Reserve fund

Reserve fund

Reserve fund is an amount of money set aside to cover unexpected circumstances. A homeowners association, for example, might have a reserve fund that's used to pay for periodic repairs. Financial advisors recommend that households maintain a reserve fund that's equivalent to three to six months of living expenses. Reserve funds can also be called emergency funds.

Compare Rates

National Rates

Loan Type Today
30 Year Fixed   6.10
15 Year Fixed   5.73
5/1 Adjustable   5.75

Get Your Rates »

Rates may contain points

Browse Mortgage Rates