Penfed Mortgage Center

VA Mortgage Loans

Great Rates to Buy or Refinance Your Home.

Moving into your dream home is easier with a PenFed 15 or 30-year VA Mortgage Loan.

VA Mortgage Loans are a type of mortgage backed by the U.S. Department of Veterans Affairs and are available to qualified veterans. If you’re actively serving in the military, are a qualified veteran, or the spouse of a veteran, you qualify. Check complete eligibility requirements here.

Pre-qualify Today

Start the process by getting a better look at your options by completing the pre-qualification form.

 

Ready, Set, Go!

Already know what you need?
Start your VA mortgage loan application now.

 

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

VA MORTGAGE LOAN
VS.
CONVENTIONAL FIXED LOANS
VA Mortgage Loans Conventional Fixed Loans
Military Required*
Yes
No
Ability to Streamline Refinance
Yes
Yes
No Private Mortgage Insurance (PMI)
Yes
No
Primary Residence
Yes
No
Down Payment $0 down** 3%
Mortgage Terms 15 & 30 year 10, 15, 20 & 30 year
Real Estate Rewards
Yes
Yes
 

PenFed VA Mortgage Options

30-year
FIXED VA MORTGAGE RATE


RATE

APR

EST. MONTHLY PAYMENT

$

($ loan amount)

 

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

15-year
FIXED VA MORTGAGE RATE


RATE

APR

EST. MONTHLY PAYMENT

$

($ loan amount)

 

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

ESTIMATE YOUR VA MORTGAGE COSTS

When you're buying a home, mortgage lenders don't look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use our home affordability calculator to determine how much of a mortgage you may be able to obtain.

$
$
$
---
---

RATIO SLIDER
Less
Aggressive
More
Aggressive

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.

Once you know how much you can afford to spend on a home, you can use this tool to see how different loan types can change your monthly payment. Different loans offer different features, such as a lower monthly payment or a faster payoff time. See how a typical mortgage payment breaks down, and get the loan that fits your needs best. 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.

$
$
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
---
$1538.00

For Closing Cost Calculator Please Click Here

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.

$
Loan to Values (LTV) of 80% and above may require Private Mortgage Insurance (PMI).
*PenFed Adjustable Rate Mortgages (ARMs) are calculated using 30 year Loan Terms
---
$1538.00

For Closing Cost Calculator Please Click Here

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.

Additional Information & Resources