¹Power 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.

²Power 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. Some loan programs may be excluded. Offering is subject to change at any time, some loan programs may be excluded. Talk to a PenFed Mortgage Loan Officer for additional details.

³A pre-approval for a mortgage loan with PenFed is based on the information you provided, a review of your credit report, and an automated underwriting decision. This pre-approval is subject to terms and conditions, including the following: An acceptable appraisal of the subject property that supports the sales price. No material changes in your employment, income, assets, and liabilities. This is not a commitment to lend; final underwriter approval is required.

⁴Members 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.

⁵Some pre-approvals may be issued using a soft credit inquiry that does not impact your credit score. Depending on the loan program, borrower profile, or underwriting requirements, a hard credit inquiry may be required. The Power Buyer Program requires a hard credit pull. Connect with a loan officer to confirm if a no credit impact pre‑approval applies to your situation.

Additional Disclosures

Points are the responsibility of the borrower and not covered in promotions.

To receive any advertised product, you must become a member of PenFed.