Mortgages that save you time and money
Fast
Preapprovals
Get preapproved in as little as 2 days2 and know exactly what
you can afford before house hunting.
Talk to Us
Get More than the Best Rate
Get a quick rate quote or let us match or beat another lender’s offer —
plus get up to $1,000 on an eligible mortgage.
Get a Rate Quote
First-Time Homebuyer?
Make homeownership possible with only 3% down payment and guidance from a
team that understands your unique needs.
Learn
More
Apply and
Close Online
Our streamlined application process makes it easy to apply online, review, and sign
documents remotely.
Apply Now
Your First Step to Homeownership Starts with BankFund
Before clicking on house listings or scheduling viewings, start
with our mortgage expert.
With personalized guidance and competitive options, we’ll help you
save time and money — and put you in a strong position to get the home you want.
Solutions for Every Stage of Your
Homeownership Journey
15/15 Adjustable-Rate Mortgage (ARM)
Our New 15/15 ARM3 offers a stable interest rate and predictable monthly payments.
Fixed and Adjustable-Rate Mortgages
We have a wide range of mortgage options at highly competitive rates and fast approvals.2
First Time Home Buyers Program
Solutions specially designed for members with limited cash for down payments.
Newcomers to the U.S.
Financing solutions for members with little or no credit history established in the United States.
1 Limited time offer, subject to change or cancellation without
notice. The mortgage reward of $1,000 is based on the member’s Global Rewards Optimum level
and will be applied as a lender credit at the time of the mortgage closing. If the mortgage
loan is rescinded, the mortgage reward will be forfeited. One $1,000 credit per mortgage loan.
Offer applies to new mortgages and external refinances. Excludes internal refinances, home
equity loans and lines of credit.
2 Based on a sample of Bank-Fund Staff
Federal Credit Union clients who met qualifying approval criteria and based on specific loan
requirements and appropriate documentation available at the time of
application.
3 This loan is a 30-year adjustable-rate mortgage. The
interest rate will remain fixed for the first 180 months. After the 15th year, the interest
rate is subject to one adjustment, which may significantly increase or decrease the rate based
on the terms of your loan. The adjusted rate will remain in effect for the remaining 180
months of the mortgage. All loan approvals are subject to standard underwriting procedures;
this is not a guaranteed offer of credit.
Lowering your mortgage rate by
even 0.5% can save you thousands of dollars
over the life of your
loan!
Get more than
a lower rate
Refinance your mortgage from another lender and
get up to $1000
in
mortgage rewards1
Global Rewards
Fixed and Adjustable-Rate Mortgages
Get a wide range
of mortgage
refinance options
Learn More
No Points Needed to get a Low Rate
Get a personalized rate
quote and lower your monthly
payments
Rate Quote
Benefits of
Refinancing
Lower Your
Monthly Payment
Secure lower interest rate and potentially reduce your payment and improve monthly
cash flow.
Change Your
Loan Term
Shorten your term to build equity faster and pay off your home sooner.
Shorter
loan terms also can help you reduce total interest paid.
Access Equity in Your Home
Turn equity into cash as part of your refinancing for home improvements, buying another home abroad, debt consolidation, or other major expenses.
Is now the right time to refinance?
A quick check-in with us can help you determine whether refinancing now could save you money.
Schedule an Appointment Get a Rate Quote Apply Now
1 Limited time offer, subject to change or cancellation without notice. The mortgage reward of $1,000 is based on the member’s Global Rewards Optimum level and will be applied as a lender credit at the time of the mortgage closing. If the mortgage loan is rescinded, the mortgage reward will be forfeited. One $1,000 credit per mortgage loan. Offer applies to new mortgages and external refinances. Excludes internal refinances, home equity loans and lines of credit.
Follow the 8 Steps below to a Fast and Easy Homebuying Experience
Meet with a BankFund Loan Officer
- Schedule an appointment online or visit any of our branches at your convenience.
- Our loan officers will review your credit score, savings, and income to help guide you through the preapproval process.
Gather Financial and Legal Documents
- Preapproval through BankFund is fast and easy1 – for a quick preapproval, have your recent paystubs, employment history, and two months of asset statements ready.
Establish Your Budget and Priorities
- Consider your total monthly housing cost (mortgage, insurance, taxes, and maintenance).
- Set clear boundaries for what’s affordable to prevent overextending your finances.
Hire a Real Estate Agent & Define Your Goals
- Choose an experienced agent in your desired area and price range or check with your loan officer for top-ranked agents.
- Discuss your goals, preferred neighborhoods, and home criteria so your agent can help identify listings, schedule showings, and negotiate offers.
Research Neighborhoods & Set Priorities
- Identify areas that align with your work, family, or lifestyle needs, and review amenities, schools, commute times, and safety - visit neighborhoods at different times of day and create a ranked list of must-haves and dealbreakers to guide your search.
Understand Local Market Conditions
- Review average home prices and trends in your target neighborhoods, look for how long homes stay on the market and whether prices are rising or stabilizing to recognize a fair price.
View Properties with Your Real Estate Agent
- Attend open houses and private tours to compare home listings.
- Take notes, photos, and videos to evaluate each home objectively, paying attention to design considerations (layout, lighting, noise levels, maintenance needs).
Making an Offer, Inspections, and Closing
- Base your offer on comparable sales and discuss key contingencies (inspection, financing, appraisal) with your agent.
- Hire a licensed home inspector, submit remaining loan documents for final approval, and review your closing disclosure for accuracy.
BankFund is here for you to make homeownership possible
with the
right tools and solutions
-
Flexible down payment options and
personalized guidance. -
Personalized rate quote in real-time.
-
Online application and remote closings.
-
Fast approvals and closings in as little
as 2 weeks.2