30 Year VA Fixed Rate Mortgages

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

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Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

30-Year VA Mortgage Rates

RATE POINTS APR

*

 

* Payment Example

The following payment example assumes a loan with points and that the purpose of the loan is to purchase a property, with 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 . The monthly payment schedule would be:

  •  payments of $ at an interest rate of
  • payments 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.

FEATURES & BENEFITS

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

• For home purchases or refinancing

• VA’s 2018 Loan Limits are the same as the Federal Housing Finance Agency’s limits - 2018 Loan Limits (Effective January 1, 2018). Learn More

• Offers not available on investment properties

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

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Applicant is responsible for VA funding fee.

VA Mortgages: The maximum loan amount for a VA loan is the VA County Loan Limits. Can exceed VA County Limits to finance the funding fee on purchases only. Amount of loan will also be determined on available entitlement.

Funds must be used to purchase or refinance a property that will be the primary residence. Refinances of existing VA-guaranteed for purposes of lower interest rate also allowed (is not required to be primary residence).

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: Origination fee, if any, appraisal fee, tax service fee, CLO access 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 cost 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 rates and offers are in effect as of , offered for a limited time and subject to change without notice. Restrictions apply to existing PenFed mortgage borrowers. 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.

All About the 30-Year VA Fixed Mortgage for Veterans

Posted February 2017
by PenFed Team

The VA Mortgage is designed specifically for veterans and members of the armed services. The loan is guaranteed by the Department of Veterans Affairs (VA) and requires a low or no down payment.

In order to qualify for a 30-Year VA Fixed Mortgage, you will need to get a Certificate of Eligibility from the government. Like all fixed loans, the VA Mortgage offers the benefit of stable monthly payments.

 

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