Welcome AFBA Members

We are pleased to partner with the Armed Forces Benefit Association (AFBA) and offer their members our best-in-class auto loans and great mortgage rates. This relationship is a natural fit since our organizations share a military legacy and specialize in serving members of the armed forces, first responders, federal employees, and their families.

Become a Member

Applying is easy and no military service is required.

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PenFed is made up of 1.3 million hard working Americans just like you. There are dozens of ways to qualify for membership, with benefits that include:

  • Low rates on mortgages and auto loans
  • Award-winning credit cards
  • Superior customer service
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Rates as low as:


Finance up to 110%. Other terms available.

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PenFed Mortgage products are available to all PenFed members and are not affinity specific nor endorsed.

Find the Perfect Home

Want the long-term predictability and the peace of mind of an unchanging rate over the life of your mortgage loan? Consider a PenFed Credit Union Fixed Rate Mortgage. A fixed rate mortgage from PenFed offers a competitive rate, long-term stable payments, loan amounts up to $417,000 and is available for purchases or refinances of first or second homes.

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1Rates and offer current as of May 1, 2017 and are subject to change. APR = Annual Percentage Rate. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Not all applicants will qualify for the lowest rate. In order to refinance an existing PenFed auto loan, the current rate must be equal to or greater than the rate on your existing PenFed auto loan. Rate depends on term. Other restrictions including vehicle age and mileage may apply. Weight restrictions apply. Financing up to $100,000. New Vehicle Loans: New vehicles are where you are the original owner and the vehicle is a current (2017) or prior model year (2016). Up to 110% financing is available. Rates as low as 1.49% APR apply to new vehicle loan amounts financed for 12-36 months. New Car Loan example: $20,000 loan with rate at 1.49% APR, 36 monthly payments of approximately $710.51. Used Vehicle Loans: Maximum used car loan advance will be determined by PenFed using a NADA value. Up to 110% financing is available to qualified members. Rates as low as 1.99% APR apply to used vehicle loan amounts for 12-36 months. Used Car Loan example: $20,000 loan with a rate at 1.99% APR, 36 monthly payments of approximately $572.76. Refinance Vehicle Loans: 100% financing available for refinanced vehicles. Rate as low as 1.49% APR apply to new vehicle refinance for 37-48 months. New Car Refinance Loan example: $20,000 loan with rate at 1.49% APR, 48 monthly payments of approximately $710.51.