed-rate loans, the initial interest rate on a 5/5 ARM is even lower.
The example below illustrates your monthly savings with a 5/5 Adjustable Rate Mortgage vs a 30-year fixed mortgage.
ARM vs. fixed: Example mortgage payments1 |
5/5 ARM LOAN30 Year Term $1,297Monthly Payment (not including taxes and other fees)2 |
Fixed-Rate Loan30 Year Term $1,416Monthly Payment (not including taxes and other fees)3 |
Interest Rate: | 6.750% | 7.625% 2 |
Advantages: |
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Best Choice If: |
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Disadvantages: |
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1- Monthly payment based on $200,000 loan amount. APR = Annual Percentage Rate. Normal lending policies apply. Some restrictions apply. The offer is subject to credit review. Adequate collateral and acceptable term must be provided for all loans. Your annual percentage rate is based on your credit history. Rate, terms, and conditions are subject to change without notice. All examples, rates, etc. are hypothetical and only for illustrative purposes. Loan payment amounts are shown for example payment only; it does not constitute an offer. Rates and terms vary due to additional restrictions, including but not limited to qualification requirements, actual loan amount, property type and condition, credit review, etc. Final rates and terms will be discussed with your loan officer. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. FEDERALLY INSURED BY NCUA. NMLS# 442689 2- Payment, rate, and APR calculated at the lowest rates available to well-qualified buyers for 5/5 ARM LOAN 30 Year Term at 6.750% (APR 7.073%) as of September 22, 2023. 3- Payment, rate, and APR calculated at the lowest rates available to well-qualified buyers for 30 Year Fixed-Term at 7.625% (APR 7.887%) as of September 22, 2023.
*APR = Annual Percentage Rate. Initial offering rates as low as 6.750% on the 30 Year 5/5 ARM Loan. The 5/5 ARM adjusts only once every 5 years. Rate is subject to increase or decrease at each adjustment once every five years. Rate adjustments are calculated using an index based on the 5 year US Treasury Index plus a margin of 2.5% then rounded to the nearest 1/8%. The current index is 4.426% as of September 20, 2023. Quoted monthly payments do not include taxes, property insurance, or mortgage insurance. Rate is variable and can increase no more than 2 percentage points every 5 years. Rates over the term of the loan will not fall below the initial floor rate. Visit https://mortgage.weokie.org/rates.asp for current APRs and payment samples. Rates and terms are accurate as of September 22, 2023, and are subject to change without notice.
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