PenFed can help you find the right mortgage for you and now HGTV can help you pay it off! One lucky HGTV fan can win $15,000 to help make their dream home come true.
Smart Ways to Save on Buying Your Home
No one ever said home ownership was easy—whether you are just starting out or are a seasoned buyer, PenFed Credit Union is here to guide you every step of the way.
Find Out What Works Best for You
Making the transition into home ownership doesn’t have to be intimidating—or as costly as you think. Many products tailored to first time home buyers offer cost-saving options including low or no down payments. Our First Time Home Buyer product offers a low down payment, rewards you for paying on time, and other great benefits to help you along the way.
Questions to Ask a Real Estate Agent
- How long have you been in business and do you have references?
- What is your strategy to find the home that meets my needs?
- What should I know that I haven’t asked about?
You may want to consider an Adjustable Rate Mortgage or ARM product which can offer a lower monthly payment early in the loan, and a rate that adjusts over time. Our ARM products come in a variety of terms and help you stay flexible and mobile.
Taking advantage of VA-backed mortgage loans means you have access to no down payments, waived mortgage insurance premiums, and lower average interest rates compared to conventional loans. These loans are available to active military, veterans, and spouses of veterans. Check out our VA Loan options for competitive rates, 100% financing, and a newly increased loan limit.