You Could Save Thousands of Dollars

    Call 1-800-556-8077 to learn more. Get Started

    Call 1-800-556-8077 to learn more.

    Before you choose a real estate agent – call PenFed first. We can offer you much more than just a mortgage.

    When you use our network of real estate agents and preferred title providers to buy your home using certain types of mortgages, you could save up to $10,0001 in closing costs or thousands of dollars on origination fees.


    When you use Real Estate Rewards for an eligible adjustable rate mortgage, PenFed pays many closing costs up to $10,0001 and waives the origination fee (if applicable). For eligible fixed-rate mortgages, you pay no origination fee2 – which could save you thousands.

    Real-Life Examples of Real Estate Rewards

    James in Maryland saved $10,061.75 in closing costs and origination fees with Real Estate Rewards.

    MONTH FUNDING January 2016

    MORTGAGE TYPE Adjustable-Rate

    LOAN AMOUNT $296,000.00

    TOTAL SAVINGS: $10,061.75
    Ernest in Texas saved $2,680.00 in origination fees with Real Estate Rewards.

    MONTH FUNDING January 2016

    MORTGAGE TYPE Fixed-Rate

    LOAN AMOUNT $268,000.00

    TOTAL SAVINGS: $2,680.00

    To be eligible for these promotions you must complete the Real Estate Rewards Contact form or contact us at 1-800-556-8077 to be assigned to a network real estate agent through our national referral network. You are not required to use the services of any PenFed affiliate, however discounts and credits may not apply.

    Get Started


    See which PenFed Products qualify for Real Estate Rewards.

    Key Terms

    Disclosure Information

    Promotions and interest rates subject to change without notice. Only purchase transactions are eligible for promotions.

    1Available when using a network real estate agent and our preferred title providers. For New York and Texas properties borrowers may use any title company to obtain the closing cost credit. Should this loan be paid off within 36 months, the member must repay PenFed a prorated amount of the total closing costs paid by PenFed except those paid to PenFed affiliated title companies. PenFed will pay your closing costs up to $10,000 including but not limited to: appraisal fee, tax service fee, CLO access fee, title fees, transfer tax fees, credit report fee, flood certification fee, recording fee, survey if required and work verification fee. This does not include: escrow, interest, homeowner’s insurance, lender’s title insurance, or owner’s title insurance, the cost for a structural engineering or similar report, should the appraiser request one, or points to buy a rate down or applied to a loan. Promotion available for the purchase of a primary residence or 2nd home only. Other restrictions may apply. See contract addendum for details.

    2 Purchase only with at least a 15% down payment. The application of additional loan level pricing adjustments will be determined by various loan attributes to include but not limited to the loan-to-value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing. Loan level pricing adjustment or points to buy a rate down are the responsibility of the borrower and not covered in promotions.

    Affiliated Business Arrangement Disclosure

    This is to give you notice that PenFed has a business relationship with PenFed Realty, LLC. PenFed Realty, LLC is wholly owned by PenFed and this referral may provide PenFed a financial or other benefit.

    Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for the purchase, sale, or refinance of the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.

    Provider/Settlement Service
    PenFed Realty, LLC/Real Estate Commission

    Charge/Range of Charges
    Charges may range from 1% to 6% of the sales price plus $295.