Search

MORTGAGE KNOWLEDGE CENTER

PenFed Mortgage with Confidence

Home Buying Steps

Mortgage Topics

Mortgage Products

MORTGAGE

FHA Mortgage Benefits

What you'll learn: Learn the benefits of an FHA Loan.

EXPECTED READ TIME: 2 Minutes

November 25, 2022

For more information about PenFed Mortgages:
 

PenFed Mortgage: 

800-970-7766

Get Started

SIMILAR ARTICLES

Top 10 Advantages of FHA Loans

FHA loans have lots of amazing benefits. From easier credit, down payment, gift fund rules, to great interest, read on to see the top 10.
doorknob with keys

Benefits of an FHA Mortgage

FHA loan benefits include low down payments, great interest rates, easier credit rules, and financing for 1-4 units. Read on to see if an FHA is for you.
couple move into house

Tips on How to Get an FHA Loan

See our tips for getting an FHA loan, what to do if you have not established credit, do not have down payment money, or have property problems.
handing over keys

5 FHA Rules to Know Before Getting a Loan

Learn all about FHA loan rules, including FHA loan amount limits, residence requirements, insurance, and more.
handing over keys
image

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.

Dismiss
PenFed PenFed, Inc FREE - On Google Play