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Navy Federal Credit Union mortgage review 2025

The article from CNBC Select provides a detailed review of Navy Federal Credit Union's mortgage offerings. It highlights that Navy Federal offers a variety of mortgage products including conventional, VA, and FHA loans, with competitive rates and lower fees due to its not-for-profit status. The credit union is noted for its excellent customer service, particularly beneficial for military members, veterans, and their families, who are eligible for membership. Key features include no down payment options for VA loans, a streamlined application process, and special programs like the Military Choice loan which allows for 100% financing. However, eligibility is restricted to military personnel, Department of Defense employees, and their families. The review also mentions potential drawbacks like limited physical branch locations and the necessity for membership, which might not suit everyone. Overall, Navy Federal is praised for its tailored services for the military community, competitive rates, and unique loan options, but its exclusivity and branch limitations are noted as cons.

Read the Full CNBC Article at:
[ https://www.cnbc.com/select/navy-federal-credit-union-mortgage-review/ ]