Last Updated: 10/10/2025
PenFed Credit Union Mortgage
Claimed
Last Updated: 10/10/2025
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Highlights
Credit Score Range
620 - 850
Amount Range
Up to $5,000,000
Loan Term (Years)
1 - 30
PenFed Credit Union Mortgage Review
PenFed Credit Union Mortgage is offered by PenFed Credit Union (NMLS #401822), a credit union founded in 1935 and based in Tysons, VA. PenFed mortgage are available in 50 states and Washington, DC.
Key Takeaways
- Only two mortgage programs offered. PenFed Credit Union Mortgage provides VA jumbo conforming and conventional mortgages.
- Financing for single-family and multi-family properties. However, PenFed Credit Union does not offer financing for manufactured homes.
- Standard interest rates types.
- No primary residences considered. PenFed Credit Union Mortgage does not offer financing for primary homes.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for PenFed Credit Union Mortgage.
PenFed Credit Union Mortgage Pros & Cons
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PenFed mortgage FAQ
How much can you borrow via PenFed Credit Union?
PenFed mortgage allows borrowers to apply for loan amounts of up to $5,000,000. 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 is the maximum loan term you can get with PenFed mortgage?
PenFed mortgage offers mortgages with terms ranging from 1 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does PenFed Credit Union offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, PenFed mortgage may charge a loan origination fee .
What mortgage programs are available?
Besides conventional mortgages, PenFed mortgage offers the following mortgage types:
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
- VA loans: A zero down payment mortgage or a refinance of up to 100% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.
What is the customer service phone number?
The customer service number for PenFed Credit Union Mortgage is (800) 247-5626.
What is the support contact email?
The support contact email for is info@hq.penfed.org.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 4:00PM
Tuesday
8:00AM - 4:00PM
Wednesday
8:00AM - 4:00PM
Thursday
8:00AM - 4:00PM
Friday
8:00AM - 4:00PM
Saturday
Closed