
Mortgage ARM Loans
PenFed Offers Adjustable-Rate Mortgages (ARMs) to Suit Your Needs
- No lender fees2
- Up to $2,500 in lender credits1
What is the Power Buyer Advantage?
- Compete with Cash buyers
- Sure Sale - When Selling
- Lock While You Shop
- Fast Access to Equity
Mortgage Knowledge Center
Additional Resources
PenFed Mortgage Products
1For eligible fixed rate, ARM, VA and FHA loans PenFed offers to all members who submit a completed home purchase mortgage application on or after March 1, 2020. Members can receive the lender credit upon closing with PenFed, subject to qualification and approval. For loans $0-$199,999 the lender credit will be: $500. For loans $200,000-$699,999 the lender credit will be: $1,000. For loans $700,000 and up the lender credit will be: $2,500. Pre-Approvals and refinance applications are not eligible for the lender credit. The seller and/or other credits must be reduced if the loan has reached the maximum allowable credit limit per the loan product. Please contact your PenFed Mortgage Loan Officer for more details. The lender credit is available for all funded purchase mortgages in all states, including District of Columbia, Puerto Rico and Guam.
2Other fees may apply, such as discount points to buy down your rate.