Navy Federal Credit Union Mortgage Review. Navy Federal Credit Union has a diverse mortgage program for any member of the Department of Defense and Coast Guard. You don’t just have to be in the Navy, you can be in any branch and be active-duty members, civilians, and even contractors. The mortgage lending arm of Navy Federal both originates.
Since 1933, Navy Federal Credit Union has grown from 7 members to over 8 million members. And, since that time, our vision statement has remained focused on serving our unique field of membership: "Be the most preferred and trusted financial institution serving the military and their families."
Navy Federal Credit Union has been open since 1947. It’s the largest credit union in Virginia and the largest in the United States with assets totaling $106.04 Billion and providing banking services to more than 8.63 Million members.
So I decided to go with Navy Federal Credit Union for my VA Home Loan because they were offering a great mortgage rate (beating my old standby USAA by about 0.5%).
Navy Federal Credit Union is a Virgina-based institution offering its members mortgages of varying types, the most interesting of which include loans that don’t require a down payment or private mortgage insurance. While the lender’s rates are high, their customer service is among the best.
· So how is Navy Federal pulling in hordes of young first-timers? By offering loans that address their needs – zero-down payments, no private mortgage insurance premiums, plus.
Navy Federal Credit Union Treated Me Like I Stole Something. I Just Moved to Texas And Open a Account. No Problems Then My Son Decided To Go Through Navy Federal Credit Union For A Mortgage When He Got His Account, He Put Me As A Co-Owner So I Could Help Take Care of Any Business.
Re: Navy Federal Credit Union minimum FICO score for mortgage We looked at this mortgage option recently too. The LO at our branch in San Diego didn’t give out much info without actually submitting an application, but she did say maximum DTI was 45% or lower, they want to see 6 months of PITI in reserves and above the low 700’s for both mid Ficos.
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