Routing # 256078446

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info800-970-7766Smarter home buying for Very Important Buyers1Pay no origination fee, no appraisal fee, and no credit report fee—keep more for your new home.tickiconMortgagetickiconReal Estate AgentAccess network agents and competitive rates—on your terms.Very Important Buyer1 Benefits infoBecome a VIB when you choose both a PenFed network agent** and PenFed mortgage.IconLender fees waivedIconNo Origination FeeIconNo Appraisal FeeIconNo Credit Report FeeIconNo Tax Service FeeIconNo Escrow Waiver Fee (if eligible)IconSave on your future refinanceVIB Buyers are eligible to refinance within three years from your original VIB loan closing date with no origination, appraisal, credit report, tax service or (if eligible) escrow waiver fees.IconAccess a network of agents**Around the corner or across the county—choose to work with a trusted network real estate agent who can make you feel right at home with your big move.cardFocused on financing?Work with a PenFed Mortgage Purchase Advisor and get rates priced up to $10,000 lower than the nation’s largest lender*.cardJust need the right agent?We can help you get connected with a network agent** to guide you through the home buying process.

Real members, real stories, real homes

Compare and choose your best rateRates displayed are updated daily with current mortgage rates for the most common types of home loans.Conventional LoanInterest Rateinfo5.875 %APRinfo6.0421  %FHA LoanInterest Rateinfo5.250 %APRinfo6.1502  %Jumbo LoanInterest Rateinfo6.375 %APRinfo6.5113  %VA LoanInterest Rateinfo5.250 %APRinfo5.5544  %Ready, set, home!1Check Your Readiness2Find Your Home3Close confidently
  • Apply for mortgage and lock your rate.
  • Close fast with PenFed, get your keys, and move in.
  • If you close as a VIB, save on closing costs again with a future refinance1.
GET READY TO BUYEstimate affordability and monthly payments

Estimated Total Monthly Payment

$1,686

The calculator above is for educational purposes only. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

infoRatesThe scoop on today’s mortgage rates and fees.infoCalculatorsYou give us the numbers, we’ll do the math.infoLoan TypesKnow your ARM from your jumbo—we decipher it all.Know more, save more, buy betterFirst Time HomebuyerFirst Time HomebuyerExpert AdviceWhere do I start? Homebuying journey in 10 steps.Read time: 4 minutesPublished: May 14, 2025Key steps to assess finances, set priorities, and buy your ideal home.What to do before buying a houseWhat to do before buying a houseHelp ArticleMortgage calculator—know your optionsMortgage calculator—know your optionsHelp ArticleCommon Mortgage MythsCommon Mortgage MythsCommon Mortgage MythsInfographics7-steps-to-home-ownership7-steps-to-home-ownership7-steps-to-home-ownershipElectronic BookMobile IconHow can we help?Speak with a Mortgage Purchase AdvisorCall800-970-7766Mon–Fri: 8 am – 8 pm ET, Sat: 9 am – 5 pm ET.Contact

FAQs

Disclosures*The $10,000 pricing difference is based on the annual percentage rate (APR) advertised by Rocket Mortgage for a conforming conventional 30-year fixed mortgage with a loan amount of $350,000, loan-to-value ratio of 80%, and a credit score of 740 (as of January 27, 2026).**You are not required to use PenFed’s network of real estate agents as a condition of obtaining products or services from PenFed.  By using PenFed’s network of real estate agents, PenFed may receive a financial or other benefit.  You are free to shop around to determine that you are receiving the best services and the best rate for these services1Members 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.2Some preapprovals 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.3Power Buyer Lock While You Shop is applicable to first mortgage preapproval 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 must 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.4Conventional Loans: Except 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 1.375 discount point, which equals 1.375 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.5FHA Loans: Except 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 1.375 discount point, which equals 1.375 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 96.5%; 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.6Jumbo Loans: Except 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 1.25 discount point, which equals 1.25 percent of the loan amount, and assumes the purpose of the loan is to purchase a property with a 30-year, non-conforming, fixed-rate loan. Loan amount of $1,009,000; loan-to-value ratio of 70%; 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.7VA Loans: Except 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 1.5 discount point, which equals 1.5 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 $450,000; loan-to-value ratio of 95%; 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 $995. Speak to a PenFed Mortgage Loan Officer for additional details.8Member must meet HomeReady or first-time homebuyer (FTHB) program eligibility requirements. Talk to a PenFed Mortgage Loan Officer for additional details.9Qualified veterans with their full entitlement can borrow up to the county limit with no down payment.   Veterans who have one or more active VA loans or who defaulted on a previous VA loan may be required to make a down payment.To receive the advertised product, you must become a member of PenFed Credit Union, which is federally insured by the NCUA.

This credit union is federally insured by the National Credit Union Administration. Rates are current as of April 2026 unless otherwise noted and are subject to change.

APY = Annual Percentage Yield
APR = Annual Percentage Rate

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Routing #256078446

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