Joy Lake

Promotions are in effect for completed applications on or after December 28, 2018 and subject to change without notice. Only purchase transactions are eligible for promotions. To receive any advertised product or service, you must become a member of PenFed.

On eligible fixed-rate and adjustable rate mortgages, PenFed will give a promotional credit of .50% of the loan amount not to exceed $20,000. To receive the maximum amount offered of $20,000, the loan amount must be $4 million. The average promo savings is $1,416 as a lender credit. Available when obtaining an eligible mortgage through PenFed, using a network real estate agent and using our affiliate title providers. In states where PenFed does not have an affiliated title company, and in Florida, New York and Texas, members can choose their own title company and still be eligible for the promotion. The application of additional loan level pricing adjustment will be determined by various loan attributes to include but not limited to the loan-to-value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing. Promotion available for the purchase of a primary residence, second home and investment property only. Other restrictions may apply.

On eligible fixed rate VA mortgages, PenFed will give a promotional credit of .50% of the total loan amount. The average promo savings is $1,416 as a lender credit. Loan amounts available up to Department of Veterans Affairs' (VA) 2018 loan limits for the One-Unit Limit. While a veteran may use the promotion to acquire a property up to 2-units in size, the total loan amount will be based on the One-Unit (single-family residence) limit for the county in which the collateral is located. Veteran may finance the funding fee and still be eligible for the promotional credit even if the addition of the financed funding fee exceeds the county loan limit. Available when obtaining an eligible mortgage through PenFed, using a network real estate agent and using our affiliate title providers. In states where PenFed does not have an affiliated title company, and in Florida, New York and Texas, members can choose their own title company and still be eligible for the promotion. Promotion available for the purchase of a primary residence. Applicant is responsible for VA funding fee. Other restrictions may apply.