15-Year Mortgage Rates Deal of the Day: Cinfed Credit Union at 2.795% APR
It’s not always easy to locate mortgage rates that will keep monthly payments low over the course of a loan term. But, of course, aside from the actual price of the home, nothing is more important than locating affordable rates.
Luckily, members of Cinfed Credit Union don’t have to worry about whether they have access to great rates. The financial institution is currently offering a fixed 2.795% APR that will ensure payments remain low for years to come.
Mortgage Rates Terms and Conditions
Cinfed Credit Union is offering the advertised APR with a 2.625% mortgage rate and 1.00% points. Mortgage rates are offered under the assumption that the borrower will secure a loan amount of $100,000. The borrower is expected to assume an 80% maximum loan-to-value (LTV) with no cash-out. Mortgage rates increase for financing up to 85% LTV.
About Cinfed Credit Union
Cinfed Credit Union is a financial cooperative that began in 1934 when nine federal employees decided to organize Cincinnati Federation of Federal Employees Credit Union, Inc. for members of the Local #75 Federation of Federal Employees Union. Years later, the field of membership expanded considerably to include a long list of select employer groups.
Along with mortgage loans, Cinfed Credit Union offers deposit accounts, investments and online banking options. Branches are located in Florence, Covington and Ft. Wright in Kentucky, as well as Cincinnati, Ohio.
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.