Mortgage Overview - All Rates
  • 15/15 ARM Conforming Loan

    15/15 Adjustable Rate Mortgage

    Adjusts only once for the life of the loan

    Months Rate Points APR Payment*
    First 180 3.000% 3.177% $421.60 
    Next 180 3.250%   3.177% $428.99 

    *Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of May 15, 2015, offered for a limited time and subject to change without notice. Example based on $100,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 6 percentage points every 15 years (9.000% for this example). Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

    Get Started 
    • Limited Time Special Offer! 
    • For Purchases & Refinances
    • Primary Residence & Second Homes (Investment properties are not eligible)
    • Loan amounts up to $417,000
    • 1% Origination Fee

    15/15 ARM Jumbo Loan

    15/15 Adjustable Rate Jumbo Mortgage

    Adjusts only once for the life of the loan

    Months Rate Points APR Payment*
    First 180 3.250% 3.339% $2,176.03 
    Next 180 3.250%   3.339% $2,176.03 

    *Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of May 15, 2015, offered for a limited time and subject to change without notice. Example based on $500,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 6 percentage points every 15 years (9.250% for this example). Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

    Get Started 

     

    • Limited Time Special Offer! 
    • For Purchases & Refinances
    • Primary Residence & Second Homes (Investment properties are not eligible)
    • Loan amounts from $417,000 up to $2 Million
    • 1% Origination Fee

    5/5 ARM Conforming Loan

    5/5 Adjustable Rate Mortgage

    Adjusts only once every 5 years

    Months Rate Points APR Payment*
    First 60 2.875% 3.292% $1,659.57 
    Next 300 3.500%    3.292% $1,776.26 

    *Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of May 13, 2015, offered for a limited time and subject to change without notice. Example based on $400,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 2 percentage points every 5 years with a lifetime maximum adjustment of 5% (7.875% for this example). Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

    Get Started 
    • For home purchases or refinancing up to $417,000
    • Offers not available on investment properties
    • NO ORIGINATION FEE!
    • See below for loan to value and combined loan to value limits for conforming, jumbo, super jumbo mortgages, and condos
    • Free 90-day rate lock**
    • See additional details below

    5/5 ARM Jumbo Loan

    5/5 Adjustable Rate Jumbo Mortgage

    Adjusts only once every 5 years

    Months Rate Points APR Payment*
    First 60 3.000% 3.334% $1,897.22 
    Next 300 3.500%   3.334% $2,002.89 

    *Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of May 13, 2015, offered for a limited time and subject to change without notice. Example based on $450,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 2 percentage points every 5 years with a lifetime maximum adjustment of 5% (8.000% for this example). Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

    Get Started 

     

    • For home purchases or external refinancing up to $4 million
    • Offers not available on investment properties
    • NO ORIGINATION FEE!
    • See below for loan to value and combined loan to value limits for conforming, jumbo, super jumbo mortgages, and condos
    • Free 90-day rate lock**
    • See additional details below

    5/1 ARM Conforming Loan

    5/1 Adjustable Rate Mortgage

    Adjusts annually after the first five years

    Months Rate Points APR Payment*
    First 60 2.875% 3.002% $414.89 
    Next 300 3.000%   3.002% $420.64 

    *Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of May 13, 2015, offered for a limited time and subject to change without notice. Example based on $100,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 2 percentage points after the initial five year period and at each subsequent annual rate adjustment, with a lifetime maximum adjustment of 5% (7.875% in this example). Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

    Get Started 

       

    • Special: No Origination Fee! 
    • Free 90-day rate lock**
    • Apply online for a pre-qualification

    5/1 ARM Jumbo Loan

    5/1 Adjustable Rate Jumbo Mortgage

    Adjusts annually after the first five years

    Months Rate Points APR Payment*
    First 60 3.000% 3.088% $2,108.02 
    Next 300 3.000%   3.088% $2,108.02 

    *Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of May 13, 2015 offered for a limited time and subject to change without notice. Example based on $500,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 2 percentage points after the initial five year period and at each subsequent annual rate adjustment, with a lifetime maximum adjustment of 5% (8.000% in this example). Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

    Get Started 
    • Free 90-day rate lock**
    • Apply online for a pre-qualification
    • 1% Origination Fee

     

    5/5 ARM Conforming Loan

    5/5 Adjustable Rate Mortgage

    Adjusts only once every 5 years

    Months Rate Points APR Payment*
    First 60 2.875% 3.292% $1,659.57 
    Next 300 3.500%    3.292% $1,776.26 

    *Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of May 13, 2015, offered for a limited time and subject to change without notice. Example based on $400,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 2 percentage points every 5 years with a lifetime maximum adjustment of 5% (7.875% for this example). Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

