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What Homebuyers Need to Know About Closing Costs

What You’ll Learn:Average percentage for closing costs, typical fees, and ways you can save money

Topic Discussed:Purchase, Homebuying 101, First Time Home Buyer, Getting Started

Expected Read Time:3 MINS

Published: Apr 19, 2023

Learn who pays mortgage closing costs, how to estimate homebuyer cost to close, what fees make up closing costs, and ways to save.

How to Get a VA Loan

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

Topic Discussed:Purchase, VA Loans, First Time Home Buyer, Getting Started

Expected Read Time:3 MINS

Published: Apr 07, 2023

To get a VA loan, you have to be eligible. Find out what the requirements are, how to get your Certificate of Eligibility (COE), and what fees come with a VA home loan.

What Insurance Do I Need For My Condo?

What You’ll Learn:Learn about what is and is not typically covered under condo insurance

Topic Discussed:Purchase, First Time Home Buyer, Homebuying 101, Getting Started

Expected Read Time:4 MINS

Published: Mar 23, 2023

Curious about condo insurance coverage? Here's some information to help you better understand standard policy coverages and limitations.

How to Prepare Your Family and Your Home from Natural Disasters

What You’ll Learn:Learn some of the steps to take in preparation for natural disasters

Topic Discussed:Purchase, First Time Home Buyer, Homebuying 101, Home Ownership

Expected Read Time:4 MINS

Published: Mar 23, 2023

Get guidance on emergency professionals' recommendations for preparing your family and home for natural disasters.

Tips for Finding Excellent Contractors, Electricians, and Plumbers

What You’ll Learn:Learn the key components every reputable contractor should have

Topic Discussed:Purchase, First Time Home Buyer, Homebuying 101, Home Ownership

Expected Read Time:4 MINS

Published: Mar 23, 2023

Not sure how to decide who to hire for your home renovation, electrical work or plumbing? Here are some tips to help you make a more informed decision.

Items that are (Probably) not Covered by Your Homeowner's Insurance Policy

What You’ll Learn:Learn about what is typically not covered under your homeowner's insurance polic

Topic Discussed:Purchase, First Time Home Buyer, Homebuying 101, Home Ownership

Expected Read Time:4 MINS

Published: Mar 23, 2023

Curious about you homeowner's insurance limitations? Here are some items that are probably not covered under your policy.

FHA Mortgage Benefits

What You’ll Learn:Learn the benefits of an FHA Loan.

Topic Discussed:Purchase, Homebuying 101, First Time Home Buyer, Home Ownership

Expected Read Time:2 MINS

Published: Nov 25, 2022

In the video, we've outlined just some of the main benefits of an FHA loan.

Getting Your Home Ready For Sale

What You’ll Learn:Learn about the steps you should take prior to listing your home for sale

Topic Discussed:Purchase, Homebuying 101, First Time Home Buyer, Finding a Home

Expected Read Time:5 MINS

Published: Nov 22, 2022

Looking to put your house on the market? Here are some tips to help you get the most out of your home's sale.

Top 10 Advantages of an FHA Loan

What You’ll Learn:

Topic Discussed:Purchase, FHA Loans, First Time Home Buyer, Getting Started

Expected Read Time:5 MINS

Published: Nov 22, 2022

FHA loans have lots of amazing benefits. From easier credit, down payment, and gift fund rules, to great interest. Read on to see the top 10.
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CONVENTIONAL LOANS

Rates starting at % (APR %)¹

 

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

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, fixed-rate 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.