Navy FCU Guarantees $7B For Mortgages In 2010

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


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