    Get Started 
    • For home purchases or refinancing up to $417,000
    • Offers not available on investment properties
    • NO ORIGINATION FEE!
    • See below for loan to value and combined loan to value limits for conforming, jumbo, super jumbo mortgages, and condos
    • Free 90-day rate lock**
    • See additional details below

    5/5 ARM Jumbo Loan

    5/5 Adjustable Rate Jumbo Mortgage

    Adjusts only once every 5 years

    Months Rate Points APR Payment*
    First 60 3.000% 3.334% $1,897.22 
    Next 300 3.500%   3.334% $2,002.89 

    *Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of May 13, 2015, offered for a limited time and subject to change without notice. Example based on $450,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 2 percentage points every 5 years with a lifetime maximum adjustment of 5% (8.000% for this example). Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

    Get Started 

     

    • For home purchases or external refinancing up to $4 million
    • Offers not available on investment properties
    • NO ORIGINATION FEE!
    • See below for loan to value and combined loan to value limits for conforming, jumbo, super jumbo mortgages, and condos
    • Free 90-day rate lock**
    • See additional details below

    15/15 ARM Conforming Loan

    15/15 Adjustable Rate Mortgage

    Adjusts only once for the life of the loan

    Months Rate Points APR Payment*
    First 180 3.000% 3.177% $421.60 
    Next 180 3.250%   3.177% $428.99 

    *Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of May 15, 2015, offered for a limited time and subject to change without notice. Example based on $100,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 6 percentage points every 15 years (9.000% for this example). Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

    Get Started 
    • Limited Time Special Offer! 
    • For Purchases & Refinances
    • Primary Residence & Second Homes (Investment properties are not eligible)
    • Loan amounts up to $417,000
    • 1% Origination Fee

    15/15 ARM Jumbo Loan

    15/15 Adjustable Rate Jumbo Mortgage

    Adjusts only once for the life of the loan

    Months Rate Points APR Payment*
    First 180 3.250% 3.339% $2,176.03 
    Next 180 3.250%   3.339% $2,176.03 

    *Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of May 15, 2015, offered for a limited time and subject to change without notice. Example based on $500,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 6 percentage points every 15 years (9.250% for this example). Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

    Get Started 

     

    • Limited Time Special Offer! 
    • For Purchases & Refinances
    • Primary Residence & Second Homes (Investment properties are not eligible)
    • Loan amounts from $417,000 up to $2 Million
    • 1% Origination Fee

    30-Year Fixed Conforming Loan

    • For home purchase or refinancing
    • Offers not available on investment properties
    • Loan amounts up to $417,000
    • 1% origination fee
    • Free 60-day rate lock**

     

    Please click on any of the rates in the table to the right to see the payment spread.

     

    RatePointsAPR
    3.750% 0.000 3.851%
    3.625% 0.125 3.736%
    3.500% 1.250 3.703%

    Get Started

    30-Year Fixed Jumbo Loan

    • For home purchases or refinancing
    • Available for loans greater than $417,000 up to $2 million
    • 1% origination fee

     

    Please click on any of the rates in the table to the right to see the payment spread.

    RatePointsAPR
    4.000% 0.000 4.091%
    3.875% 0.500 4.008%
    3.750% 1.375 3.955%

    Get Started

    20-Year Fixed Conforming Loan

    • For home purchase or refinancing
    • Loan amounts up to $417,000
    • Free 60-day rate lock**
    • 1% Origination Fee

     

    Please click on any of the rates in the table to the right to see the payment spread.

     

    RatePointsAPR
    3.500% 0.000 3.680%
    3.375% 0.375 3.597%
    3.250% 1.375 3.586%

    Get Started

    15-Year Fixed Conforming Loan

    • For home purchase or refinancing
    • Loan amounts up to $417,000.
    • 1% origination fee
    • Free 60-day rate lock**

     

    Please click on any of the rates in the table to the right to see the payment spread.

    RatePointsAPR
    2.750% 0.000 2.977%
    2.625% 0.125 2.869%
    2.500% 0.625 2.815%

    Get Started

    15-Year Fixed Jumbo Loan

    • For home purchase or refinancing
    • Loan amounts between $417,001 and $750,000
    • 80% LTV†
    • Free 60-day rate lock, 90-day rate lock on all Super Jumbos**
    • Super Jumbo loans for loan amounts between $750,001 and $2 million
    • 1% origination fee

    Please click on any of the rates in the table to the right to see the payment spread.

     

    † LTV over 60% generally requires a Loan Level Pricing Adjustment. LLPA varies dependent upon credit score.

