PenFed Mortgage Refinance Review

Rating: 3.8 / 10 (Poor)
Disclosure: We receive advertising revenue from some partners. Learn more.
How is PenFed rated?
Mortgage Types
Mortgage Related Fees
Financial Reputation
Reviews and Support Service

PenFed is a credit union dedicated to helping its members get access to financial services nationwide. It currently has over 1.4 million members and over $19 billion in assets. It is an equal housing lender and has helped members avail of home loans and mortgage refinancing services.


Types of Home Refinancing Mortgages

  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages
  • VA Fixed


Other home loan options

Home equity loans


Qualifying for Mortgage Refinance

  • Proof of income
  • Proof of assets
  • Complete accounting of debts
  • Proof of insurance
  • Personal information and background
  • Documents for special circumstances


Refinance Mortgage Rates

Mortgage Types


30 Year FRM


20 Year FRM


15 Year FRM


10 Year FRM


15/15 ARM

3.353% (initially)

5/1 ARM

3.042% (initially)

5/5 ARM

3.329% (initially)

At the day that the review was made and mortgage rates were checked, PenFed’s rate were lower or at least at par with national mortgage rates.


Why Mortgage Refinance at PENFED

PenFed lets homeowners take control of their mortgage payments by offering a variety of fixed, adjustable and VA programs. Applying for home refinancing is easy with its online application portal. Good mortgage rates and multiple mortgage options makes PenFed one of the better deals when it comes to home refinancing.  


Start your review for PenFed Mortgage Refinance

Latest Reviews

Loading Reviews ...
Lola B
Muskogee, Oklahoma
I'm about to change lenders to anyone. Penfed do not discloses all charges in home purchases, they clarification after the fact you submitted the whole docmentation, Incredibly all paper work would address in 2 or 3 days??? Why?