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15-Year Fixed Jumbo Mortgage Disclosure

1All rates and offers are in effect as of , offered for a limited time and subject to change without notice. To obtain any advertised rate, you may have to pay a one-time origination fee. Other restrictions may apply. Contact your PenFed Mortgage Representative for any applicable additional restrictions and details about your loan. Rates are based on evaluation of credit history, loan-to-value, and loan term, so your rate may differ. Rates subject to change at any time.

To receive any advertised product you must become a member of PenFed. Federally insured by the NCUA.

Investment properties not eligible for offers.

All Fixed Rate Mortgage Programs: The application of additional loan level pricing adjustments will be determined by various loan attributes to include but not limited to the loan-to-value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.

Jumbo Mortgages: For loan amounts above $ to $. For purchase and limited cash out refinance, the maximum loan-to-value (LTV) is 80% and the maximum combined loan-to-value (CLTV) is 80% for a one unit property. The LTV and CLTV limits may vary depending on the property type, loan program and occupancy.

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.

Additional reserve requirements may apply.

If you withdraw an application that was locked and reapply within 30 days, the new application is subject to worst case pricing.

All above disclosures apply to non-Veteran’s Administration (VA) loans. VA loans have different guidelines and eligibility requirements.

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

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