NAVY FEDERAL INVESTEMENT LOANS

[Joshuam R.]

Greetings friends, thank you for reading this post.

I have been a member with NFCU 2010 or so.

Beginning of this year I applied for an investment loan, I noticed and have picked up dealing with multiple licensed mortgage brokers (NMLS) at NFCU that not all of them share the full correct information on investment loans down payment. Which cause some confusion or delays on my end. (Also due to not asking all the right questions)

Their investment products are very limited.

Single family (SFH), townhome, or condo = 15% down on 15 year fixed loan

Duplex = 25% down on 15 year fixed loan

Wanted to give a heads up and a quick summary that my help some during the beginning stages of learning what they need with them.

I will be using their product on a townhome to buy , fix and hold, since is in pretty good shape and only minor repairs. Versus using hard money lenders (HML) that requires 20% down payment.

"Remember never give up, Try Try again, Always"