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Mortgage with Confidence

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1-866-386-7254 OR
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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

PenFed HELOC

LOW RATES · FLEXIBLE CLOSING
TERMS
Start Online

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

HOME

What Is an HOA?

What You’ll Learn:Understanding the pros and cons of HOAs

Topic Discussed:Homebuying 101, Homebuying 101, Finding a Home

Expected Read Time:4 mins

Published: February 26,2021

Everything you need to know about HOAs. PenFed Credit Union walks through the pros and cons of being part of a Homeowners Association (HOA).

Earnest Money — Everything You Need to Know

What You’ll Learn:Understand what earnest money is and how it’s used

Topic Discussed:Homebuying 101, Homebuying 101, Closing on a Home

Expected Read Time:5 mins

Published: February 25,2021

Earnest money is often a part of homebuying. Get the answers to what is earnest money, what happens with earnest money, and can I get my earnest money back from PenFed Credit Union.

How Much Credit Card Debt Is OK When Buying a Home?

What You’ll Learn:How credit card debt and credit card utilization impacts buying a home

Topic Discussed:Homebuying 101, Homebuying 101, Getting Started

Expected Read Time:5 mins

Published: February 25,2021

How much credit card debt is OK to have when buying a home? PenFed Credit Union explains what you need to know about credit card debt and getting a mortgage.

How Much Home Can You Afford?

What You’ll Learn:Gain an understanding of what budget you're looking at for your home search

Topic Discussed:Homebuying 101, Homebuying 101, Getting Started

Expected Read Time:5 mins

Published: February 25,2021

Buying a home can be exciting, but are you dwelling about home- ownership costs and how much you can afford? PenFed provides a closer look at some home-buying budget basics.

How Much Mortgage Can I Afford?

What You’ll Learn:Understand the factors and costs that go into homeownership

Topic Discussed:VA Loans, VA Loans, Homebuying 101, Getting Started

Expected Read Time:3 mins

Published: February 25,2021

Get your home loan financing questions answered, including: Can I afford a mortgage? How much home can I afford? Can I afford to buy a home?

How Your Credit Score Affects Your Mortgage Rate

What You’ll Learn:How your credit score and credit report impact getting a mortgage

Topic Discussed:Homebuying 101, Homebuying 101, Getting Started

Expected Read Time:4 mins

Published: February 25,2021

How important is your credit score when getting a mortgage? PenFed Credit Union explains how your credit score can affect your mortgage rate.

Is a Home Inspection the Same as an Appraisal?

What You’ll Learn:Understand the importance of both an appraisal and a home inspection

Topic Discussed:Homebuying 101, Homebuying 101, Getting Started

Expected Read Time:5 mins

Published: February 25,2021

Many home shoppers ask: What is a home inspection? What is a home appraisal? They are not the same, but both are important. PenFed helps explain the difference.

Understanding Your Credit Score for a VA Loan

What You’ll Learn:How your credit score can affect the interest rate on your mortgage

Topic Discussed:VA Loans, VA Loans, Homebuying 101, Getting Started

Expected Read Time:4 mins

Published: February 25,2021

What are the credit scores needed for a VA loan? Can I get a VA loan with poor credit? Is a VA loan better if I have bad credit? PenFed has all the answers.

VA Loan Closing Costs: What to Expect

What You’ll Learn:Understand what might be expected at closing for a VA loan

Topic Discussed:VA Loans, VA Loans, Homebuying 101, Getting Started

Expected Read Time:3 mins

Published: February 25,2021

Learn all about VA closing costs. What are typical VA closing costs? Which fees do the buyer and seller pay for? Read on for basic guidelines.

VA Loan Eligibility: Step by Step

What You’ll Learn:What the steps are to VA loan eligibility

Topic Discussed:VA Loans, VA Loans, Homebuying 101, Getting Started

Expected Read Time:5 mins

Published: February 25,2021

Wondering how to get a VA loan? PenFed Credit Union provides the step-by-step ways to get a VA loan, from eligibility to moving into your new home.

Mortgage with Confidence

CALL TODAY AT
1-866-386-7254 OR
Start Online

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

PenFed HELOC

LOW RATES · FLEXIBLE CLOSING
TERMS
Start Online

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

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