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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

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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

HOME

Creating Your Home Buying Budget

What You’ll Learn:Understanding what is included in closing costs

Topic Discussed:First Time Homebuyer, VA Loans, Conventional loans, Getting Started

Expected Read Time:4 mins

Published: December 10,2020

How much should you budget when buying a home? PenFed Credit Union offers a list of the all the expenses and costs you may encounter as you complete closing your home.

How Does a VA Loan Work?

What You’ll Learn:The basic steps to getting your home with a VA loan

Topic Discussed:VA Loans, Homebuying 101, First Time Homebuyer, Getting Started

Expected Read Time:2 mins

Published: December 09,2020

How does a VA loan work from start to finish? PenFed Credit Union lays out the steps to successfully complete a VA loan from application to closing.

How to Get a VA Loan

What You’ll Learn:Steps involved in getting a VA loan

Topic Discussed:VA Loans, Homebuying 101, First Time Homebuyer, Getting Started

Expected Read Time:3 mins

Published: December 09,2020

What are the steps to getting a VA loan? PenFed Credit Union walks through the steps to explain VA loan eligibility and how to get a VA loan.

How Do I Know if I Qualify for a VA Loan?

What You’ll Learn:Eligibility and underwriting requirements to obtain a VA loan

Topic Discussed:VA Loans, Homebuying 101, First Time Homebuyer, Getting Started

Expected Read Time:3 mins

Published: December 09,2020

What’s involved in VA loan eligibility and qualifications? PenFed Credit Union explains how to qualify for a VA loan, get approved, and everything else to know.

What Are the Benefits of a VA Loan?

What You’ll Learn:The reasons why a VA loan may be right for you

Topic Discussed:VA Loans, Homebuying 101, First Time Homebuyer, Getting Started

Expected Read Time:2 mins

Published: December 09,2020

If you are looking to buy a home, a VA loan can be a great options. Some of the benefits of VA loans include no downpayment and no insurance.

What Are the Different Types of Mortgages?

What You’ll Learn:What the different types of mortgages are

Topic Discussed:First Time Homebuyer, Conventional loans, Purchase, Getting Started

Expected Read Time:5 mins

Published: December 02,2020

There are different types of mortgages for all financial situations. PenFed Credit Union provides details on different mortgages and which might be right for you.

What Are the Pros and Cons of VA Loans?

What You’ll Learn:If a VA loan is right for you after considering the pros and cons

Topic Discussed:VA Loans, Homebuying 101, First Time Homebuyer, Getting Started

Expected Read Time:3 mins

Published: November 30,2020

VA loans can be beneficial because of low interest rates, no mortgage insurance requirements, and little to no downpayment. PenFed helps you understand the pros and cons of VA loans.

What Is Mortgage Insurance?

What You’ll Learn:Understand what mortgage insurance is and why you may need it

Topic Discussed:Homebuying 101, First Time Homebuyer, Getting Started

Expected Read Time:3 mins

Published: November 27,2020

Understanding what mortgage insurance is and when you might need it is important. PenFed explains the different types of mortgage insurance to help you decide.

What are the Steps to Buying a Home? Part 1

What You’ll Learn:What is involved in each step in the homebuying process

Topic Discussed:Homebuying 101, First Time Homebuyer, Getting Started

Expected Read Time:4 mins

Published: November 24,2020

If you are a first-time homebuyer, there is a lot to think about. PenFed Credit Union takes you through the steps of what you need to know before buying a home.

What Is a Closing Disclosure?

What You’ll Learn:The purpose of a closing disclosure and what you can find within yours

Topic Discussed:First Time Homebuyer, Homebuying 101, Closing on a Home

Expected Read Time:2 mins

Published: November 24,2020

A closing disclosure is a document that details your total loan amount, interest rate, principal, and interest payments. PenFed explains what to look at and why your closing disclosure is important.

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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