Navy Federal Strong During Real Estate Downturn

The fallout of sub-prime lending has forced some mortgage companies out of business and sent the real estate market into a turbulent period. Navy Federal wants you to know the following regarding our real estate business practices:

• We do not participate in sub-prime lending.
• We use sound financial management and underwriting with our mortgage loans.
• We offer a wide range of affordable products that help our members steer clear of payment challenges.
• We have the liquidity and stability to continue offering highly competitive rates on our mortgages.
• We provide financial education to our members seeking to purchase homes as well as those who have existing mortgage loans with the credit union.