Navy Federal Credit Union has committed $7 billion to new mortgages for Navy Federal members this year. This new commitment follows more than $6.2 billion in mortgage originations in 2009 – the highest year for new mortgages in Navy Federal's history.
Additionally, in light of opportunities in the current market, Navy Federal has announced 100% financing up to $650,000 nationwide.
‘Navy Federal has contributed to the recovery in 2009 by extending more than $31.4 billion in credit – more than any other credit union – and is committed to providing even more credit to members in 2010,’ says Cutler Dawson, Navy Federal's president and CEO.
SOURCE: Navy Federal Credit Union