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Types of Loans

Adjustable Rate Mortgages (3/3 ARM, 5/5 ARM)
These increasingly popular ARMS can offer you a lower monthly payment due to an intro interest rate combined with a 40-year term. For example, a "5/5 ARM" has a fixed monthly payment and interest for the first five years and then can change every 5 years thereafter.  It's a good choice for people who expect to move (or refinance) before or shortly after the adjustment occurs.

First Time Homebuyer Program
Becoming a home owner is an exciting step that can seem daunting at times. Triangle’s program for first time buyers was built with you in mind: with low rate options and help from our mortgage professionals every step of the way. With 97% loan to value options for single family homes and 95% loan to value options for condominiums, you can depend on Triangle to help you get into your first home for minimal money down. Plus, with our 40-year 5/5 and 3/3 adjustable rate mortgages, your monthly payments will be lower than with shorter term options.

Ten and Fifteen-Year Fixed Rate Mortgages
These loans are fully amortized over a 10 or 15-year period and feature constant monthly payments with a lower interest rate—and you'll own your home faster. The disadvantage is that  you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 10 or 15 years. This approach is often safer than committing to a higher monthly payment.

Thirty-Year Fixed Rate Mortgage
The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

Jumbo Mortgages
Did you know Triangle Credit Union offers Jumbo Mortgages up to $1,000,000? With a host of Triangle Credit Union mortgage products, we offer the same low rates as our conventional mortgages, with no hidden charges and no unwelcome surprises.


Triangle Credit Union NMLS #528721
33 Franklin Street, Nashua, NH  03064
Direct:  (603) 889-2470 Ext. 135
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