PennyMac Home Equity Loans
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| APR (Fixed APR) |
5.6% - 13% (Verified 01/14/2023) |
| Loan Term (Years) | 7 - 20 years |
| Loan Amount | $10,000 - $250,000 |
| Maximum LTV | N/A |
PennyMac Home Equity Loans Review
PennyMac Home Equity Loans is offered by PennyMac (NMLS #35953), a nonbank financial services provider founded in 2008 and based in Westlake Village, CA. PennyMac Home Equity Loans are available in 50 states (and Washington, DC).
PennyMac Home Equity Loans FAQ
How much can you borrow with a PennyMac Home Equity Loans home equity loan?
A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.
PennyMac Home Equity Loans allows borrowers to apply for home equity loans of up to $250,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.
Typically, borrowers with good credit can qualify for up to 85 percent of the value of the property less the balance on their first mortgage.What home equity loan rates does PennyMac Home Equity Loans offer?
PennyMac Home Equity Loans offers home equity loans with a fixed APR that ranges from 5.6% up to 13%.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.
What fees does PennyMac Home Equity Loans charge for a home equity loan?
PennyMac Home Equity Loans may charge a loan origination fee
Contact
- Headquarters
-
3043 Townsgate Rd
Suite 200
Westlake Village, CA 91361 - (866) 549-3583
- Visit Site
- Email Support
Other Services by PennyMac Loan Services LLC
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Credit Score Range | 580 - |
| Employment Statuses Considered |
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| Immigration Status Considered |
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| Joint Loan Applications Accepted |
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| Military Status |
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| Minimum Age | 18 |
| Supported Income Types |
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| Verification Documents Required |
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