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P
PennyMac
Verified4.4(2,918 reviews)
PennyMac is one of the top mortgage servicers in the US, offering competitive rates for purchase, refinance, and cash-out loans.
Rate Range
6.15% – 8.60%
Loan Amount
$50,000 – $3,000,000
Min Down Payment
3%
Time to Close
25–30 days
Available Loan Types
30yr Fixed15yr FixedFHAVAUSDAARM
Soft credit pull only · No impact to your score
✓Pros
- Highly competitive rates
- Accepts lower credit scores for FHA
- Cash-out refinance specialist
- USDA loans available
✗Cons
- •No HELOC product
- •Online-only for new customers
Eligibility Requirements
- Min credit score: 620 (conventional) / 580 (FHA)
- Stable 2-year employment history
- Min 3% down
Advertiser Disclosure: MyMortgageOnline may receive compensation from PennyMac and other lenders when you click links on our site. This does not influence our editorial ratings or reviews. Rates shown are estimates based on publicly available information and may not reflect current offers. Always verify rates and terms directly with the lender.