    RatePointsAPR
    2.875% 0.000 3.035%
    2.750% 0.125 2.927%
    2.625% 0.625 2.873%

    Get Started

    10-Year Fixed Conforming Loan

    • For home purchase or refinancing
    • Loan amounts up to $417,000
    • Free 60-day rate lock**
    • 1% Origination Fee

     

    Please click on any of the rates in the table to the right to see the payment spread.

     

    RatePointsAPR
    2.750% 0.000 3.079%
    2.625% 0.750 3.111%
    2.500% 2.250 3.305%

    Get Started

    10 Year Balloon - Investment Property

    • For home purchase or refinancing 
    • Loan amounts up to $417,000
    • 75% LTV†/ 70% LTV MI & FL
    • Free 60-day rate lock** 
    • 1% Origination Fee 

    Please click on any of the rates in the table to the right to see the payment spread.

     

    † LTV over 70% requires a .5% Loan Level Pricing Adjustment 

    RatePointsAPR
    4.250% 1.000 4.602%
    4.125% 1.125 4.492%
    4.000% 2.250 4.521%

    Get Started

    30-Year Fixed Rate Mortgage

    • Loan amounts up to $625,500 for single family homes based on property location. For example, the maximum single family loan amount in the Washington, DC metropolitan area is $625,500. Check HERA loan limits in your area. 
    • The maximum loan-to-value (LTV) for homes financed in the states of Florida, Arizona, Nevada and Michigan is 80%. All other states maximum loan-to-value (LTV) is 85%. Private Mortgage Insurance required for LTVs above 80%. The maximum combined loan-to-value (CLTV) is 90%.
    • For condominiums, the maximum LTV/CLTV is 80% in DC, MD & VA; 70% in all other states.
    • Cash-out maximum LTV/CLTV is 80% on primary residences only and no cash-out on condominiums or second homes.
    • For second home purchases or limited refinance loans, the maximum LTV/CLTV is 80%.
    • Refinances require a minimum of 6 months of seasoning since the last refinance or date of purchase.
    • 1% origination fee

    Please click on any of the rates in the table to the right to see the payment spread.

    RatePointsAPR
    3.875% 0.000 3.968%
    3.750% 0.500 3.884%
    3.625% 1.375 3.831%

    Get Started

    15-Year Fixed Rate Mortgage

    • Loan amounts up to $625,500 for single family homes based on property location. For example, the maximum single family loan amount in the Washington, DC metropolitan area is $625,500. Check HERA loan limits in your area. 
    • The maximum loan-to-value (LTV) for homes financed in the states of Florida, Arizona, Nevada and Michigan is 80%. All other states maximum loan-to-value (LTV) is 85%. Private Mortgage Insurance required for LTVs above 80%. The maximum combined loan-to-value (CLTV) is 90%.
    • For condominiums, the maximum LTV/CLTV is 80% in DC, MD & VA; 70% in all other states.
    • Cash-out maximum LTV/CLTV is 80% on primary residences only and no cash-out on condominiums or second homes.
    • For second home purchases or limited refinance loans, the maximum LTV/CLTV is 80%.
    • Refinances require a minimum of 6 months of seasoning since the last refinance or date of purchase.
    • 1% origination fee

    Please click on any of the rates in the table to the right to see the payment spread.

    RatePointsAPR
    2.875% 0.000 3.037%
    2.750% 0.125 2.929%
    2.625% 1.000 2.929%

    Get Started

    30-Year Fixed Jumbo Loan

    • For home purchases or refinancing
    • Available for loans greater than $417,000 up to $2 million
    • 1% origination fee

     

    Please click on any of the rates in the table to the right to see the payment spread.

    RatePointsAPR
    4.000% 0.000 4.091%
    3.875% 0.500 4.008%
    3.750% 1.375 3.955%

    Get Started

    5/5 ARM Jumbo Loan

    5/5 Adjustable Rate Jumbo Mortgage

    Adjusts only once every 5 years

    Months Rate Points APR Payment*
    First 60 3.000% 3.334% $1,897.22 
    Next 300 3.500%   3.334% $2,002.89 

    *Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of May 13, 2015, offered for a limited time and subject to change without notice. Example based on $450,000 loan. Other restrictions apply. Rate is variable and can increase by no more than 2 percentage points every 5 years with a lifetime maximum adjustment of 5% (8.000% for this example). Since the value of the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus margin (fully indexed rate) as of the date above.

