TYSONS, Va. – PenFed Credit Union launched PenFed Home, a program it said brings together mortgage solutions and a trusted network of real estate agents to help homebuyers find, finance and save.
In announcing the new offering, PenFed cited 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,” PenFed EVP Residential and Commercial Real Estate and President of PenFed Mortgage Winston Wilkinson said in a statement. “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.”
What’s Being Offered
The credit union said PenFed Home offers:
- Rates priced up to $10,000 lower than the nation’s largest lender
- 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, the $29-billion PenFed added.
