Pentagon Federal Credit Union has been long known for their great rates and low fees. Unlike some of the low rates you will find on places like bankrate.com they do not have a bunch of junk fees or bait and switch terms. Here are some of the fees you do not have to pay which you would with most lenders:

• Processing Fee
• Underwriting Fee
• Application Fee
• Credit Report Fee
• Appraisal fee
• Tax Service Fee
• Flood Certification Fee
• Closing Fee

Rates on 30 Year Fixed Conventional and JUMBO Mortgage

As of today (February 23, 2007) the rate is 6.00% for either a conventional (up to $417,000) or Jumbo (up to $1,000,000) mortgage. This is especially hot for JUMBO as the rate is usually 1/2% higher or so than a conventional at most banks.

PENFED RATES

How To Join Penfed

The easiest way to join is if you are active or retired military. However don’t despair if you are not, you can also join if you are a member of an eligible organization

• National Military Family Association (NMFA) is $20 a year for membership and allows you to join PenFed. Its the most universal way to gain membership. http://www.nmfa.org

• Society of American Military Engineers (SAME) is free to full-time undergraduate students and allows you to join PenFed. So if you are in college you may wish to take advantage of this opportunity now. http://www.same.org

Once you are a member of PenFed you do NOT have to keep renewing you membership at these organizations – you are now a member as long as you have your savings account with $5 in it open.

For more information visit PenFed.org

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