Buying and selling a home just got easier
More than a home loan. A lot more.
Closing credit up to $1,5001
Powerful homebuyer and seller tools
Nationwide network of real estate agents
Save time and money with the PenFed Homes Program!
Whether you're buying or selling a home (or both!), you can take advantage of these benefits and more when you team up with our home loan specialists and nationwide network of top real estate agents.
Contact us to learn more! 1-833-661-1617
Buying a home
Receive up to $1,5001 at closing!
Get up to a $1,5001 broker-paid closing credit when you work with PenFed and a nationwide network of qualified real estate agents to purchase your home.
PenFed Exclusive: Power Buyer
Set yourself apart from other homebuyers with a full up-front approval2 (Power Buyer Certification) and Lock While You Shop options.4
Selling a home
Sell your home on your terms!
Traditional Listing
List your home on the market with the professional guidance of a trusted real estate agent.
Immediate Offer3
Sell with certainty in as few as two weeks — without the time and hassle of putting your home on the market. You can also take advantage of:
- Guaranteed Sale.3 Receive an up-front offer now and take up to 150 days to list your home and consider other offers.
- Leaseback.3 Sell your home in as little as two weeks, then stay for as long as you need to find your next home.
Disclosures
1Members are eligible to receive the real estate broker-paid closing credit when their transaction is completed with both PenFed mortgage and the referred PenFed real estate network agent to purchase their new home. Member must use the PenFed qualified real estate network agent assigned to member to close their real estate transaction. If member has already closed on a property or is currently using, and wishes to continue using, an unqualified PenFed network real estate agent, member will not qualify for this benefit. Real estate broker-paid closing cost credit will be $1,000 for purchase prices less than $700,000 and $1,500 for purchase prices greater than or equal to $700,000. Credit must be listed on the sales contract or addendum, and on the final Closing Disclosure (CD). Members can obtain lender and real estate services separately, but the real estate broker-paid closing cost credit will not apply. The seller and/or other credits must be reduced if the loan has reached the maximum allowable credit limit per the loan product.
Due to state guidelines the real estate broker-paid closing cost credit is not available in AK, IA, KS, LA, MO, MS, OK, OR, or TN.
2Power Buyer Certification is contingent on a full underwriting review and approval of loan documentation and other creditworthiness conditions. Offering is subject to change at any time; some loan programs may be excluded. Talk to a PenFed Mortgage Loan Officer for additional details.
3Available for qualified participants and properties. Subject to terms and conditions.
4Power Buyer Lock While You Shop is applicable to first mortgage pre-approval home purchases that have received approve/eligible finding. Not applicable on HELOC or refinance transactions. To ensure timely closing within the rate lock period, the borrower should provide an executed sales contract and full property address to PenFed within the initial 30 days of the lock period. Extending a rate lock is subject to applicable rate extension fees to be paid at closing. Offering is subject to change at any time; some loan programs may be excluded. Talk to a PenFed Mortgage Loan Officer for additional details.
To receive the advertised product, you must become a member of PenFed Credit Union, which is federally insured by the NCUA.