There Are Mortgage Solutions To Help You Get Your Florida Home

Interested in buying or refinancing your current home loan? Our 5/6 month Adjustable Rate Mortgage (ARM) from Tropical Financial Credit Union is the perfect option. A 5/6 month ARM allows you to lock in a low rate for the first 5 years of the loan, then adjusts every 6 months after that.

Tropical Financial and our 5/6 ARM is the right Florida home loan for you!

Benefits include: 

  • Lower monthly payments when compared to a conventional home loan
  • This loan is available on primary and secondary residences
  • No prepayment penalty
  • Some condominiums may qualify
  • Rate will not increase more than 1% every 6 months
  • Interest rate cannot increase more than 5% above the initial rate over the life of the loan

5/6 ARM New Purchase Rates

Rates effective as of June 10th, 2024


5/6 ARM (variable rate)

Discount Points:1.000

7.377% APR**


Jumbo 5/6 ARM (variable rate)

Discount Points:1.000

7.292% APR**

5/6 ARM Refinance Rates

Rates effective as of May 1st, 2024


5/6 ARM refi (variable rate)

Discount Points:1.000

7.507% APR**


Jumbo 5/6 ARM refi (variable rate)

Discount Points:1.000

7.263% APR**

* APR = Annual Percentage Rate. The interest rates, annual percentage rates (APRs), points and rebates shown are subject to change without notice. The points reflected above are Discount Points paid to lower your rate. TFCU may also charge origination fees. The actual interest rate, points, and annual percentage rate offered may differ depending on your credit qualifications, credit scores, loan to value ratio, type of property and transaction type, as many factors apply to mortgage loan financing. Rates and points will not be locked until a complete application with all the required supporting documents have been provided and a review of the file has been completed. Rates can be locked for up to 60 days. Minimum Loan amounts and other restrictions may apply. TFCU will deposit the $1 minimum requirement to open your account.

The Index. The interest rate change on this ARM will be based on an interest rate index (referred to in this disclosure as the “Index.”)  The Index is the 30-day average Secured Overnight Financing Rate (SOFR), as made available by The Federal Reserve Bank of New York (New York Fed).  Information about the index is available in the SOFR Averages and Index Data (

Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well.  Rates and Offers are subject to change without notice.
**5/6 ARM - Rate is variable with a periodic cap of 1.00% percentage points every 6 months with a lifetime maximum cap of 5.00% above the initial interest rate. Other restrictions may apply. Payment amount does not include taxes and insurance. Actual payment amount will be greater.