Pennymac Loan Services Mortgage Rates, Fees & Info

4 stars - Updated: 1/13/25 - out of 5 stars, based on 217 reviews

Review & Overview

Pennymac Loan Services is a large mortgage company specializing in Home Purchase and Cash Out Refi loans. Pennymac Loan Services has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Atlanta, Los Angeles, Washington, and Dallas among others. We have data for 883 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 a high 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 relatively high 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	6.58%	1/13/25
30 Year Conventional Refi	6.42%	1/13/25
30 Year Cash-out Refi	6.68%	1/13/25
30 Year FHA Purchase	7.05%	1/13/25
30 Year FHA Refi	7.12%	1/13/25
30 Year VA Purchase	5.90%	1/13/25
30 Year VA Refi	5.62%	1/13/25
30 Year USDA Purchase	6.27%	1/13/25
30 Year USDA Refi	6.71%	1/13/25
15 Year Conventional Purchase	5.90%	1/13/25
15 Year Conventional Refi	5.98%	1/13/25
15 Year Cash-out Refi	5.98%	1/13/25
15 Year FHA Purchase	6.87%	1/13/25
15 Year FHA Refi	7.23%	1/13/25
15 Year VA Purchase	5.92%	1/13/25
15 Year VA Refi	5.78%	1/13/25
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

46,881

Origination Dollar Volume (All Markets)

$13,485,905,000

Awards