Pennymac Loan Services Mortgage Rates, Fees & Info

4.1 stars - Updated: 7/13/25 - out of 5 stars, based on 259 reviews

Review & Overview

Pennymac Loan Services is a large mortgage company specializing in Home Purchase and Refi loans. Pennymac Loan Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Los Angeles, Washington, Atlanta, and Seattle among others. We have data for 891 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pennymac Loan Services has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Pennymac Loan Services is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	7.05%	7/13/25
30 Year Conventional Refi	6.77%	7/13/25
30 Year Cash-out Refi	7.40%	7/13/25
30 Year FHA Purchase	7.09%	7/13/25
30 Year FHA Refi	6.83%	7/13/25
30 Year VA Purchase	6.24%	7/13/25
30 Year VA Refi	5.83%	7/13/25
30 Year USDA Purchase	6.72%	7/13/25
30 Year USDA Refi	6.52%	7/13/25
15 Year Conventional Purchase	6.04%	7/13/25
15 Year Conventional Refi	5.72%	7/13/25
15 Year Cash-out Refi	5.72%	7/13/25
15 Year FHA Purchase	6.00%	7/13/25
15 Year FHA Refi	6.11%	7/13/25
15 Year VA Purchase	5.88%	7/13/25
15 Year VA Refi	6.00%	7/13/25
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Pennymac Loan Services Mortgage Calculator

Originations

67,294

Origination Dollar Volume (All Markets)

$22,671,420,000

Awards