Explore PenFed Credit Union's mortgages, their pros, cons, eligibility, and if the potential savings are worth joining for your home financing.
PenFed Credit Union offers lender credits and competitive mortgage interest rates. Read our full PenFed Mortgage Review to learn more.
Rocket Mortgage: Best overall ; Third Federal Savings and Loan Mortgage: Best for low costs ; Pentagon Federal Credit Union Mortgage: Best for veterans
PenFed Credit Union offers a selection of low-down-payment mortgages, including VA loans, and membership is open to anyone.
PenFed offers a wide range of mortgage products to help its members purchase or refinance a home. These loans range up to $5 million, with purchase closing times averaging 34 days (50 days for refinances). Loans backed by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) are also available through PenFed. ...
Regular Annual Percentage Rate (APR) · Fixed: 7.74% - 9.93% ; Fees · late fee of 20% of the interest owed, with a minimum of $5 and a maximum of $25 ; Recommended Credit · 670 ; Loan Amount Range · $7,500 to $500,000
The Best VA Mortgage Lenders ; Veterans United: Best overall ; Carrington Mortgage Services: Best for poor credit ; Fairway Independent Mortgage Corporation: Best for a smooth closing
PenFed Credit Union offers a selection of low-down-payment mortgages, including VA loans, and membership is open to anyone.
Our team of experts reviewed top mortgage lenders to help you choose the best lender for your borrowing needs. Check out our mortgage lender reviews here.
Key Takeaways ; The current average mortgage rate on a 30-year fixed-rate mortgage, the most popular home loan, is 6.92%, a 2 basis points jump from the previous week. ; Borrowers looking for a shorter payoff horizon with 15-year fixed mortgages face an average rate of 6.20%, an increase of 1 basis points from a week ago. ; For buyers looking for guaranteed government loans for their dream homes, 30-year fixed FHA mortgages average 6.91%, compared to 6.85% the week prior.