Adjustable-Rate Mortgage (ARM)

Realize the dream of homeownership.

Feel right at home with Hughes.

Hughes Federal Credit Union has a mortgage loan program designed to process your loan quickly and efficiently.

We know that when you’re ready to make a big commitment like buying a new home or refinancing your current home, you want great service—and the best rate possible. We provide just that.

Let Hughes handle the home buying process, while you enjoy the search for your family’s new home!

Features & Benefits

  • Competitive, adjustable interest rates
  • No application fee
  • Free pre-approval on your loan
  • Free loan consultation
  • Discounted closing costs
  • Free rate locks


  • 3.125% APR*
    ARM (Purchase)
Effective Date: 05-29-2020

*Annual Percentage Rate (APR) and loan terms can affect your monthly payment. All loans include 1% origination and are based on an 80% loan-to-value (LTV) of purchase price. Use a Hughes Financial Calculator to calculate payment amounts for adjustable rate loans. Consider the following ARM example:

A loan amount of $300,000 for 30 years at 3.750% fixed APR and a 3% down payment will have a monthly payment of $1,347.67. ARM interest rates are subject to increase after initial fixed-rate period.

All loans subject to approval. Certain restrictions may apply. Property financed must be in Arizona. Rate based on creditworthiness and subject to change. The disclosed rates are based upon your credit score and other loan qualifications. A down payment and/or mortgage insurance may be required. Contact a Hughes Federal Credit Union mortgage representative for additional information.

Refinance Rates, please contact a Mortgage Loan Originator.

Why Adjustable-Rate Mortgage (ARM) ?

You do the searching. We'll handle the rest.


Personal Guidance

Our mortgage professionals help you from start to finish. 

Competitive Rates

Keep more of your money with our great rates. 

Easy Processing

Applying for a loan can be done in person or online.


Mortgage Loan Frequently Asked Questions

You may join Hughes Federal Credit Union if you:

  • Live, work, worship or attend school in Tucson
  • Are employed by one of our Select Employer Groups
  • Have a family / household member who is a member of Hughes: Family member – a spouse, child, sister/brother, parent, grandparent, grandchild, stepparent, stepchild, stepsister/brother, or adopted child. A household member is a person living in the same residence sharing household expenses.
  • Make a small donation to one of the following community Special Interest Groups:
    • Friends of the Oro Valley Public Library
    • Friends of the Pima County Public Library
    • Friends of the Green Valley Public Library
    • Tucson Audubon Society

Applying for a mortgage can seem like an overwhelming task, but the professionals at Hughes are experienced and available to make the process as stress-free as possible. Watch our video on mortgage application or read our step-by-step guide:


Most realtors require a pre-qualification form from your lender to begin showing properties, but the benefit to you is personal guidance from our mortgage professionals on selecting your best price range, based on the financial information you provide. This step can be completed online or over the phone with one of our mortgage professionals, and does not include credit verification.

Follow these tips for the best results:

  • Understand your current financial standing (i.e. credit scores, debits, and assets).
  • Calculate the amount you have for a down payment.
  • Determine how long you plan to stay in the home.
  • Do not misrepresent the facts in the pre-qualification process. It could derail your home buying process in the income to debit ration verification step.

Run your own preliminary calculations using our special tools or call 520-794-8341 to schedule your free pre-qualification meeting today.


You’ll need the following information and documents to complete your mortgage application. Please plan to bring these items, for everyone who will be named on the mortgage, to your appointment with a mortgage representative:

  • Proof of address for your current residence, as well as the previous two years.
  • Social Security numbers.
  • Employment history, with names, addresses, and phone numbers of current employer, as well as for the previous two years.
  • Bank and account information, including current balances.
  • Investment information, including if you currently own another home or property. The lender will need to know that address, current market value, and the amount owed on an existing mortgage.
  • Your current debt, including the name of creditors, account numbers, current balances and monthly payment amount.
  • Tax returns for the last five years.


You’ve been pre-qualified and now you’ve found the home you want to buy – make it official. Applying for a loan can be done in person or  online here.


Once the income to debit ratio has been verified, Hughes Federal Credit Union will issue approval on your loan request and evaluate the property you are interested in purchasing.


The paperwork has been completed and you are ready to move forward with closing on your new home!