FHA Loan benefits are just the beginning
Now available in Puerto Rico!
3.5% down payment option
More flexible credit guidelines
Rates as low as % (APR
%)1
Get more from your home loan
Call now to get started: 800-970-7766. Or, complete this form and we’ll call you!
Home loan benefits
PenFed’s FHA Loans require just a 3.5% down payment and have less stringent credit guidelines. Plus, you receive money-saving benefits.
Before you buy and during your purchase
Get an edge over the other buyers with a full up-front loan approval2
Lock in your rate for up to 60 days3 while you shop
After you buy or refinance
Save with a wide range of complimentary homeowner services
Save even more with discounted homeowner insurance, warranties, and security
Disclosure
1Except for holidays, rates are updated Monday through Friday at 10:15am EST. The advertised rates and points are subject to change. The information provided is based on 1.25 discount point, which equals 1.25 percent of the loan amount, and assumes the purpose of the loan is to purchase a property with a 30-year, conforming, fixed-rate loan. Loan amount of $400,000; loan-to-value ratio of 75%; credit score of 760; and DTI of 18% or less. The property is an existing single-family home and will be used as a primary residence. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment, and our internal credit criteria. Other rates, points, and terms may be available. All loans are subject to credit and property approval.
Rates quoted require a loan origination fee of 1%; not to exceed $1995. Speak to a PenFed Mortgage Loan Officer for additional details.
Maximum loan amounts are subject to FHA loan limits and dependent on the number of units.
Points are the responsibility of the borrower and not covered in promotions.
The applicant is responsible for the following fees and costs at the time of closing: appraisal fee, tax service fee, title fees, transfer tax fees, credit report fee, flood cert fee, recording fee, survey if required and work verification fee, escrow reserves and interest due until first payment. Other costs may be included due to program specific circumstances. This is not intended to be an all-inclusive list.
2Power Buyer Certification is contingent on a full underwriting review and approval of loan documentation and other creditworthiness conditions. Offering is subject to change at any time, some loan programs may be excluded. Talk to a PenFed Mortgage Loan Officer for additional details.
3Power Buyer Lock While You Shop is applicable to first mortgage pre-approval home purchases that have received approve/eligible finding. Not applicable on HELOC or refinance transactions. To ensure timely closing within the rate lock period, the borrower must provide an executed sales contract and full property address to PenFed within the initial 30 days of the lock period. Extending a rate lock is subject to applicable rate extension fees to be paid at closing. Offering is subject to change at any time, some loan programs may be excluded. Talk to a PenFed Mortgage Loan Officer for additional details.
To receive any advertised product, you must become a member of PenFed.
