Pen Fed Credit Union Overview

Lender Summary

Pen Fed Credit Union is a national lender serving consumers in 50 states and provinces. Pen Fed Credit Union offers a broad range of product offerings including conventional fixed mortgages in 10, 15, 20, and 30 year terms. In addition, Pen Fed Credit Union offers 30 year adjustable rate mortgages (ARMs) in 10, and 15 year terms - Adjustable Rate Mortgages will stay at a fixed rate for an introductory period. After the introductory period, the payment and rate will change with current mortgage rates. For former or active members of the military, Pen Fed Credit Union offers VA loans which can offer low down payments and zero primary mortgage insurance (PMI).

States Served

Pen Fed Credit Union is a national lender serving customers in all 50 states and the District of Columbia.

Lender Fees

Lender fees include processing, underwriting, application, and origination charges. Unlike processing, underwriting, and application fees, an origination fee is based off a percentage of the loan amount similar to a discount point. Pen Fed Credit Union has the following FIXED charges for each loan originated: processing - $0, underwriting - $0, application - $0. Pen Fed Credit Union charges an origination fee of 1% of the total loan amount.