VIENNA, Va., Dec. 23, 2011 /PRNewswire/ -- For many military personnel, obtaining a mortgage loan can seem out of reach. Navy Federal Credit Union has made it easier to acquire loans for those who serve or are family members of personnel in the military. Mortgage loans with 100% financing make it even easier to own a home, no matter your rank or tenure.
Loans at Navy Federal Credit Union have several options like fixed rates, bi-weekly payments, and other home loan needs. Fixed-rate mortgages offer the stability of paying the same amount each month, even if interest rates should change. Other loan options include those with 100% financing, which are ideal for first-time homeowners. Military-specific loans can also come from the Veterans Administration that include mortgages with 100% financing and are available to eligible veterans or active duty personnel. Navy Federal Credit Union's Active Duty Choice mortgage loans help active duty military members get a loan with more flexibility in qualifying.
Navy Federal offers other mortgages to choose from, like an FHA, which is available as a fixed-rate or an Adjustable Rate mortgage (ARM). An ARM may be ideal for those planning on moving frequently or expecting an increase in income while in the military. Mortgage loan programs through Navy Federal Credit Union provide flexibility, variety and personal service.
Owning a home has never been easier for family of and those who serve in the military. Mortgage loans with Navy Federal Credit Union supply a range of options to meet the unique needs of our country's servicemen and women. With great rates and personal guidance, Navy Federal Credit Union has made home buying within your reach.
Members can also receive additional tips and resources on deployment and PCS by joining today. More information and membership details can be found at the Navy Federal Credit Union website: http://www.navyfederal.org.
About Navy Federal Credit Union
Navy Federal provides members of the military and DoD solutions in banking and other financial needs worldwide. As the world's largest credit card union, Navy Federal is proud to serve members of the military and their families with the financial services they need. With over $40 billion in assets, Navy Federal is capable of meeting the needs of military servicemen and women wherever they are. Visit navyfederal.org for more information on how you can join today.
CONTACT: Jennifer Sadler
Public Relations Manager
Phone: (703) 206-3137
SOURCE Navy Federal Credit Union