The Johns Hopkins Federal Credit Union is offering an Adjustable Rate Mortage(ARM) with a rate of prime minus 2.5%. The rate is adjusted once a year on the anniversary of the settlement date of the loan. Annual rate increases for this loan are capped at 2.00%. This loan also comes with a $1,500 closing cost rebate.

Field of membership in The Johns Hopkins Federal Credit Union is extended to employees and retirees of John Hopkins University and a number of select employer groups. Membership is also extended to those who live, work, worship, volunteer, or attend school in a defined area within Baltimore, Maryland.