Pennymac Mortgage Review 2024 - NerdWallet

Pros Rates are on the low side, according to the latest federal data. An online tool makes it easy to customize a rate quote online, with no contact information required. “Lock & Shop” lets you secure a rate for up to 90 days while you house-hunt, and switch to a lower one if rates drop while you shop.Cons Origination fees are on the higher end, according to the latest federal data. Doesn't offer home equity lines of credit or renovation loans. Online chat is available only in the logged-in experience.Compare great mortgage lendersLenderMin. credit scoreMin. down payment4.5Visit Lenderat New American Fundingat New American Funding5803.5%Visit Lenderat New American Fundingat New American Funding5.0Visit Lenderat Rocket Mortgage, LLCat Rocket Mortgage, LLC5803.5%Visit Lenderat Rocket Mortgage, LLCat Rocket Mortgage, LLC4.5Visit Lenderat Betterat Better6203%Visit Lenderat Betterat Better4.5Visit Lenderat NBKCat NBKC6203%Visit Lenderat NBKCat NBKC4.0Visit Lenderat Prosperity Home Mortgagea...