Real Estate Rewards
  • Please see the Affiliated Business Arrangement Disclosure and important program details below.


    Looking to Move? 

    Save up to $2,000 or more!


    When you use one of our network real estate agents through the program, you can save up to $2,000 or more at closing when buying or selling a home nationwide.

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    Save big using PenFed’s Real Estate Rewards program when buying or selling your first or second owner-occupied home. Using our Real Estate Rewards program you get:


    • 0.5% closing cost credit of the sale price of your home.
    • A certified local Realtor® to assist you with all of your real estate needs.
    • A Real Estate Rewards program concierge to manage the entire process.


    PenFed members who register for the PenFed Real Estate Rewards program may be eligible to receive a closing cost credit from Prudential PenFed Realty equal to one-half of one percent (1/2%) of the sales price if their transaction is closed with a PenFed Realty referred agent. Restrictions, (i) To be eligible you must register for the Real Estate Rewards program prior to agent contact; (ii) PenFed membership is required to receive the discount; (iii) closing cost credit will be reduced to $250.00 in cases where the PenFed member’s brokerage commission is 2.5% or lower; (iv) closing cost credit not available in those jurisdictions that do not allow closing cost credits; (v) closing cost credit is subject to your lender’s approval; and (vi) new home closing cost credits will be based on base model pricing and will not include upgrades. Offer differs in states where rebates are prohibited by law. If you are currently working under agreement with another Realtor®, please disregard this communication as it is not nor is it meant to be a solicitation for your business. PenFed membership is not required to conduct business with a referred agent or broker. You are not required to use the services of any PenFed affiliate however discounts and credits may not apply. © 2014, BRER Affiliates LLC. An independently owned and operated broker member of BRER Affiliates LLC. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation with Prudential.  
    Save up to $4,733 or more1 in Real Estate Closing Costs and Mortgage Origination Fees!


    Utilize one of our network real estate agents and get a mortgage through a PenFed loan officer and put at least 15% down, and you could join our members who have saved an average of $4,733 by paying no real estate closing costs¹ or mortgage origination fees on their home purchase!
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    1 $4,733 is the average closing cost savings realized by PenFed Real Estate Rewards customers January-February 2014. 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 cert fee, recording fee, survey if required and work verification fee. This does not include: escrow interest, homeowner's insurance or owner's title insurance, or 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.


    • Borrower is responsible for repaying closing costs if loan is paid off within 3 years.
    • PenFed preferred title services required.
    • Program only applies to 30 year fixed and 5/5 ARM loan product.


    Rate and offer information current as of March 26, 2014. Promotions and interest rates subject to change without notice. Refinances of existing PenFed loans and investment properties ineligible for promotions. MI required when LTV exceeds 80%. Purchase only with a least 15% down - 20% down above $625,500. The application of points will be determined by the loan-to-value (LTV) ratio combined with certain representative credit scores. Points are the responsibility of the borrower and not covered in promotions. Points also apply to certain cash out refinance transactions, certain condominium transactions and some subordinate financing transactions. 


    Real Estate Rewards 





    This is to give you notice that PenFed has a business relationship with PenFed Realty, LLC. PenFed Realty 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/Real Estate Commission   


    Charge/Range of Charges

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