    Get Started 

     

    • For home purchases or external refinancing up to $4 million
    • Offers not available on investment properties
    • NO ORIGINATION FEE!
    • See below for loan to value and combined loan to value limits for conforming, jumbo, super jumbo mortgages, and condos
    • Free 90-day rate lock**
    • See additional details below

    30-Year VA Fixed Loan

    • For home purchase or refinancing  
    • Loan amounts available up to $417,000 and higher based on VA County limits. Click here for list.
    • No origination fee¹ 
    • Free 60-day rate lock**

     

    Please click on any of the rates in the table to the right to see the payment spread.

     

    RatePointsAPR
    3.750% 0.000 4.065%
    3.625% 0.125 3.948%
    3.500% 1.250 3.917%

    Get Started

    15-Year VA Fixed Loan

    • For home purchase or refinancing
    • Loan amounts available up to $417,000 and higher based on VA County limits. Click here for list.
    • No origination fee¹ 
    • Free 60-day rate lock**

     

    Please click on any of the rates in the table to the right to see the payment spread.

     

    RatePointsAPR
    2.750% 0.000 3.296%
    2.625% 0.125 3.188%
    2.500% 0.625 3.135%

    Get Started
  • Save up to $10,000 when buying your next home
  • 30-Year Fixed Mortgage Payment Example: The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $250,000 and an estimated property value of $350,000. The property is located in Alexandria, VA and is within Fairfax County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 60 days and the assumed credit score is 740. At a 3.750% interest rate, the APR for this loan type is 3.851% based on 0 points. The monthly payment schedule would be 359 payments of $1,157.79 and 1 payment for $1,157.31 at an interest rate of 3.750%. Payments shown do not include taxes or insurance escrows; actual payments may be greater. NOTE: A 1% origination fee applies to this loan. The origination fee may be waived by adding 0.25% to the selected rate. The application of points will be determined by the loan to value (LTV) ratio combined with certain representative credit scores. Points also apply to certain cash-out refinance transactions, certain condominium transactions, and some transactions with subordinate financing that will reflect on the Good Faith Estimate and/or Settlement Statement. For purchase transactions, the rate cannot be locked until PenFed has received a ratified purchase agreement. Points are the responsibility of the borrower and not covered in promotions. 

     

    30-Year Fixed Jumbo Mortgage Payment Example: The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $600,000 and an estimated property value of $750,000. The property is located in Alexandria, VA and is within Fairfax County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 60 days and the assumed credit score is 740. At a 4.000% interest rate, the APR for this loan type is 4.091% based on 0 points. Other rates and terms available. The monthly payment schedule would be 359 payments of $2,864.49 and 1 payment of $2,865.21 at an interest rate of 4.000%. Payments shown do not include taxes or insurance escrows; actual payments may be greater. NOTE: A 1% origination fee applies to this loan. The origination fee may be waived by adding 0.25% to the selected rate.The application of points will be determined by the loan to value (LTV) ratio combined with certain representative credit scores. Points also apply to certain cash-out refinance transactions, certain condominium transactions, and some transactions with subordinate financing that will reflect on the Good Faith Estimate and/or Settlement Statement. For purchase transactions, the rate cannot be locked until PenFed has received a ratified purchase agreement. Points are the responsibility of the borrower and not covered in promotions. The 30-Year fixed rate jumbo loan (loan amounts greater than $417,000) is available only for purchases and refinances.

       

    15/15 ARM: Available on purchases and refinances. Not available for applications without a property address (pre-purchase). The initial rate is fixed for 15 years/180 months. When the rate adjusts, your new rate will be the then current index (weekly average yield on US Treasury securities adjusted to a constant maturity of 10 years) plus a margin of one percentage (1.000%) point, rounding to the nearest one-eighth (0.125%). The new rate cannot exceed six percent (6.000%) above the initial rate or cannot be lower than the floor rate of one percent (1%). The maximum loan-to-value (LTV) 15/15 ARMs is 80% combined loan-to-value (CLTV) is 95%.

      

    15/15 ARM Mortgage Payment Example: The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $100,000 and an estimated property value of $125,000. The property is located in Alexandria, VA and is within Fairfax County. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account may be required. The rate lock period is 60 days and the assumed credit score is 740. At a 3.000% interest rate, the APR for this loan type is 3.177% based on 0 points, other rates and terms available. The monthly payment schedule would be $421.60 for the first 180 months at an interest rate of 3.000% and $428.99 for the next 180 months at an interest rate of 3.250%. Payments shown do not include taxes or insurance escrows; actual payments may be greater. NOTE: A 1% origination fee applies to this loan. The origination fee may be waived by adding 0.25% to the selected rate. The application of points will be determined by the loan to value (LTV) ratio. Points are the responsibility of the borrower and not covered in promotions. 

