buying a home
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The PennyMac Mortgage Blog is where you'll find unbiased, useful info to help save you money, time and peace of mind during the mortgage process. If you have a mortgage or are about to get one, we think you'll find info here you can't always get elsewhere.

09.09.20

The answer is, no. The down payment amount can vary depending on the type of loan for which you’re applying. Fortunately, there are numerous ways to save, as well as down payment assistance programs and other funding sources for buyers. We compiled a list of alternative options for your down payment. Let’s first see what the down payment amount is for the type of loan you’re looking at.

Read more about Do You Need 20% Down To Buy A Home?

09.02.20

Whether it’s a yard, garage, or pool, here are five often overlooked opportunities to consider while house hunting or updating your home to sell.

Read more about 5 Key Property Features When House Hunting

04.02.20

It’s one of the largest purchases you’ll ever make, and one that most people will only complete a few times in their entire life. It’s normal to feel intimidated and even confused by the home buying process.

Read more about 10 Simple Steps to Purchase a Home in 2020

04.01.20

So, you’ve finally found your dream house. Sure, it may need a little work — okay, a lot of work — but you’re confident it will all be worth it in the end.

Read more about How to Know if That Fixer-Upper Is a Money Pit

01.13.20

When you first start thinking about buying a vacation home, it’s easy to get excited by visions of poolside lounging, hosting fantastic parties, or even just relaxing alone. Owning a vacation home does, however, come with several considerations and commitments. Some of these critical factors are obvious, while others are issues that you might not be aware of. Here are four considerations that all second home buyers should keep in mind as they search, via trusted real estate experts who know the industry.

Read more about Buying a Vacation Home: 4 Critical Factors to Consider

01.09.20

With low down payments, low closing costs, and more flexible credit score requirements, it’s no wonder that nearly one in every five home purchases are made using an FHA Loan.

Read more about FHA Loan Requirements

01.08.20

We asked expert home organizers, professional movers, and even home designers for their help — read on to see how you can plan for both an easy to maintain home, and an organized move when the time comes.

Read more about Decluttering Your Home: The Ultimate Guide to Tidying Up

09.22.19

As you started shopping for your new home, did you make sure that you considered the needs of all of your family members — including those with paws and claws? More than half of U.S. households include pets, so making the home you are buying (or selling) welcoming to animal companions can definitely pay off. From quick fixes to bigger projects, read on for expert veterinary and home design advice on how to make your home pet-friendly.

Read more about How to Create a Pet-Friendly Home

08.30.19

Your home is typically one of your largest investments, and there are numerous ways that you can leverage this valuable asset in order to meet your goals. Subordinate mortgages, which can come in the form of a second mortgage, equity loan, or home equity line of credit (HELOC), can allow you to fund all types of projects.

Read more about Subordinate Mortgages: Everything You Need to Know