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Selling Your Home

What You’ll Learn:Learn the ins and outs of selling a home.

Topic Discussed:Purchase, Homebuying 101, Selling Your Home, Home Ownership

Expected Read Time:20 MINS

Published: May 17, 2023

In this infographic, we've outlined and gone in-depth on each step of the selling process to maximize your selling price.
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Reasons When Refinancing to a Higher Rate can Make Sense

What You’ll Learn:Learn whether refinancing at a higher rate may be the right move for you

Topic Discussed:Refinance, Home equity, Homebuying 101, Getting Started

Expected Read Time:5 MINS

Published: May 12, 2023

Considering refinancing but worried about the higher rate? Here is a list of instances when refinancing at a higher rate may be beneficial
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When is a Cash-Out Refinance Better than a HELOC

What You’ll Learn:Learn about the perks of a cash-out refinance over a HELOC

Topic Discussed:Refinance, Home equity, Homebuying 101, Getting Started

Expected Read Time:5 MINS

Published: May 12, 2023

Considering a Cash-Out Refinance as opposed to a HELOC? Here you'll see how a Cash-Out Refinance may be the better choice for you.
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10 Benefits of Homeownership

What You’ll Learn:The importance of homeownership including building wealth and tax benefits

Topic Discussed:Purchase, Homebuying 101, PenFed Top 10, Getting Started

Expected Read Time:4 MINS

Published: Apr 19, 2023

Is homeownership right for you? Explore 10 of the top benefits of homeownership, from building equity to tax savings.
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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.
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10 Benefits of Homeownership

What You’ll Learn:The importance of homeownership including building wealth and tax benefits

Topic Discussed:Purchase, Homebuying 101, PenFed Top 10, Getting Started

Expected Read Time:4 MINS

Published: Apr 19, 2023

Is homeownership right for you? Explore 10 of the top benefits of homeownership, from building equity to tax savings.
LEARN MORE

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.
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Buying Your First Home with a VA Loan: Getting Started

What You’ll Learn:Three key steps to follow before moving forward with a VA Loan.

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

Expected Read Time:5 MINS

Published: Apr 07, 2023

Unsure where to begin as a first-time homebuyer in the military? Read our three-step guide to becoming VA loan-eligible.
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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.
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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.
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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

Home Buying Steps

Mortgage Topics

Mortgage Products

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.

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