Pentagon Federal Credit Union
Log In Accounts
Search
  • Routing # 256078446
  • Partners
  • Member Discounts
  • Wealth
  • Foundation
  • ATMs & Branches
  • About
  • Search
  • Checking & Savings
    • Checking
      • Free Checking
      • Access America Checking
      • All Checking Accounts
    • Savings
      • Premium Online Savings
      • Regular Savings
      • All Savings Accounts
    • Certificates
      • Money Market Certificate
      • Coverdell Education Certificate
      • All Certificates
    • IRAs
      • IRA Certificate
      • IRA Savings Account
      • All IRAs
    • How Can We Help?
      • Contact Us
      • FAQs
      • Forms
    • Special
      • Access America Checking - Earn more and Get paid early.
  • Credit Cards
    • Our Cards
      • Credit Cards Overview
    • How Can We Help?
      • Contact Us
      • Disclosures
      • Resource Center
    • Special
      • Choose the perfect card - Open Now
  • Auto
    • Auto Loans
      • Purchase
      • Refinance
      • Car Buying Service
    • Protection
      • Vehicle Protection
      • GAP Coverage
      • Debt Protection
    • How Can We Help?
      • Contact Us
      • FAQs
      • Forms
    • Special
      • Unlock your next road trip - Explore Vehicles
  • Mortgage & Home Equity
    • Home
      • Mortgage Home
    • Purchase
      • Apply for a Mortgage
      • PenFed Homes
      • First Time Homebuyer
      • Mortgage Pre-approval
    • HELOC & Refi
      • HELOC
      • Mortgage Refi
    • Loan Types
      • Conventional Loan
      • FHA Loan
      • VA Loan
      • Jumbo Loan
      • VA Refi Loan
    • Tools & Resources
      • Knowledge Center
      • Mortgage Media
      • Mortgage Calculators
      • Contact
    • Special
      • Home affordability sale - View Rates
  • Loans
    • Personal Loans
      • Overview
      • Debt Consolidation
      • Credit Card Consolidation
      • Home Improvement
      • Additional Uses
    • Student Loans
      • Student Loans
    • How Can We Help?
      • Contact Us
      • FAQs
      • Forms
    • Special
      • Personal Loans made easy online
  • Learn
    • Learning Hub
      • Learning Center
      • Mortgage Knowledge Center
      • Financial Assistance Center
      • Natural Disaster Relief Assistance
    • About PenFed
      • About
      • New Members
      • Sponsors
      • FAQs
      • Forms
    • Security & Fraud
      • Security Center
    • How Can We Help?
      • Careers
      • Contact Us
    • Special
      • Learn how we protect your data
  • Join Now
  • Log In
  • Accounts
  • Resources
  1. Home
  2. Mortgage
  3. Conventional
smiling couple sitting on the floor

Conventional Loan, unconventional benefits

More than a home loan. A lot more.

Checkmark Icon

3% down payment available1

Checkmark Icon

Loans up to $806,5002

Checkmark Icon

Rates as low as % (% APR)3

Get My Rates

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

Speak with a home loan expert
+1-800-970-7766
conv what

Choose a Conventional Loan that fits your needs

PenFed’s Conventional Loans feature flexible fixed-rate and adjustable-rate options. You receive a great interest rate along with money-saving benefits before, while, and long after you buy. Plus, you may only need a 3% down payment1 if you qualify.

Types of Conventional Loans

What is a Conventional Fixed-Rate Mortgage?

A fixed-rate mortgage has a rate that is locked in for the life (or term) of the loan. The interest rate will not change.

What is a Conventional Adjustable-Rate Mortgage?

An Adjustable-Rate Mortgage (ARM) has an introductory period with a lower interest rate that will adjust up or down with the market once the introductory period is up. Depending upon current interest rates – an ARM’s rate can be lower than a fixed-rate mortgage. That’s especially true for a Jumbo or Super Jumbo mortgage.

Mortgage Knowledge Center

What is a Conforming Loan?
What is a Conventional Loan?

conv how

How Do I Get a Conventional Loan?

You'll need the following to qualify for a conventional loan for all borrowers:

  • Satisfactory credit score (typically 650 or higher)
  • Proof of income - typically 1 - 2 months of paystubs
  • At least 1 year of W2s

Possible additional financial verification like:

  • Self-employment income
  • Current debts information (auto, alimony, credit card, etc.)
  • Acceptable debt-to-income ratio (DTI)

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

Mortgage Payment Calculator

Estimate your mortgage payment, based on your home’s purchase price, down payment, rate, and term.

The calculator above is for educational purposes only. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Free eBooks Download

free ebook download from curious to closing

EBOOKS

 Buying a Home

 Selling Your Home

 Refinancing Your Home

 FHA Loans 101

 VA Loans – Everything You Need to Know

 Home Equity Line of Credit (HELOC)

Free eBooks
free ebook download from curious to closing

EBOOKS

 Buying a Home

 Selling Your Home

 Refinancing Your Home

 FHA Loans 101

 VA Loans – Everything You Need to Know

 Home Equity Line of Credit (HELOC)

Free eBooks

Mortgage Knowledge Center

Home Buying Process Steps

How Much House Can You Afford? And How Do You Figure It Out?

couple unpacking and looking out window of home

10 Tips for First-Time Homebuyers

See All Articles

PenFed Mortgage Products

VA Loans
Refinancing
Jumbo Loans
HELOC
ARM Loans

Disclosures

1Member must meet HomeReady or first-time homebuyer (FTHB) program eligibility requirements. Talk to a PenFed Mortgage Loan Officer for additional details.

2Conforming Mortgages: For loan amounts from $50,000 to $806,500. Loan amounts up to $1,209,750 are available in Alaska and Hawaii. For purchase and limited cash out refinance, the maximum loan-to value (LTV) and combined loan- to-value (CLTV) for a one unit property is 95% except for First-Time Homebuyer and HomeReady programs which permit 97% financing. Loan amounts up to $806,500 are available in Puerto Rico and the maximum LTV and CLTV is 95%. Loans with a LTV of 80% or greater are subject to private mortgage insurance (PMI). PMI is applicable to conventional and not VA. The LTV and CLTV limits may vary depending on the property type, loan limit, loan program and occupancy.

3Except 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 discount point, which equals 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.



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.

Points are the responsibility of the borrower and not covered in promotions.

To receive any advertised product you must become a member of PenFed.

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

  • ATMs & Branches
  • Careers
  • Foundation
  • Contact Us
  • Security Center

This credit union is federally insured by the National Credit Union Administration. Rates are current as of May 2025 unless otherwise noted and are subject to change.

APY = Annual Percentage Yield
APR = Annual Percentage Rate


  • facebook
  • twitter
  • linkedin
  • youtube
  • instagram
Download the PenFed app on Apple Store Download the PenFed app on Google Play
Read More about Equal Housing
Routing #256078446

©2025 Pentagon Federal Credit Union

Privacy
Disclosures
Fees
Rates
Forms
Site Map

Head’s Up!

You are about to visit a third-party site not affiliated with PenFed.org.

penfedcu.sparrowfi.com sparrowfi.com penfed and traveller logo penfed and seguros logo penfed and national car logo penfed and trustage logo PenFed and CampusDoor logo PenFed and Ascent logo PenFed and Ascent logo penfed and househappy logo penfed and benefit services logo penfed and chubb logo penfed and alpha logo penfed and crutchfield logo penfed and ftd logo

This content is from a third-party website. PenFed Credit Union is not responsible for its information.

Continue

Get Started

×

LOGIN

JOIN