PenFed also offers a fixed-rate option, has no origination fees and does not require a minimum initial draw. However, borrowers will need to join the credit union, as well as pay an annual fee of $99.

Business Insider's personal finance team compared PenFed ... loans may increase after origination if the SOFR index increases. The SoFi 0.25% autopay interest rate reduction requires you to agree ...

Credit unions are nonprofit and member-owned, often making them an excellent ... forms and one to two months of pay stubs as proof of income. A jumbo loan from PenFed requires a credit score ...

Even if borrowers make consistent monthly payments ... Best for flexible repayment terms: PenFed Credit Union Best big bank alternative: SoFi® Student Loan Refinancing Undergraduate and graduate ...