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1For eligible fixed rate, ARM, and VA loans PenFed offers a President’s Day promotion gift up to $1,000 to all members who submit a new first mortgage purchase application between February 15, 2020 and February 22, 2020, subject to qualification and approval. The gift will be given on the closing disclosure as a lender credit and applied towards costs due at closing. Preapproval requests and Refinance applications are not eligible for the promotion. The President’s Day promotion gift is $1,000 for VA Loans and $500 for non-VA Loans. The seller and/or other credits must be reduced if the maximum allowable interested party contributions limit per the loan product have been reached, please contact your PenFed Mortgage Loan Officer for more details. The President’s Day promotion gift is available for all funded mortgages in all states, including District of Columbia, Puerto Rico and Guam.

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