- Home value estimate based on public data and other factors
- Zestimate® provided by Zillow
- Estimated price per square foot
- Detailed description of the home
- Sale history
- Sales of comparable homes nearby
The report provides two estimated market values for a home, both from leading providers.
Online home value tools are not a substitute for an appraisal. The ranges between estimates can vary greatly. Instead, they can provide a ballpark estimate useful when considering a home purchase or refinance.
How much is your home worth?
Found your dream home? Here are some great reasons to work with PennyMac:Not all applications will be pre-approved.
- Low, everyday rates
- Conventional, FHA, VA and flex-term options available
- A top 2 lender in the U.S.*
- A publicly traded, national lender with more than 7,300 employees (NYSE:PFSI)
*Based on results from Inside Mortgage Finance Q3 9/30/21. Includes PMT loan acquisitions, for which PFSI earns a fulfillment fee upon loan funding.
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|Address||Lot Size (sq. ft.)||Living Area (sq. ft.)||Beds||Baths||Sales Date||Sold Price|
DISCLAIMER: The data and valuations are provided as is without warranty or guarantee of any kind, either express or implied, including without limitation, any warranties of merchantability or fitness for a particular purpose. The existence of the subject property and the accuracy of the valuations are estimated based on available data and do not constitute an appraisal of the subject property and should not be relied upon in lieu of underwriting or an appraisal.
About Our Home Value Estimator
Whether you’re considering buying a new home or refinancing your existing property, getting a clear picture of the home’s value is a critical factor in making the right decision. PennyMac’s Home Value Estimator can take the address of a property and weigh multiple factors in order to give you a reliable estimate. In addition to the overall value, you also get estimated price per square foot, property details, sales history and value history. Our Home Value Estimator can be a great first step in determining how much a property is really worth.
Note that there are many factors that may have an effect on home value. While tools like this can account for neighborhood comps, trends in real estate markets and other factors, recent upgrades to a home or issues that might come up in an inspection are more difficult to account for with an automated valuation tool.
While you will still need an appraisal for most kinds of loans, the Home Value Estimator is a fast, free way to get an instant estimate that can be used to help you decide what to offer on a new purchase or how much equity you may have for a refinance.
From Our Blog
The U.S. Federal Reserve once again announced that the federal funds rate would remain at near-zero levels. This exact decision has been repeated at every single meeting of the Federal Open Market Committee (FOMC) since March 15, 2020, when the nation's central bank first announced it would lower rates to the astounding range of 0.00% - 0.25%. This historically low range for the rates at which banks can borrow money from one another was put in place in response to the coronavirus pandemic and its grip on economies worldwide, in an effort to foster a healthy economic recovery.
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