Did this coupon
work for you?
work for you?
Forum Thread
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/
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/
in
Finance
(11)
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Community Wiki
Last Edited by rdmustang1
May 1, 2013
at
08:12 AM
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.mortgagenew
...
PenFed Calculator
https://penfed.mortgage
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.
...
A good site to follow daily rate movements and lender intraday price movements: http://www.mortgagenew
...
PenFed Calculator
https://penfed.mortgage
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.
703 Comments
Your comment cannot be blank.
Sign up for a Slickdeals account to remove this ad.
All my documentation seems to point to this.
The rate lock request says "We have received your request to lock in your mortgage rate at 3.375% with .250 buy down (points)."
The GFE/"Your charge for this interest rate" paperwork seem to agree.
However, the mortgage processor is claiming I have _zero_ buy down points, and the .25 points I'm seeing that are listed as buydown points are actually Fannie Mae LLPA adjustments. She says EVERY 80+% LTV fixed loan they give out comes with LLPA of at least .25 points.
So I have to ask the community -- has anyone gotten a recent 30 year mortgage from Penfed at 80+% LTV and not paid any charge for the interest rate they received? ( "0" in "your charge for this interest rate" in section 2, page 2 of the GFE? )
NotReal, what were the final numbers of your Homeowners Estimate of Value, Value from Full Interior Appraisal, Value from Exterior Only Drive-By Appraisal and the loan amount?
Please PM me if you don't want to post.
Yes, FFSi is licensed in the state of Oregon. Rates are still low today even though the markets are close. Apply today at www.ffsmortgage
For all of you shopping for mortgages, pricing is very attractive today. Don't hesitate to visit First Financial Services website at www.ffsmortgage
Sign up for a Slickdeals account to remove this ad.
Same here . I applies in August and still not closed. No responses to emails or voicemails. By any chance, the person you are dealing with has a first name that starts with G and last name with B?.
If you have not had your appraisal yet you would only be out about $65. If you can find a lender that has a better rate (lower payment) than what you have with PenFed - it is a not brainer
I walked away from PenFed, found a better deal with First Financial Services and closed within 29 days from start to finish. In my case I saved over $1,000 in closing costs and shaved $40 off the monthly payment compared to what I had with PenFed
I referred to 3 of my friends, one closed last week, and another closing next week.
If you have clean record go with AmeriSave.
Sign up for a Slickdeals account to remove this ad.
I referred to 3 of my friends, one closed last week, and another closing next week.
If you have clean record go with AmeriSave.