Pennymac is a nationwide lender offering a number of home loans, including:
- Adjustable-rate mortgages
- Fixed-rate mortgages
- Conventional mortgages
- FHA mortgages
- Mortgage refinancing
- USDA mortgages
- VA mortgages
APR – Fixed Rate | Conventional 20-Year Fixed – 6.875%
Conventional 30-Year Fixed – 6.999% FHA 20-Year Fixed – 6.625% FHA 30-Year Fixed – 6.625% Jumbo 30 Year – 6.500% VA 20-Year Fixed – 6.625% VA 30-Year Fixed – 6.625% These home loan rates are based on certain assumptions that may differ from your specific financial needs. Rates valid on: Wednesday, Oct. 26, 2022, 7:01am PDT and are subject to change without notice. Your actual rate may change dependent on a variety of financial factors. |
Refinance – Fixed APR | Conventional 20-Year Fixed – 7.125%
Conventional 30-Year Fixed – 7.375% FHA Streamline 30-Year Fixed – 6.375% Jumbo 30-Year Fixed – 6.750% VA IRRRL 20-Year Fixed – 6.125% VA IRRRL 30-Year Fixed – 6.125% These home loan rates are based on certain assumptions that may differ from your specific financial needs. Rates valid on: Wednesday, Oct. 26, 2022, 7:01am PDT and are subject to change without notice. Your actual rate may change dependent on a variety of financial factors. |
Other Fees | $25 returned check or payment fee
Variable late payment fee depending on loan type and state laws. |
Pennymac is a direct mortgage lender offering a number of different loan types and specializing in VA loans. In addition to purchase loans they also write refinance loans, and have terms of 15/20/30 years on their fixed rate mortgage loans. Borrowers can choose between fixed rate loans and ARMs, with a number of initial rate terms lasting from 5-10 years. The terms offered are standard for the industry, plus Pennymac offers some waived and discounted fees at times to make their loans more attractive.