PennyMac Loan Services Overview
PennyMac Loan Services is a national lender serving consumers in 50 states and provinces. PennyMac Loan Services offers a broad range of product offerings including conventional fixed mortgages in 15, 20, 25, and 30 year terms. PennyMac Loan Services also offers FHA mortgages to accomodate borrowers with lower credit scores as well as low down payments (to find out more about the low down on FHA Mortgages click HERE).
PennyMac Loan Services is a national lender serving customers in all 50 states and the District of Columbia.
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. PennyMac Loan Services has the following FIXED charges for each loan originated: processing - $1,100, underwriting - $0, application - $0. PennyMac Loan Services does not charge an origination fee.