Navy Federal Credit Union Mortgage Financing. Navy Federal Credit Union Mortgage. Navy Federal committed $7 billion to new mortgages, for a new home or refinancing, for military members. This follows 2009 mortgage originations of over $6.2 billion, the highest year for new mortgages in Navy Federal’s history.

At Navy Federal, business is booming despite an unpredictable economic environment and as other lenders scale back their lending. At mid-year, the credit union had loaned over $4.5 billion to members. Nearly 100,000 applications for auto loans and other consumer loans were received in the month of June. Navy Federal is one of a few lenders offering 100 percent mortgage financing up to $650,000 nationwide.


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