Where does New Penn Financial do business?

New Penn Financial is a direct lender based in Plymouth Meeting, PA. The company was founded in 1996 and offers mortgages to borrowers in 50 states across the USA (and Washington, DC).

How much can you borrow via New Penn Financial?

New Penn Financial allows borrowers to apply for loan amounts of up to $1,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What range of rates does New Penn Financial offer?

New Penn Financial offers home loans with APRs starting at 3.35% .

Does New Penn Financial charge a mortgage origination fee?

Yes, New Penn Financial may charge a loan origination fee.

Does New Penn Financial charge prepayment fees?

Yes, New Penn Financial charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What mortgage programs does New Penn Financial offer?

New Penn Financial offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • FHA 203k
  • HARP
  • VA

What property usage types does New Penn Financial allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. New Penn Financial allows the following property usage types: 

  • Primary home 

  • Intended Use
    Primary Home
  • Primary Residence
  • Estate/Trust/Retirement
  • Loan Amount
    $50000 - $1000000
  • APR
    Starting at 3.35%
  • Terms
    10, 15, 20, 25, 30
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