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 mortgage refinancing to borrowers in 50 statess across the USA (and Washington, DC).

What range of mortgage balances will New Penn Financial refinance?

Mortgage refianancing loans start at $50000 and go up to $3000000

What is the maximum loan term for a mortgage refinance via New Penn Financial?

The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. New Penn Financial offers mortgages refinancing with terms ranging from 10 to 30 years.

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 home 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
  • USDA
  • 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
  • Secondary homes and vacation properties
  • Rental properties
  • Inestment properties and house flipping projects 

  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Rental Property
    • Secondary Home
  • Loan Amount
    $50000 - $3000000
  • Loan Term (Years)
    10 - 30
  • APR
    Starting at 3.458%
  • Terms
    3/1, 5/1, 7/1, 10, 15, 20, 30 years
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