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What would you like to do?

Lower my payment

I want to reduce my payment or term.

Take cash out

I want to access my home's equity.

Research my options

I want to learn more about refinancing.

Talk to an expert

I want to speak with a home loan expert.

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Choose the right refinance for you

PenFed offers a variety of flexible refinance options:

Rate-and-Term Refinance

Take advantage of lower rates by reducing your monthly payment, loan term, or both!

Cash-Out Refinance

Turn part of your home’s equity into cash for any purpose, such as home improvements or debt consolidation.

VA Streamline Refinance

Refinance your current VA Loan to reduce your rate, payment, and/or term. More

Estimate your monthly payment

Price of the Home

Loan Term

Interest Rate

Estimated Total Monthly Payment

$2,071

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.

Is now the right time to refinance?

Talk to a home loan expert about lowering your payment, getting cash out, and more!

Call 855-363-0173 to speak with a home loan expert.

Enjoy exceptional homeowner benefits

Take advantage of these money-saving benefits – and more!

While you refinance

save time and money with a great rate and more!

Expedited closing up to a week faster²

After you refinance

Save even more with these homeowner services!

Simplified repairs and renovations with Househappy®³

Learn more about refinancing your home

Refinancing your home

When it comes to refinancing, we wrote the book!

When it comes to refinancing, we wrote the book! Tab

Articles

Can You Refinance a VA Loan?

Rate-and-term and cash-out refinancing: What’s the difference?

When is the Best Time to Refinance Your Mortgage?

Is it a Good Idea to Refinance Your Mortgage?

Check out our other home loan links

Conventional Loan

FHA Loan

VA Loan

Jumbo Loan

VA Refi Loan

Disclosures

¹Except 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 1.0 discount point, which equals 1.0 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.

Some products quoted may require a loan origination fee.

²Borrower must provide eConsent, agree to participate in the Fast Pass program, and provide required documentation within 5 business days of application. Participation does not guarantee approval. Talk to a PenFed Mortgage Loan Officer for additional details.

³PenFed Credit Union does not represent, nor warrant, any services members purchase through the Househappy® platform of service providers. Any purchases members make through the Househappy® platform are the sole responsibility of the member. HouseHappy® service offerings in Puerto Rico and Guam are more limited and home care service providers are not available in these territories at this time. PenFed will not pay for, nor will it reimburse for, any services purchased through Househappy® and its service providers. Details on these Terms can be found here.

Househappy allows you to take care of all your home project needs with a simple phone call or click. Your home’s information is stored and always available to you through your Househappy account.

To receive the advertised product, you must become a member of PenFed Credit Union, which is federally insured by the NCUA.