PennyMac Home Equity Loans
PennyMac Home Equity Loans
in Home Equity Loans from PennyMac Loan Services LLC · NMLS ID #35953

PennyMac Home Equity Loans

in Home Equity Loans from PennyMac Loan Services LLC · NMLS ID #35953
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New American Funding Home Equity Loans 14 reviews
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

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Hours of Operation

  • Sunday Closed
  • Monday 6:00am - 7:00pm
  • Tuesday 6:00am - 7:00pm
  • Wednesday 6:00am - 7:00pm
  • Thursday 6:00am - 7:00pm
  • Friday 6:00am - 7:00pm
  • Saturday 7:00am - 3:00pm

Other Services by PennyMac Loan Services LLC


  Available in 50 states and Washington, D.C.
  • 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
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Identity
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
Mortgage Features Cash-Out Refinance
APR (Fixed APR) 5.6% - 13%
(Verified 01/14/2023)
APR Type Fixed APR
Loan Amount $10,000 - $250,000
Loan Term 7 - 20 years
Interest Rate Types Offered Fixed-Rate Mortgage

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