Where Am I in the Homebuying Process?

A pre-approval letter from your lender basically states that you have the financial ability to purchase a home at a specific price. For a pre-approval, you'll need to provide some financial data that can later be verified and validated.

That will likely include the following:

  • Income (all sources)
  • Assets
  • Employment Information
  • Satisfactory credit score
  • Additional information may be needed

House Key

Power Buyer Certification

Compete with cash buyers and be confident what you can spend on your new home. Take up to 60 days to shop.

Power Buyer Lock While You Shop

Protects you from rising interest rates, while you can float down your rate if interest rates drop.

Power Buyer Cash Buyer Financing

Lets cash buyers tap into their equity as soon as possible, while having all the advantages of a cash buyer - without tying up your cash.

Moving Into Your Dream Home is Easier With a PenFed Mortgage


Low Discounted Rates for Home Purchase


No Lender Fees 1

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Other fees may apply, such as discount points to buy down your rate.

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