Conventional Home Loans

Conventional Loans Give Homeowners Many Options

PennyMac Conventional Loan Options

PennyMac Loan Services, LLC offers a variety of conventional loan options to suit a wide range of our customer’s needs. Whether you’re looking for the security of a fixed rate mortgage or the potential for early savings with an ARM (adjustable rate mortgage), we’ll work with you to find the right loan for your individual needs.

As one of the largest direct lenders and servicers in the country, we are committed to offering our customers great service and some of the best rates in the industry.

What is a Conventional Home Loan?

PennyMac's conventional mortgages are a type of mortgage that meets the underlying terms and conditions of Freddie Mac and Fanny Mae's funding criteria.

One kind of conventional home loan is a “fixed-rate” mortgage, which is a mortgage with an interest rate that won’t change for the life of the loan. PennyMac offers fixed-rate mortgages in wide variety of terms.

An adjustable rate mortgage, or ARM, is alternative to fixed-rate mortgage. An ARM loan will be locked for a limited amount of years and then adjust every year after that initial period. PennyMac offers a variety of ARMs, which can often be attractive to homeowners who don’t plan on being in their home longer than the initial period or are comfortable with the risk of the rate adjusting.

Learn more more about PennyMac’s conventional loan products by calling us at (866) 549-3583 today for a no-obligation home loan consultation.

Find Out Which Conventional Loan is Right for You

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