PenFed Launches 'PenFed Home' to Support Homebuyers Finding, Financing and Saving on Home Purchases

PenFed Credit Union, one of the nation's largest federal credit unions, launched PenFed Home1 which brings together mortgage solutions and a trusted network of real estate agents to help homebuyers find, finance and save. PenFed recently commissioned a new survey conducted by Atomik research that found nearly (36%) of homebuyers say finding a home and working with a real estate agent is their top worry.

"The launch of PenFed Home marks a significant development for prospective homebuyers nationwide, offering timely solutions at the onset of the busiest homebuying season," said PenFed EVP Residential and Commercial Real Estate and President of PenFed Mortgage Winston Wilkinson. "By offering mortgage options with a network of seasoned real estate agents, PenFed is directly responding to the pressing affordability challenges and complexities facing today's buyers. We are thrilled to introduce PenFed Home as a comprehensive resource to empower homebuyers on their journey. Our goal is to make the process of purchasing a home more streamlined and accessible, ensuring homebuyers receive exceptional value and support every step of the way,"

PenFed Home offers:

• Rates priced up to $10,000 lower than the nation's largest lender.2
• Support from a network of real estate agents and loan officers every step of the way.
• A Very Important Buyer (VIB) program, providing buyers the benefit of paying no origination or appraisal fees3 when they choose to combine real estate agent services and mortgage.

​The recent study also found 38% of potential homebuyers say price is their biggest concern while 26% say securing a mortgage is their biggest concern.

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