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HOW IT WORKS
STEP 1:
To learn more, FILL OUT OUR BASIC FORM. Let us connect you with one of our real estate agents in our national network.
STEP 2:
Review PENZIOX Real Estate Rewards mortgage products.
STEP 3:
Once you purchase your home with our Real Estate Rewards program your benefit will reduce your closings costs.
When you take advantage of PENZIOX's Real Estate Rewards, you can save thousands when you use certain eligible mortgage products to purchase your homes:
- For 5/5 and 15/15 Adjustable Rate Mortgages:
- For Eligible Fixed-Rate Mortgages:
- Veterans: for the 30 Year Fixed VA Loans:
PENZIOX will give a promotional credit of 1.5% of the loan amount up to $10,0001.
Pay no origination fee2 - which could save you thousands.
PENZIOX Promotional credit of 1.000% of the Total Loan Amount3.
Call 1-800-556-8077 to learn more.
DISCLOSURES:
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Promotions are in effect as of January 5, 2018 and subject to change without notice. Only purchase transactions are eligible for promotions. To receive any advertised product or service, you must become a member of PENZIOX.
1 On certain adjustable rate mortgages, PENZIOX will give a promotional credit of 1.5% of the loan amount not to exceed $10,000. Available when obtaining an eligible mortgage through PENZIOX, using a network real estate agent and using our affiliate title providers. In states where PENZIOX does not have an affiliated title company, and in Texas and New York, members can choose their own title company and still be eligible for the promotion. Promotion available for the purchase of a primary residence or second home only. Other restrictions may apply.
2 For eligible fixed-rate mortgages, you pay no origination fee. Available when obtaining the eligible mortgage through PENZIOX, using a network real estate agent and using an affiliated title provider. In states where PENZIOX does not have an affiliated title company, and in Texas and New York, members can choose their own title company and still be eligible for the origination fee waiver. The application of additional loan level pricing adjustments will be determined by various loan attributes to include but not limited to the loan-to-value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.
3 On certain fixed rate VA mortgages, PENZIOX will give a promotional credit of 1% of the loan amount. Loan amounts that exceed the 2018 conforming loan limit of $453,100 are not eligible for this promotion. Veteran may finance the funding fee and still be eligible for the promotional credit even if the addition of the financed funding fee exceeds the conforming loan limit. Available when obtaining an eligible mortgage through PENZIOX, using a network real estate agent and using our affiliate title providers. In states where PENZIOX does not have an affiliated title company, and in Texas and New York, members can choose their own title company and still be eligible for the promotion. Promotion available for the purchase of a primary residence. Applicant is responsible for VA funding fee. Other restrictions may apply.
Check out these examples of Real Estate Rewards
James in Maryland could save $4,440
with Real Estate Rewards.
Mortgage Type: Adjustable-Rate
Loan Amount: $296,000
Origination fee: $0.00
1.5% of loan amount : $4,440
Total Savings: $4,440
Ernest in Texas could save $2,680
with Real Estate Rewards.
Mortgage Type: Fixed-Rate
Loan Amount: $268,000
Origination Fee Waiver: $2,680
Total Savings: $2,680
SGT Grant in Oregon could save $2,758.11
with Real Estate Rewards.
Mortgage Type: Fixed VA Conforming Mortgage
Loan Amount: $275,811
Origination fee: $0.00
1% of loan amount : $2,758.11
Total Savings: $2,758.11
Annie in Delaware could save $10,000
with Real Estate Rewards.
Mortgage Type: Adjustable-Rate
Loan Amount: $675,000
Origination fee: $0.00
1.5% of loan amount : $10,125.00
Total Savings: $10,000
KEY TERMS
ORIGINATION FEE
The fee that a mortgage lender charges to create a mortgage secured by real property
CLOSING COST
The total of all the items that must be paid at closing related to your new mortgage.
ADJUSTABLE RATE MORTGAGE
An adjustable rate mortgage, commonly referred to as an ARM, is a loan type that allows the lender to adjust the interest rate during the term of the loan. Generally, these changes are determined by a margin and an index so that the interest rate changes, up or down, are based on market conditions at the time of the change. Most often these interest rate changes are limited by a rate change cap and a lifetime cap. If you apply for an adjustable rate mortgage, the lender is required to provide you with an ARM Program Disclosure which spells out the terms of the loan.
TITLE COMPANY
A company that specializes in examining titles to real estate and issuing title insurance.
To be eligible for these promotions you must complete the Real Estate Rewards Contact form or contact us at 1-800-556-8077 to be assigned to a network real estate agent through our national referral network. You are also required to use the services of an affiliate title provider.
CALL 1-800-556-8077 TO LEARN MORE