30 Year Fixed Rate Conforming

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OUR GREAT RATES

Rates As Low As1 Points APR As Low As1
*

 

* Payment Example

The following payment example assumes a loan with points, a loan amount of $ and an estimated property value of . The property is located in Alexandria, VA and is within Fairfax county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 60 days and the assumed credit score is .

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

  •  payments of $ at an interest rate of
  • 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.

Mortgage Features & Benefits

  • Predictable payments
  • Free 60 day rate lock
  • Eligible for PenFed Real Estate Rewards

• For home purchases or refinancing

• Loan amounts up to $

• Offers available on primary and secondary homes

• Now offering 97% financing for First-Time Homebuyers and Home Ready programs on Conforming Fixed Rate Product.

 

Disclosures Print IconPrint

1Rates 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 obtain any advertised rate, you may have to pay a one-time origination fee.

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.

Conforming Mortgages: For loan amounts from $25,000 to $. Loan amounts up to $ are available in Alaska, Guam 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 Home Ready programs which permit 97% financing. Loan amounts up to $ 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). The LTV and CLTV limits may vary depending on the property type, loan program and occupancy.

For purchase applications, please submit a copy of your fully signed ratified purchase agreement to  lockrate@penfed.org  in a timely manner to ensure PenFed can meet your closing date.

The applicant is responsible for the following fees and costs at the time of closing: Appraisal fee, tax service fee, application fee or CLO access fee, if applicable, 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.

Escrows may be waived if LTV is 80% or less in all states.

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.

All rates and offers are in effect as of , offered for a limited time and subject to change without notice. Other restrictions may apply. Contact your PenFed Mortgage Representative for any applicable additional restrictions and details about your loan. To receive any advertised product you must become a member of PenFed by opening a share (savings) account. Federally insured by the NCUA.

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

 

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Estimate Monthy Mortgage Payments

Mortgage Payment Calculator

$
$
Down payments less than 20% of property value may require Private Mortgage Insurance (PMI).
*PenFed Adjustable Rate Mortgages (ARMs) are calculated using 30 year Loan Terms
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$1538.00

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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.

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