PenFed is the 2nd largest Federal Credit Union in the country and one of a few that operates in all 50 states. Anyone can join and no military affiliation is required. As a Credit Union, PenFed offers great rates that are usually better than what a traditional bank offers. As a member you will unlock great rates for mortgages, Credit Cards, Auto loans and many other products.
It got done near agreed rate (Fed went up during)
It requires persistence as they request more documents and for you to write 2-3 letters describing your intent of funds use.<br />The Drive By appraisal came in over $55,000 lower than expected, and the percent that Pen Fed was willing to loan was more like 70% of the lower appraisal, dropping the loan from an expected $75,000 to $36,500....<br />
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Not everything is as it seems !!
Misleading and Presumptuous <br />Bait and Switch Advertising Ordeal <br />Not Everything Is As It Seems To Be !!
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Great and reliable service!
The loan closing was easy and they answered any questions that I had. Great company to deal with! They actually extended my first payment out without me asking. That is something I really appreciate!
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The LendingTree Certification Program recognizes Lenders and Loan Officers with outstanding performance on the LendingTree Network, they are committed to providing exceptional customer service and are graduates of LendingTree University.
