Adjustable Rate Mortgage (ARM) — Selfreliance Federal Credit Union is a mortgage from Selfreliance Federal Credit Union. Loan terms: The 5/6, 7/6, and 10/6 ARMs offer a fixed rate for the initial period of the loan (for the 5/6 - 5 years; for the 7/6 – 7 years; for the 10/6 – 10 years) and adjust to a six-month ARM after that period.; The interest rate and monthly payment may adjust every six months based on the 30-day average of the Secured Overnight Financing Rate (“SOFR”) (the index) plus a margin of 2.75 percentage points with a 5% initial change cap (2% for the 5/6 ARM), a 1% subsequent change cap, and a 5% lifetime change cap..