5/5 Equity Builder®

Our 5/5 Equity Builder Adjustable Rate Mortgage (ARM) has a free biweekly payment option that can save you money. You will be free of your loan payments years sooner than with a traditional 30-year mortgage.

Rates starting as low as 2.750% (3.175% APR1) 5/5 30-Year ARM
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Save on interest. Pay it off sooner. No points or closing costs.

Looking for a stable loan up to $2 million that lets you finance your dream home, build equity and pay your loan off faster, all while saving you tens of thousands on interest? Introducing our new 5/5 Equity Builder ARM (Adjustable Rate Mortgage)!

Refinance or purchase with our new 5/5 Equity Builder:

  • For a limited time: No points or closing costs – a value of $2,600 or more
  • Fixed rate for the first five years, that can only adjust up or down by 2% every five years, or 5% over the life of the loan
  • Better rate stability than a traditional 5/1 ARM

  1. Rate shown at 80% loan-to-value (LTV) and does not include any applicable closing costs or fees. Your rate may be different than what is shown. Please use the Rate Calculator on our application page to get a better estimate for your scenario.

Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. NMLS ID Number is 506373.

The Biweekly Payments Feature

There are a lot of reasons to finance your home with Patelco. Whether buying a new home or refinancing your existing one, we offer fixed and adjustable-rate mortgage loans.

Check out what you could save:

Sample rates and savings for a $500,000 home at an interest rate of 3.925% APR:

  Patelco 30-Year Fixed Mortgage3 Patelco 5/5 Equity Builder2
Life of Loan 30 years 26 years
(49 months sooner)
Total Interest Paid $203,918.06 $172,312.04
Interest Savings $31,606.02

Instead of 12 monthly payments per year, you make 26 (every 2 weeks), each equal to half of what your monthly mortgage payment would be. By reducing your principal amount more quickly, you can:

  • Save tens of thousands on interest that would otherwise accrue during the remaining years of your term
  • Build equity faster, so you can move on to your next home
  • Pay off your loan faster

Plus, unlike other lenders and brokers, Patelco does not charge a fee for biweekly payments, saving you even more money over the life of your loan.


  1. Rate shown at 80% loan-to-value (LTV) and does not include any applicable closing costs or fees. Your rate may be different than what is shown. Please use the Rate Calculator on our application page to get a better estimate for your scenario.
  2. All loans subject to credit approval. Loan availability subject to change without notice. 5/5 Equity Builder ARM available on California owner-occupied or second homes only. ACH or direct debit payments are required with biweekly payment option. Patelco will issue a credit at loan closing to cover non-recurring lender closing costs such as lender's title insurance and flood certification. In purchase transactions, borrower will pay purchaser's closing costs such as purchaser's title insurance. Offer may end at any time without notice.
  3. Annual Percentage Rate quoted is on Patelco's 30-Year Fixed Rate Mortgage with 1 point as of 3/8/2013 on a conforming loan secured by an owner-occupied primary California residence, a loan-to-value ratio of 80%, and applicable closing costs; subject to change daily.

Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. NMLS ID Number is 506373.