30 Year VA Fixed Rate Mortgages – Refinance
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30 Year VA Fixed Rate Mortgages – Refinance

You’ve served us. Now, we want to help you get ahead with this secure, predictable mortgage.

Apply before becoming After your application we'll help you: 1. Discover how you're eligible to become a PenFed member 2. Open a Savings/Share Account and by depositing $5.


Rates As Low As1 Points APR As Low As1



* Payment Example

The following payment example assumes a refinance loan with points and that the purpose of the loan is to refinance a property, with a loan amount of $ and an estimated property value of $. Property located in Fairfax County, VA. The property is an existing single family home and will be used as a primary residence. The rate lock period is 90 days and the assumed credit score is .

At a interest rate, the APR for this loan type is . The monthly payment schedule would be:

  •  payments of $ at an interest rate of
  • 1 payment of $ at an interest rate of 

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.


  • Predictable payments
  • Low down payment

• Offers not available on investment properties

• Based on loan amount, higher rates may apply

Find answers about VA mortgage loans by visiting our VA Mortgage FAQ page

Disclosures Print Icon Print

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.

VA Mortgages: For loan amounts from $50,000 to $510,400. If loan amount is higher than $510,400 to $1,500,000, higher rates may apply. Veterans will have greater access when using their no-down payment home loan benefit. Veterans seeking to obtain what are commonly referred to as “jumbo” loans, or Veterans living in higher-cost markets, will no longer be subject to the Federally-established conforming loan limit maximums. After January 1, 2020, Veterans may obtain no-down payment VA-backed loans in all areas of the country, regardless of home prices. The amount of the loan will be determined on available entitlement and the location of the property. See www.benefits.va.gov.

Applicant is responsible for VA funding fee. Funds must be used to purchase or refinance a property that will be the primary residence. Refinances of an existing VA-guaranteed mortgage for the purpose of lowering the interest rate is also allowed (is not required to be primary residence).

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.

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

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

How to Apply for a Mortgage

Posted July 2017
by PenFed Team

Important Documents You'll Need 

You’ve done your research and identified how much can you afford to spend on a home with our affordability calculator. You’ve got an idea of the kind of loan you’d like to use. Now it’s time to gather your documents and get ready to apply.

You’ll need:

Proof of Income

  • List of your employers for the past 2 years
  • Pay stubs for the past 2-3 months
  • W-2 statements
  • Tax returns for the past 2 years
  • Self-employed individuals will need to provide additional documentation, prepared and signed by an accountant

Proof of Assets

  • Bank account statements from the past 3 months
  • Security accounts (stocks, bonds, life insurance)
  • List of all property owned

A Complete Accounting of Debts

  • Statements for existing loans, including car loans, student loans and lines of credit
  • Your current mortgage statement
  • Credit card accounts
  • 401K accounts

Proof of Insurance

  • Homeowner’s insurance
  • Title insurance

Personal Info & Background

  • Social security number
  • Prior 3 years residential addresses including dates
  • State identification card or your State Driver’s License

Documents for Special Circumstances

  • Disability or Social Security Income
  • Pension Income
  • Veteran’s Certificate of Eligibility





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