¹Member must meet HomeReady or first-time homebuyer (FTHB) program eligibility requirements. Talk to a PenFed Mortgage Loan Officer for additional details.

²Conforming Mortgages: For loan amounts from $50,000 to $832,750. Loan amounts up to $1,249,125 are available in Alaska and Hawaii. For purchase and limited cash out refinance, the maximum loan-to value (LTV) and combined loan- to-value (CLTV) for a one unit property is 95% except for First-Time Homebuyer and HomeReady programs which permit 97% financing. Loan amounts up to $832,750 are available in Puerto Rico and the maximum LTV and CLTV is 95%. Loans with a LTV of 80% or greater are subject to private mortgage insurance (PMI). PMI is applicable to conventional and not VA. The LTV and CLTV limits may vary depending on the property type, loan limit, loan program and occupancy.

³Except for holidays, rates are updated Monday through Friday at 10:15am EST. The advertised rates and points are subject to change. The information provided is based on 1.0 discount point, which equals 1.0 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. Rates quoted require a loan origination fee of 1%; not to exceed $1995. Speak to a PenFed Mortgage Loan Officer for additional details.

⁴Power Buyer Certification is contingent on a full underwriting review and approval of loan documentation and other creditworthiness conditions. Offering is subject to change at any time; some loan programs may be excluded. Talk to a PenFed Mortgage Loan Officer for additional details.

⁵Power Buyer Lock While You Shop is applicable to first mortgage pre-approval home purchases that have received approve/eligible finding. Not applicable on HELOC or refinance transactions. To ensure timely closing within the rate lock period, the borrower should provide an executed sales contract and full property address to PenFed within the initial 30 days of the lock period. Extending a rate lock is subject to applicable rate extension fees to be paid at closing. Offering is subject to change at any time; some loan programs may be excluded. Talk to a PenFed Mortgage Loan Officer for additional details.

⁶Borrower must provide eConsent, agree to participate in the Fast Pass program, and provide required documentation within 5 business days of application. Participation does not guarantee approval. Talk to a PenFed Mortgage Loan Officer for additional details.

⁷Members become Very Important Buyers (VIB) and are eligible to receive the lender-paid closing credit when their transaction is completed with both PenFed mortgage and the qualified PenFed real estate network agent to (1) purchase their new home, offer valid for completed purchase applications received on or after April 3, 2025, or (2) to purchase a home listed by a Berkshire Hathaway HomeServices PenFed Realty agent, offer valid for completed purchase applications received on or after October 6, 2025; subject to qualification and approval. Member must use the qualified PenFed real estate network agent assigned to member to close their real estate transaction. If member has already closed on a property or is currently using, and wishes to continue using, a non-PenFed real estate network agent, member will not qualify for this benefit. Lender-paid closing cost credits include: loan origination fee, appraisal fee, tax service fee, flood certification fee, credit report fee, soft credit report fee, and escrow waiver pricing adjustment, if applicable. Members can obtain lender and real estate services separately, but the lender-paid closing credit will not apply. Credits may be reduced if all credits received, including seller credits, have reached the maximum allowable credit limit for the selected loan product. Terms and conditions apply and are subject to change without notice. This is not a commitment to lend.

Very Important Buyer (VIB) members are eligible to receive a lender-paid closing credit if they refinance the original VIB loan with PenFed within 3 years of the origination date of their original VIB loan. The same fees are eligible to be waived as the original VIB loan. The refinance benefit can only be redeemed one time. Terms and conditions apply and are subject to change without notice. This is not a commitment to lend.

⁸PenFed Credit Union does not represent, nor warrant, any services members purchase through the Househappy® platform of service providers. Any purchases members make through the Househappy® platform are the sole responsibility of the member. HouseHappy® service offerings in Puerto Rico and Guam are more limited and home care service providers are not available in these territories at this time. PenFed will not pay for, nor will it reimburse for, any services purchased through Househappy® and its service providers. Details on these Terms can be found here.

To receive the advertised product, you must become a member of PenFed Credit Union, which is federally insured by the NCUA.