What types of loans does PennyMac offer?

PennyMac Loan Services offers various types of loans to suit different borrower needs. These include conventional loans, which follow guidelines set by Fannie Mae and Freddie Mac, and government-insured loans such as FHA, VA, and USDA loans. Conventional loans have fixed or adjustable rates, and borrowers can choose either conforming or jumbo loan options. FHA loans cater to borrowers with low down payments and flexible credit requirements, while VA loans are designed for eligible veterans, offering favorable terms and no mortgage insurance. Lastly, USDA loans provide assistance to borrowers in eligible rural areas with low to moderate incomes. The wide range of loan options offered by PennyMac ensures that borrowers can find a suitable mortgage solution tailored to their specific circumstances.