Pen Fed Mortgage
- Apply for an adjustable rate mortgage with Pentagon Federal Credit Union
- Apply for a fixed rate loan with PenFed
- Mortgage adjusts only once during the duration of the loan
Those who choose the Pentagon Federal Credit Union as their banking institution enjoy a number of perks. These include rewards for making credit card purchases, high APY on checking and savings accounts, and access to 50,000 no-charge ATMs nationwide. And those who are looking to purchase a new home can’t do better than applying for a mortgage with PenFed. There are a number of loan options on offer through Pentagon Federal Credit Union, enough to suit most budgets and plans.
Some of the mortgages on offer from PenFed
- 30-year fixed jumbo loan
- 20-year fixed conforming loan
- 15-year fixed conforming loan
- 10-year balloon investment property
- 5/1 ARM jumbo loan
- 15/15 ARM conforming loan
For example, those qualify for a 5/1 adjustable rate mortgage will enjoy a 2.625% rate and a 2.997% APR on their first 60 months. Those who qualify for a 20-year mortgage can receive a loan amount up to $417,000 and enjoy a 3.625% rate and a 3.835% APR. Also, Pentagon Federal Credit Union is eager to work with folks to help them find the mortgage that is right for them. To make the process even more efficient, PenFed has an online mortgage tool available to anyone and everyone who wants to take advantage of it. Simply visit the promotional page (see below) and use the system to find the type of loan that is right for you.