• Getting Pre-Qualified

    • Getting pre-qualified for a mortgage allows you to shop for a new home with confidence. It can help you narrow your home search to only those that fit your loan amount need. And it demonstrates to sellers and Realtors® that you are serious about purchasing a home.

    • Get prequalified

      Use the affordability calculator to determine how much you should spend on a home. Or call PenFed and answer a few simple questions to see what your mortgage options are.

    • Do your research

      Get an idea of the kind of loan you might want. Consider:
      • Conventional fixed-rate mortgage
      • Conventional adjustable-rate mortgage
      • VA fixed-rate mortgages, if you qualify
      • Jumbo mortgages, if applicable
    • Gather your paperwork

      Having your most up-to-date documents on hand will help the process go smoothly. Some of the documents you might need are:
      • Pay stubs
      • W-2 information
      • Tax returns (particularly if you are self-employed)
      • Bank statements
      • Information on other assets (retirement or mutual funds, stocks, etc.)
    • Call a PenFed associate

      Call 800-970-7766 to complete your pre-qualification today.
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