Navy Federal Credit Union Mortgage & Refinance Rates
When you bank with Navy Federal, you’re a member, not a customer. Unlike most banks, credit unions do not exist to make a profit. Credit unions spend any money they make to improve services for members and offer more affordable interest rates on mortgages. Not everyone can be a member of Navy Federal Credit Union, although those serving in most branches of the military are eligible. Family members also qualify for membership. Over 3.5 million members trust Navy Federal Credit Union. As the world’s largest credit union, with assets of over 4 billion dollars, Navy Federal Credit Union mortgage rates are very affordable for members.
Many Mortgage Options Available At Navy Federal Credit Union
The credit union provides a choice of many different mortgages to suit a variety of needs. To make obtaining a mortgage easier, members receive expert guidance to help them select the right mortgage for their unique situation. Navy Federal Credit Union’s reasonable mortgage rates offer a great value for members. The credit union does not make loans to make a profit. Any money made on loans goes to improve member services, offer lower interest rates and make loans to more members.
Fixed rate mortgages available from Navy Federal Credit Union come with either 15 year or 30 year terms and fixed monthly payments. 30 year mortgage rates make payments easier to afford. When you know the amount of your mortgage will not change, creating a budget becomes much easier. Mortgages may be obtained for properties nationwide. Navy Federal Credit Union services mortgages for the life of the loan. They do not sell member mortgages to other banks or companies. The credit union offers many different programs for veterans and first-time buyers.
Navy Federal Credit Union Mortgage Refinance Rates Save Members Money
Members can refinance their mortgage with Navy Federal Credit Union for up to 97% of the home’s loan to value ratio. Most conventional mortgages do not require the borrowers to purchase private mortgage insurance. No pre-payment penalty charges apply if you pay your mortgage off early or decide to refinance again. Navy Federal Credit Union’s 15 year refinance rates make mortgages easier to pay off in less time.
Back to Mortgage by Lenders
FHA loans offer another affordable mortgage option. Navy Federal Credit Union offers FHA mortgages as a refinancing option as well if your first mortgage was with a different lender. FHA mortgages require a low down payment, making them the ideal option for a variety of borrowers. The loan amounts available depend on the location of the property. FHA loans often allow more flexible loan qualification requirements.
Make A Smart Financial Decision – Choose A Refinance from Navy Federal Credit Union
Join Navy Federal Credit Union and experience the variety of financial services they offer to their members. The credit union offers great affordable mortgages with many special programs designed to benefit military families. Navy Federal Credit Union refinance rates offer great terms to make your mortgage more affordable. Home equity loans or a line of credit may help pay for bills or other expenses. You may even be able to deduct the interest you pay on your taxes. Talk to the credit union about finding the best mortgage option to meet your needs.