Refinance and Save Money on your Mortgage

With rates at historic lows, there are a lot of options when it comes to refinancing. Let us help you find the best fit for you.

CHECKING UP ON YOUR MORTGAGE

The mortgage market rises and falls due to a huge range of factors. Also, your financial situation is bound to change over time. Review your loan regularly to make sure you are getting the most from your mortgage.

5/5 ARM
 

Term INTEREST RATES
AS LOW AS
APR AS
LOW AS
EST. PAYMENT*
First 60 $
Next 300 $

*Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of October 31, 2019, for new applications only, for a limited time, and subject to change without notice. Example based on $200,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 6 percentage points every 15 years (8.750% for this example). Since the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

30-YEAR
Fixed Rate Loan

INTEREST RATES
AS LOW AS
APR AS
LOW AS
PRINCIPAL & INTEREST
$
 

Your rate, payment, and costs, could be higher. Get an official Loan Estimate before choosing a loan. The following rates are based on a credit score above 740. Payment examples for fixed rate loans on this page include estimated amounts for escrow items, such as property taxes and insurance.

We can help you find the right loan

REFINANCE PAYMENT CALCULATOR

$
---
$1538.00
Apply Now

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

The application of additional loan level pricing adjustments will be determined by various loan attributes such as Loan-To-Value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing. 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.