Mortgage Rates Deal of the Day: Bank Fund Staff Credit Union at 3.86% APR

Now is a fantastic time to take advantage of the great?mortgage rates?being offered by financial institutions around the country.?Bank Fund Staff Credit Union?is providing members with its own impressive mortgage rate.

Currently, the financial institution is offering mortgage rates as low as 3.86% APR for its 30-year loan term. This is undoubtedly a fantastic deal for any prospective homebuyer.

Mortgage Rate Terms and Conditions

In order to take advantage of the advertised APR (and 3.625% mortgage rate) from Bank Fund Staff Credit Union, members must use the loan acquired to purchase a property with a loan amount of $100,000 and an estimated property value of $133,334. The property is located in DC and is within District of Columbia county. And escrow (impound) account is required. The rate lock period is 45 days and the borrower is expected to have a credit score of at least 740.

About Bank Fund Staff Credit Union

Bank Fund Staff Credit Union was chartered in 1947 as a place for employees of the World Bank Group and International Monetary Fund to save money and obtain credit. Since opening its doors, the credit union has become a full-service financial cooperative that grew from just 96 members and $3,000 in assets to over $70,000 members and over $3.3 billion in assets.

As of year-end 2011, Bank Fund Staff Credit Union was the 33 largest credit union in the United States. Branches of the credit union are located in the Washington, DC area.

Other Terms and Conditions may apply. Additionally, interest rates are based on the institution?s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

Source: http://www.gobankingrates.com/mortgage-rates/bank-fund-staff-credit-union-3-86-apr/

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