     

    Investment properties not eligible for offers.   

     

    Conforming Mortgages: For loan amounts from $25,000 to $417,000 (Loan amounts up to $625,500 are available in Alaska and Hawaii). The maximum combined loan- to-value (CLTV) is 95%; 80% LTV and above are subject to private mortgage insurance (PMI). The maximum LTV and CLTV for condominiums is 80%. The maximum loan –to –value (LTV) for 15/15 ARMs is 80% and combined loan-to-value (CLTV) is 95%. 

     

    Jumbo Mortgages: For loan amounts above $417,000 to $750,000 (Loan amounts from $625,500 to $750,000 are available in Alaska and Hawaii). The maximum loan-to-value (LTV) is 80% and the maximum combined loan-to-value (CLTV) is 90%. The maximum LTV and CLTV for condominiums is 80%.

     

    Super Jumbo Mortgages: For loan amounts above $750,000. 5/5 ARMs up to $4 million and Fixed Loans up to $2 million. The maximum loan-to-value (LTV) and combined loan-to-value (CLTV) is 80%. In DC, MD and VA only, the maximum LTV and CLTV for condominiums as a primary residence is 80%. The LTV and CLTV in all other states for condominiums is 75%. The LTV and CLTV for second home condominiums is 70% in all states.

     

    5/5 ARMs – Offer available for purchases or refinances. The initial rate can change every 5 years by no more than 2 percentage points up or down, never to exceed 5 percentage points above the initial rate. When the rate adjusts, your new rate will be the then current index plus margin, which is currently set to 2.00 for the new products, as long as it does not exceed the 2% adjustment cap.  

     

    5/1 ARMs - Offer available for purchases and refinances. The initial rate can change after 5 years by no more than 2 percentage points up or down. After the initial rate change, the rate will adjust annually by no more than 2 percentage points up or down, never to exceed 5 percentage points above the initial rate. When the rate adjusts, your new rate will be the then current index plus margin, which is currently set at 2.875% for the new products as long as it does not exceed the 2% adjustment cap.

     

    All Mortgage Programs: The application of points will be determined by the loan-to- value (LTV) ratio combined with certain representative credit scores. Points also apply to certain cash-out refinance transactions, certain condominium transactions, and some transactions with subordinate financing. 

     

    Origination fee may apply to certain programs. The origination fee may be waived by adding 0.25% to the selected rate.

     

    ¹PenFed 1% origination fee waived as limited time offer on VA loans. Applicant is still responsible for VA funding fee.

     

    ** For purchase transactions, the rate cannot be locked until PenFed has received a ratified purchase agreement.

     

    The applicant is responsible for the following fees and costs at the time of closing. Origination fee, appraisal fee, tax service fee, CLO access fee, title fees, transfer tax fees, credit report fee, flood cert fee, recording fee, survey if required and work verification fee, escrow reserves and interest due until first payment, other cost may be included due to program specific circumstances. This is not intended to be an all-inclusive list.  

     

    Escrows may be waived if LTV is 80% or less in all states.

     

    PenFed may require minimum liquid financial reserves available to the borrower after the mortgage closes equal to 1 to 6 months full payments including principal, interest, homeowner’s insurance, property taxes, mortgage insurance and homeowner association dues (PITIA). For loan amounts in excess of $750,000, 12 months PITIA minimum verified liquid reserves required.

    Additional reserves may be required under the following circumstances:
     

      • Current Principal Residence pending sale or converted to 2nd home or investment property
              -  30% or more equity in current principal residence: 2 months PITIA subject property, plus 2 months PITIA on current principal residence.
              - Less than 30% equity in current principal residence: 6 months PITIA subject property, plus 6 months PITIA on current principal residence.
     
    • Second Home or Investment Property
              - 1-4 Finance Properties owned: 2 months PITIA on each financed property.
              - 5-10 Financed Properties: 6 months PITIA on each financed property.

    • Loan Amount greater than $750,000 minimum verified reserves equal to 12 months PITIA on subject property

     

    If a loan is withdrawn, the applicant may not reapply for at least 90 days from the date the application was withdrawn.

     

    All above disclosures apply to non-Veteran’s Administration (VA) loans. VA loans have different guidelines and eligibility requirements.

     

    All rates and offers are in effect as of  May 2015 offered for a limited time and subject to change without notice. Other restrictions may apply. Contact your PenFed mortgage consultant for any applicable additional restrictions and details about your loan. To receive any advertised product you must become a member of PenFed by opening a share (savings) account. Federally insured by the NCUA.

     

    We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.