New Penn Financial Introduces One-dollar Mortgage Closing

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Along with today’s historically low rates, home buyers and homeowners have an additional money-saving opportunity. Leading mortgage lender New Penn Financial, LLC has implemented a one-dollar closing deal that is available now and will be offered for a limited time.

Along with today’s historically low rates, home buyers and homeowners have an additional money-saving opportunity. Leading mortgage lender New Penn Financial, LLC has implemented a one-dollar closing deal that is available now and will be offered for a limited time.

Approved borrowers pay just one dollar in closing costs, potentially savings themselves thousands of dollars. All fees associated with a mortgage closing have been eliminated, such as those for origination, underwriting, title insurance and appraisal. There are no points or hidden fees, either.

As part of the program, the company is also offering competitive fixed rates as low as a 4.25% (4.25% APR)*.

New Penn’s President and CEO, Jerry Schiano, said, “This promotion couldn’t come at a better time for many consumers who can now avoid upfront costs and still have a monthly payment that they can afford. Response to the program, which we just launched, has been strong. And response is coming from refinance customers, too, many of whom are paying down mortgages above 5 percent. We can definitely save them money.”

New Penn was founded in 2008 on the idea of combining low mortgage rates with exceptional customer service. The one-dollar closing deal is in keeping with the company’s brand promise.

About New Penn Financial: New Penn Financial, LLC is a leading nationwide lender that serves diverse consumers with a customer-focused, responsive and reliable lending approach. Providing borrowers with expertise and personal attention, the company offers some of the lowest mortgage rates available on a full suite of products and programs, which include fixed-rate loans, adjustable rate mortgage loans (ARMs), jumbo loans, FHA mortgages and more. Founded in 2008, New Penn is headquartered in Plymouth Meeting, Pennsylvania and operates regional offices across the country. The company is licensed to operate in 43 states. More information is available at http://www.newpennfinancial.com and on social media sites: http://www.twitter.com/newpennllc and http://www.facebook.com/newpennfinancial.

Important disclosures: *For first mortgage 15-year term fixed rate only. FICO > 700 and Loan Amount > $150k. Standard loan-to-values apply. Taxes and insurance escrow and daily interest are not included. Interest rate may be higher than that of other loan programs. Appraisal fee refunded at closing. Rates subject to change daily. Offer not available for NY borrowers. Example: on $200k loan, 180 monthly payments of $1,504.56. Payments don't include amounts for taxes and insurance. Actual payment obligation will be greater. Equal Housing Lender. Corporate NMLS #3013.

CA - Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. CO - To check the license status of your mortgage loan originator, visit http://www.dora.state.co.us/real-estate/index.htm. GA - Georgia Residential Mortgage Licensee. MS- Licensed by the Mississippi Department of Banking and Consumer Finance. NH- Licensed by the New Hampshire Banking Department. NJ- Licensed by the N.J. Department of Banking and Insurance. NY- Licensed Mortgage Banker -- NYS Banking Department. OR- Oregon license number: ML-4667. PA- Licensed by the PA Department of Banking. VA- Virginia State Corporation Commission (license number: MC -5119).

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Jeff Frutkin
New Penn Financial, LLC
(484) 594-1203
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