Navy Federal Credit Union Overview

Lender Summary

Navy Federal Credit Union is a national lender serving consumers in 50 states and provinces. Navy Federal Credit Union offers a broad range of product offerings including conventional fixed mortgages in 15, and 30 year terms. In addition, Navy Federal Credit Union offers 30 year adjustable rate mortgages (ARMs) in 3, and 5 year terms - Adjustable Rate Mortgages will stay at a fixed rate for an introductory period. After the introductory period, the payment and rate will change with current mortgage rates. For former or active members of the military, Navy Federal Credit Union offers VA loans which can offer low down payments and zero primary mortgage insurance (PMI).

States Served

Navy Federal Credit Union is a national lender serving customers in all 50 states and the District of Columbia.

Lender Fees

Lender fees include processing, underwriting, application, and origination charges. Unlike processing, underwriting, and application fees, an origination fee is based off a percentage of the loan amount similar to a discount point. Navy Federal Credit Union has the following FIXED charges for each loan originated: processing - $0, underwriting - $770, application - $0. Navy Federal Credit Union charges an origination fee of 1% of the total loan amount.