PenFed Lowers Mortgage Rates Again! 5/5 2.75%, 30 Yr 3.375% (Limited Time Offer) 09-06-2012

Tags: Money Home & Home Improvement house mortgage Finance > Banking Refinance penfed.org Finance > Financial Tools & Services Services > Financial Tools & Services Services loan

Page 1 of 42 (Results 1 - 15 of 623) 1 2 3 11 Next » Last

Posted 09-06-2012, 09:37 PM in

Rokket

L5: Journeyman

Posts: 620, Followers: 5 , Reputation: 1,670

Member Since: Jun 2011

+ Give Rep

+ Follow

Thanks for voting
You have chosen to thumb down this thread.

For feedback purposes, please select a reason:

Great deal

Thanks for voting
You have chosen to thumb down this thread.

+29 Score

Rate this thread:

Share This Voting Feedback

PenFed Lowers Mortgage Rates Again! 5/5 2.75%, 30 Yr 3.375% (Limited Time Offer)

Today I received an email from PenFed (Pentagon Federal Credit Union) touting new lower mortgage rates: "Limited-Time Offer -- PenFed Lowers Mortgage Rates AGAIN!"

The 5/5 adjustable rate mortgage is now just 2.75%, with no origination fees and PenFed paying closing costs up to $10K. (There's also the 5 year HEL with a 1.99% rate; the HEL rate is not new.)
https://www.penfed.org/55-Adjusta...-Mortgage/
https://www.penfed.org/Home-Equit...-Overview/

The 30-year fixed rate mortgage is now just 3.375%, with no origination fees (per fine print on the application page).
https://www.penfed.org/30-Year-Fixed-Mortgage/

PenFed used to charge a 1% origination fee on all fixed rate mortgages, but right now the 30-year fixed rate mortgage seems to be exempt!

There are many ways to join PenFed; for example, you can make a donation to the National Military Family Association. The PenFed website has further details: https://www.penfed.org/

Attached Thumbnails

55ARM-ProductDetail-09062012.jpg
30.3 KB / 2714 views

FB-HomeEquity.jpg
13.8 KB / 329 views

150x200_Mortgage_30yr_PFOLLoggoff(1).gif
17.4 KB / 380 views

Last edited by widgit; 09-07-2012 at 03:17 AM.. Reason: added general deal pictures

Add to List

Multi-Quote

Quote

Related Deals People who viewed this deal also viewed these similar deals.

09-06-2012, 09:37 PM
Guests, join the SlickDeals.net Community for free to remove this ad.

Link to this Wiki

Wiki Community Board
This can and should be used by you to post updated deal information.
Be sure to read this because it may contain answers to your questions!

EVEN BETTER! PenFed 5/5 down to 2.5% with 0 points

...
A good site to follow daily rate movements and lender intraday price movements: http://www.mortgagenewsdaily.com/mortgage_rates/
...

PenFed Calculator
https://penfed.mortgagewebcenter....asp?PID=22

This post can be edited by most users to provide up-to-date information about developments of this thread based on user responses, and user findings. Feel free to add, change or remove information shown here as it becomes available. This includes new coupons, rebates, ideas, thread summary, and similar items.

Once a Thread Wiki is added to a thread, "Create Wiki" button will disappear. If you would like to learn more about Thread Wiki feature, click here.

Last edited by rdmustang1; 05-01-2013 at 08:12 AM.. Reason: Addition of information

09-06-2012, 09:48 PM

franzcatch L6: Expert Member sinceOct 2006 Posts1,753 LocationSaint Louis, MO Reputation 1,260 Followers 1 + Give Rep	I love PenFed. Never any issues with them and they have the best customer service. Deal seeker!
	Add to List Reply Multi-Quote Quick Reply

09-06-2012, 10:03 PM

Rokket

L5: Journeyman

Original Poster

Member sinceJun 2011
Posts620
Reputation 1,670
Followers 5

+ Give Rep

Quote from franzcatch

I love PenFed. Never any issues with them and they have the best customer service.

I agree. I used to have a mortgage with PenFed and never had any problems/issues at all.

Add to List

Multi-Quote

Quick Reply

09-06-2012, 10:15 PM

surferjd L2: Beginner Member sinceNov 2005 Posts82 LocationFlorida Reputation 18 Followers 0 + Give Rep	click to join and choose none of the above: https://netmember3.penfed.org/Net...ility.aspx
	Add to List Reply Multi-Quote Quick Reply

09-06-2012, 10:19 PM

vidyasri L5: Journeyman Member sinceNov 2011 Posts606 Reputation 719 Followers 4 + Give Rep	so what are the other charges involved? no cost refinance??
	Add to List Reply Multi-Quote Quick Reply

09-06-2012, 10:25 PM

mmlovers90 L2: Beginner Member sinceAug 2008 Posts61 Reputation 33 Followers 0 + Give Rep	We just did a refi on our home two weeks ago with Pedfed...15 year fixed rate VA loan for 2.75%! Excellent service from them...would highly recommend!
	Add to List Reply Multi-Quote Quick Reply

09-06-2012, 10:28 PM

Enchiladas

L1: Learner

Member sinceJun 2009
Posts10
Reputation 69
Followers 0

+ Give Rep

Quote from vidyasri

so what are the other charges involved? no cost refinance??

