PenFed Homes Program exclusive savings
Nationwide network of trusted agents
Streamlined home buying experience
SAVING MONEY WAS NEVER EASIER
Receive a real estate broker paid closing credit up to $1,500¹ through the PenFed Homes Program when you leverage our team of mortgage experts with qualified network real estate agents.
Speak to representative directly at 1-800-556-8077
Whether you’re buying or selling a home, members can receive exclusive savings while leveraging a nationwide network of trusted real estate professionals.
Our exclusive Power Buyer suite of solutions can provide you an important advantage over other homebuyers while helping you close faster. Power Buyer certifications offer a variety of benefits².
Gain a conditional upfront loan approval to shop with confidence and compete with cash buyers²
Stay ahead of rising interest rates with Lock While You Shop protection²
Access the equity of your new home in as little as 30 days from closing²
REAP THE BENEFITS
Partnering with PenFed for both your mortgage and real estate needs ensures a smooth and seamless home shopping experience. Whether this is your first home purchase or tenth, you can rest assured that you are working with the best. Focus on what matter most while we take care of the rest!
SELLING A HOME THAT NEEDS A LITTLE TLC
You may be able to sell your home faster and for more money with an unsecured loan that is interest-free for the first 6 months. The Makeover Advantage loan could be the best solution to get your house ready to sell in optimum condition.
Home renovation loan up to $35,000
0% APR for the first 6 months for consumers working with a network real estate agent
Call 1-800-556-8077 for more information.
To receive the advertised product, you must become a member of PenFed Credit Union, which is federally insured by the NCUA.
¹Members are eligible to receive the real estate broker paid closing credit when their transaction is completed with both PenFed mortgage and the referred PenFed real estate network agent to purchase their new home. Member must use the PenFed qualified real estate network agent assigned to member to close their real estate transaction. If Member has already closed on a property or are currently using, and wish to continue using, an unqualified PenFed network real estate agent, Member will not qualify for this benefit. Real estate broker paid closing cost credit will be $1,000 for purchase prices up to $699,999K and $1,500 for purchase prices over $700,000. Credit must be listed on the sales contract or addendum, and on the final Closing Disclosure (CD). Members can obtain lender and real estate services separately, but the real estate broker paid closing cost credit will not apply. The seller and/or other credits must be reduced if the loan has reached the maximum allowable credit limit per the loan product.
Due to state guidelines the real estate broker paid closing cost credit is not available in AK, IA, KS, LA, MO, MS, OK, OR or TN.
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.
Power Buyer Certification is contingent on a full underwriting review and approval of loan documentation and other creditworthiness conditions.
Power Buyer Solutions are subject to change at any time and without notice. Talk to a PenFed Mortgage Loan Officer for additional details.
Certain loan types may not be eligible for Power Buyer.
³0% APR for 6 months. After that, a fixed APR between 7.74% and 17.99% applies. Your fixed APR applicable after the promo expiration will be determined at the time of loan disbursement and will be based on your application and credit information. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history. The 0% APR for 6 months offer is valid for consumers working with a PFR agent. To be eligible for the 0% APR for 6 months, you must submit a PenFed personal loan application through your PFR agent. "0% APR" means all loan payment received in the 6 months following loan origination will be applied exclusively to your unpaid loan balance. After 6 months, your loan payments will be applied to the unpaid loan balance and applicable finance charges.
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