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ARM Loans - What to Expect, Step by Step

What You’ll Learn:Learn about the ins and out of ARM loans.

Topic Discussed:Purchase, Adjustable Rate Mortgage, First Time Home Buyer, Getting Started

Expected Read Time:6 MINS

Published: Sep 23, 2022

Is the loan process different for an adjustable-rate loan? See how an ARM can become yours in 5 easy steps.
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Rates Are Rising - Why an ARM Is Still a Good Idea

What You’ll Learn:See how an adjustable-rate mortgage can save you money, especially during?

Topic Discussed:Adjustable Rate Mortgage, Homebuying 101, First Time Home Buyer, Getting Started

Expected Read Time:4 MINS

Published: Aug 25, 2022

See how an adjustable-rate mortgage can save you money, especially during a rising rate environment.
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Adjustable Rate Mortgages - Everything You Need to Know

What You’ll Learn:Thinking about an ARM loan? Find out everything you need to know?

Topic Discussed:Adjustable Rate Mortgage, Homebuying 101, First Time Home Buyer, Getting Started

Expected Read Time:5 MINS

Published: Aug 25, 2022

Thinking about an ARM loan? Find out everything you need to know to decide if a variable rate mortgage is right for you.
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Should You Get a Jumbo ARM?

What You’ll Learn:Whether a jumbo loan is a good option in a rising rate environment.

Topic Discussed:Purchase, Adjustable Rate Mortgage, Homebuying 101, Getting Started

Expected Read Time:9 MINS

Published: Jul 28, 2022

When interest rates are rising, is a jumbo ARM mortgage a good option? Discover the pros and cons of variable rate home loans and decide for yourself.
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Is a Jumbo Loan Right For You?

What You’ll Learn:The advantages and disadvantages of jumbo ARMS.

Topic Discussed:Purchase, Adjustable Rate Mortgage, Homebuying 101, Getting Started

Expected Read Time:9 MINS

Published: Jul 28, 2022

Jumbo ARM loans have several advantages and drawbacks. In this article, we go over what they are so you can decide if this type of home loan is right for you.
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Pros and Cons of Jumbo Loans

What You’ll Learn:The advantages and challenges of a jumbo home loan.

Topic Discussed:Purchase, Adjustable Rate Mortgage, Homebuying 101, Getting Started

Expected Read Time:9 MINS

Published: Jul 28, 2022

Jumbo loans are a great option for higher-priced properties and luxury homes, but there are pros and cons to this type of mortgage. Discover what they are.
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I'm Not a Member, Can I Get a Mortgage

What You’ll Learn:Even if you're not a member, it's easy to join and apply for a home loan.

Topic Discussed:Purchase, Refinance, Adjustable Rate Mortgage, Getting Started

Expected Read Time:9 MINS

Published: Jul 28, 2022

It's easy joining a credit union. Then you can apply for a mortgage. Members enjoy many benefits. Discover great deals on credit union home loans.
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Can I Afford a Jumbo Loan?

What You’ll Learn:Whether a jumbo home loan would fit into your budget.

Topic Discussed:Purchase, Adjustable Rate Mortgage, Homebuying 101, Finding a Home

Expected Read Time:9 MINS

Published: Jul 28, 2022

Discover what it takes to get a jumbo loan and whether or not it fits into your budget. A jumbo mortgage could be the best choice in today's market.
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Why a Credit Union is Great for Mortgages

What You’ll Learn:Why when shopping for a mortgage you should consider joining a credit union.

Topic Discussed:Purchase, Refinance, Adjustable Rate Mortgage, Getting Started

Expected Read Time:9 MINS

Published: Jul 21, 2022

Shopping for a home loan is a big deal, and to make sure you get the best rates and lowest fees, make sure to check out credit unions. It's worth joining.
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Benefits of Jumbo ARMs

What You’ll Learn:How a jumbo ARM can give you more buying power.

Topic Discussed:Purchase, Adjustable Rate Mortgage, Homebuying 101, Getting Started

Expected Read Time:9 MINS

Published: Jul 21, 2022

If you're dreaming about buying a larger luxury home but don't know if you can qualify ? consider a jumbo ARM. These mortgages offer lower rates. Read on.
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ARM LOANS

Rates starting at % (APR %)¹

 

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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

Home Buying Steps

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PenFed HELOC

Rates as Low as % APR with flexible use of funds

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

Disclosures

1Rates are updated daily at 10:15am EST. The advertised rates and points are subject to change. The information provided is based on discount point, which equals percent of the loan amount, and assumes the purpose of the loan is to purchase a property with a 30-year, conforming, adjustable rate mortgage(ARM) loan. Loan amount of $400,000; loan-to-value ratio of 75%; credit score of 760; and DTI of 18% or less. The property is an existing single-family home and will be used as a primary residence. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment, and our internal credit criteria. Other rates, points, and terms may be available. All loans are subject to credit and property approval.

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