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Updated over 1 year ago,
Navy Federal Investment/Underwriting
Hello BP, first time investment owner and I have some questions.
Does anyone have experience with Navy Federal Rental loans/ Underwriting. Every time I give them what they want they want additional information. I’ve given bank statements and paychecks 2 months prior to applying for loan and bank statements since being pre approved. I’m also putting down 25% for a duplex which I was not informed id have todo in the beginning. They also asked for a rental agreement with tenants without even having the property in my possession. Anyone going through similar issues?