Pennymac
Secondary Market Lender
Pennymac is a national mortgage lender that offers a wide range of loan products, including jumbo loans. These loans are designed for borrowers looking to finance larger homes or properties and typically require a larger down payment and a higher credit score. Pennymac's Jumbo Loan program offers competitive rates and flexible terms, making it an attractive option for borrowers looking for a larger loan amount.
First Mortgage Programs Offered by Pennymac
Pennymac AUS Jumbo Purchase Loan
Best For: Large Down Payments, Large Loan Amounts, High Credit Scores
Pennymac's fixed-rate jumbo mortgage options can go up to $3 million with down payments as low as 10.01%.
Min. Credit Score
700
Min. Down Payment
10.01%
Max. Loan Amount
$3,000,000
Pennymac AUS Jumbo Rate-and-Term Refinance
Best For: Large Down Payments, Large Loan Amounts, High Credit Scores
Pennymac's fixed-rate jumbo refinancing options can go up to $3 million and has options for those with as little as 10.01% equity in their property.
Min. Credit Score
700
Min. Equity
10.01%
Max. Loan Amount
$3,000,000
Pennymac AUS Jumbo Cash-Out Refinance
Best For: Large Loan Amounts, High Credit Scores, Cash-Out
Cash-out jumbo refinance option from Pennymac for loan amounts up to $3 million; max cash-out amount is $500,000.
Min. Credit Score
700
Min. Equity
20%
Max. Loan Amount
$3,000,000
Up to 80% of Value Estimated Cash-Out Opportunity
See If You Qualify for Pennymac Loans
* ReviewMyMortgage.com Inc. is in no way affiliated with or endorsed by Pennymac or any of its subsidiaries. We are an educational resource website that compiles information on different financing institutions and the loan products they offer in the United States.
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