The SESLOC Federal Credit Union is a mortgage from SESLOC Federal Credit Union. The ongoing APR is Interest rate 7.750% (SOFR-indexed ARM); 15-year term. Loan terms: 15-year adjustable; 1% semi-annual / 5% lifetime caps. This adjustable rate loan has a 15-year term to keep payments more affordable.1 It also offers a 1% semi-annual rate cap / 5% lifetime rate cap.