That's what I'm wondering. My current loan is through Penfed at 4.675%, and we're going to be in this home for 6-8 more years. Is it worthwhile for me to refinance?

Add to List

Multi-Quote

Quick Reply

09-06-2012, 10:30 PM

Rokket

L5: Journeyman

Original Poster

Member sinceJun 2011
Posts620
Reputation 1,670
Followers 5

+ Give Rep

Quote from vidyasri

so what are the other charges involved? no cost refinance??

The 5/5 adjustable rate mortgage is a no-cost refinance, as far as I can tell. The 30-year fixed rate mortgage does have closing costs, but no origination fees/points. If you click the green "get started" button, you'll see the FAQs which detail closing costs. PenFed does NOT charge any application fees or processing fees. Hope this helps!

Last edited by Rokket; 09-06-2012 at 10:38 PM..

Add to List

Multi-Quote

Quick Reply

#10

09-06-2012, 10:35 PM

atsang L2: Beginner Member sinceApr 2007 Posts47 LocationAustin Reputation 22 Followers 0 + Give Rep	How does this compare to Box Home Loans? Cheap Ass Asians blog [cheapassasians.com]
	Add to List Reply Multi-Quote Quick Reply

#11

09-06-2012, 11:24 PM

mychaluva

L4: Apprentice

Member sinceJul 2005
Posts301
Reputation 85
Followers 0

+ Give Rep

I found an article saying that $3k was a realistic estimate for closing costs. Does anyone have a better figure. This would be for a 30 year refi of a $190K mortgage in TX.

If that $3K estimate is correct, the Bankrate refi calculator estimates my payment to drop about $225 and my closing cost break-even point is at just over 13 months with 27+ years left on the loan. That's pretty much a no brainer. Thanks... I'll be starting this process this weekend.

Add to List

Multi-Quote

Quick Reply

#12

09-06-2012, 11:39 PM

LightningDemon

L4: Apprentice

Member sinceMay 2008
Posts417
Reputation 89
Followers 0

+ Give Rep

Quote from franzcatch

I love PenFed. Never any issues with them and they have the best customer service.

Quote from Rokket

I agree. I used to have a mortgage with PenFed and never had any problems/issues at all.

I am currently renting, wouldn't want to put anything down, and have a credit score of about 745.

Do you think I would qualify for this Penfed? I know little about it other than seeing it listed on creditboard forums... but Im tired of renting... for the money I spend a month, I WANT SOMETHING TO SHOW FOR IT!

Thanks, Smilie

Add to List

Multi-Quote

Quick Reply

#13

09-06-2012, 11:45 PM

ishitalot

L3: Novice

Member sinceApr 2010
Posts264
Reputation 113
Followers 0

+ Give Rep

Quote from LightningDemon

I am in the hunt for a house also. One thing I learned is that lenders are very susceptible to a 20% down payment. So, if you have the money, you have a very good chance of being approved for a loan.

Add to List

Multi-Quote

Quick Reply

#14

09-07-2012, 12:06 AM

sukh Got a little SD in ya? Member sinceMay 2004 Posts998 LocationParrot Islands Reputation 214 Followers 0 + Give Rep	very good deal! www.laplacemarketing.com
	Add to List Reply Multi-Quote Quick Reply

#15

09-07-2012, 12:21 AM

8mpg

L6: Expert

Member sinceDec 2009
Posts1,260
Reputation 225
Followers 0

+ Give Rep

Quote from LightningDemon

Mortgages has way more to do with your income than credit score. Your debt to income ratio plays a HUGE amount in the decision process. Monthly income vs monthly debt obligations, credit, property taxes, assessment, etc...

Add to List

Multi-Quote

Quick Reply

Page 1 of 42 (Results 1 - 15 of 623) 1 2 3 11 Next » Last

Text Size:	Increase	Decrease
Page Width:	Fixed	Wide
Site Theme:

Great deal	83%
Not a good price	7%
Not a good product	5%
Unable to replicate deal	2%
Other	2%

Thread Tools	Search this Thread
Show Printable Version Email this Page Subscribe to this Thread	Search this Thread: Advanced Search

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Mortgages: Refinance or Purchase at 3.125% with $0 closing costs or even a credit towards closing with Box Home Loans	bryantq	Hot Deals	511	05-07-2013 05:03 AM
Igloo - 5.2 Cu. Ft. Chest Freezer - Seashell White $169.99 @bestbuy.com	sidosd	Hot Deals	2	08-20-2012 11:24 PM
5-0 Radio Pro Police Scanner iOS app on sale for $.99 (was $2.99) rated 4.5 stars for iPhone	Sleekestdealer	Hot Deals	25	06-07-2012 01:27 PM
Synology DS212J DiskStation 2Bay 3.5 2.5inch SATA 1.2GHz NAS Server $199.99 with free shipping	frostycarat	Hot Deals	11	11-28-2011 05:02 PM
Klipsch Lightspeaker System 5.2.2 Architectural Speaker Pair $249 at Newegg and Amazon	kiwijaws	Hot Deals	1	04-27-2011 07:55 PM

Nearby Cities

Popular Cities

View All Coupons

View All Stores

Deal Forums

Deal Discussion

General Discussion

Slickdeals Related

Tools

About Slickdeals

Legal

Need Help?

PenFed Lowers Mortgage Rates Again! 5/5 2.75%, 30 Yr 3.375% (Limited Time Offer)