Products & programs

Competitive Features
Perfect Rate™
Perfect Term™
OPTIMIZE™
Net Escrows

Pennymac is proud to provide programs and processes that many others simply don’t have access to. These differentiators make you, our broker partners, more competitive in the market and more successful on your loans.

Feature
Highlights
Feature
Perfect Rate™

Don’t get stuck selling rates at the eighths! Pennymac has the most sophisticated pricing engine in the industry, along with top experts in capital markets. This allows you to fine tune pricing to the thousandth for your customers on fixed-rate loans!

Highlights
  • Tailor rates to the thousandth
  • .321%, .917%, .888%? You name it!
  • Available on Conventional and Govt. fixed-rate loans(1)
Feature
Perfect Term™

With the ability to customize to the month, you can be confident your borrowers will get the Perfect Term for their situation.

Highlights
  • More flexibility = more successful solutions
  • 293 months? Sure!
  • Available on fixed-rate loans nationwide
Feature
OPTIMIZE™

A POWERful best-x solution engineered to provide the best possible mortgage insurance pricing for your borrowers. OPTIMIZE™ takes the guesswork out of the MI selection process.

Highlights
  • Automatically delivers the most competitive pricing
  • Lender-Paid - Best-x search between all LPMI options
  • Borrower-Paid - Best-x search between all BPMI options
  • Industry-leading MI rates
Feature
Net Escrows

With 2 million+ consumers in Pennymac’s servicing portfolio, certainly you run into loans we service. Together we can help those refinance customers by applying the funds from their existing impound account as a credit toward impounds on the new loan.

Highlights
  • Less cash to close!
  • Available on refinances of Pennymac loans
  • Escrow accounts are netted from the pay-off
  • Incredible benefit of working with one of the largest servicers in the industry

1May not be available for all note rates on Govt. loans. Call for more details.

Are you approved with Pennymac yet?

Loan Products
Conventional
  • DU and LPA allowed
  • Fixed rate & ARM (standard & high balance)
  • Flexible terms from 96 to 360 months
  • FICO down to 620 with AUS approval
  • Appraisal waivers accepted
  • Up to 97% LTV for first-time home buyers
  • HomeReady® program available: Learn More
  • Home Possible® program available: Learn More
  • HomeOne™ program available: Learn More
  • Manufactured Home Loan program available
  • Temporary Buydowns available: 3-2-1, 2-1, and 1-0, Min 660 FICO
FHA
  • Down payment assistance allowed from government agencies
  • Fixed rate & ARM (standard & high balance)
  • Flexible terms from 96 to 360 months
  • No appraisal needed for FHA Streamline refinances
  • FICO down to 580 with AUS approval
  • Manual Underwriting available when submitted to Total Scorecard, 620 FICO Minimum
  • Temporary Buydowns available: 2-1 and 1-0, Min 660 FICO
VA
  • Fixed rate & ARM (standard & high balance)
  • Loan balances up to $2M with qualifying VA Guarantee
  • Flexible terms from 120 to 360 months
  • LTV up to 100% on purchase, up to 100% on Cash-Out and unlimited on IRRRL
  • Temporary Buydowns available: 3-2-1, 2-1, and 1-0, Min 660 FICO
Jumbo
  • AUS Underwriting (DU and LPA allowed)
  • Fixed Rate, Max 89.99% LTV
  • 15 to 30 years and Flexible Terms in between
  • Max loan amount of $3 million
  • Max DTI: 45%
  • Primary Residence, Second Homes 1 unit, and Investment Property 1-2 units only
Get started

Your success is our #1 priority. That's why we've built the best tools in the industry and backed them up with a team of leaders experienced in wholesale lending to support you every step of the way.

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