Get a Great Rate Now. TRIM It Down Later.
With a TRIM™ fixed-rate mortgage, if interest rates drop within the first five years, you can FLOAT DOWN your interest rate with NO fees, which will SAVE YOU THOUSANDS in refinance fees and interest!
TRIM™ mortgages are offered exclusively through select Massachusetts Credit Unions.
So buy your dream home today with peace-of-mind knowing that if interest rates drop, so can your mortgage rate.*
Benefits:
- Lower your rate
- NO COST to you
Best for people who:
- Have a high interest rate
- Wish to float down their rate once within the first five years of the mortgage
Eligibility:
- Borrower must make at least 6 monthly payments at the start rate
- Borrower must be current on their mortgage at time of request
- Property is still primary residence at time of modification, verification will be required
- Borrower must contact LUSO Federal Credit Union’s loan servicing department to start the process
- Property is a single-family owner-occupied dwelling or owner-occupied warrantable condo
*The rate is based on Freddie Mac’s Primary Market Mortgage Survey (PMMS), a weekly survey of lender data by Freddie Mac to find the rate of fixed mortgage loans submitted to Freddie Mac by banks, credit unions and mortgage companies. Freddie Mac looks at rates for conventional, single-family originations with conforming loan limits set by FHFA and are an average of loan rates offered each week. All loans will be underwritten according to agency standards. Maximum loan amount is $800,000. Maximum financing is 95% LTV (mortgage insurance required over 80% LTV). Minimum FICO is 620 (Middle score of lowest borrower on a tri-merged FICO mortgage lending report).
TRIM: The Rate Improver Mortgage
As of 8/22/2025
| Points | Term | Interest Rate | APR | Payments per $1,000 |
|---|---|---|---|---|
| 0 Points | 30-Year Fixed Rate | 6.250% | 6.344% | $6.16 |
| 0 Points | Jumbo/Non-Conforming 30-Year Fixed Rate | 6.750% | 6.768% | $6.49 |