Has anyone used Navy Federal to do a VA loan? Do you recommend them?

PO2 Joan Feledy — Sun, 14 Jun 2020 11:56:21 -0400

Response by MSgt Private RallyPoint Member made Jun 14 at 2020 11:58 AM

MSgt Private RallyPoint Member — Sun, 14 Jun 2020 11:58:44 -0400

Been looking at refi with them, hope you get some good feedback. I was reading on their site that they have had a lot of requests.

Response by LTC Jason Mackay made Jun 14 at 2020 12:27 PM

LTC Jason Mackay — Sun, 14 Jun 2020 12:27:10 -0400

We looked at them for a mortgage and they were not the best deal, we went with a local broker that was easier to deal with and cheaper.

Response by CDR Terry Boles made Jun 14 at 2020 6:44 PM

CDR Terry Boles — Sun, 14 Jun 2020 18:44:38 -0400

Looked at Navy Federal however local mortgage "broker" had better rates with no points that was not advertised and below market.

Response by SSgt Christophe Murphy made Jun 15 at 2020 9:51 AM

SSgt Christophe Murphy — Mon, 15 Jun 2020 09:51:13 -0400

I have not because I have always found better deals elsewhere

Response by SPC Richard Zacke made Jun 23 at 2020 6:03 PM

SPC Richard Zacke — Tue, 23 Jun 2020 18:03:07 -0400

I've been using Quicken Loans or Rocket Loans (same company). I just closed my VA refinace loan at 2.75%. There almost exclusively over the internet so you will have to Google them. They love the military and I have had no problems with them except they call to see if you want to refinace when intrest rates drop. I've owned alot of properties and alway hated going to unfamilar closing offices, with Quicken you have your chaoice where you want to close. I just closed at my kitchen table last week for 2.75%.

Response by PFC Karen Hair made Jun 30 at 2020 1:55 PM

PFC Karen Hair — Tue, 30 Jun 2020 13:55:24 -0400

I am a Realtor and many of my clients have used Navy Federal for their VA Loans they were helpful and efficient. No bad experiences.

Response by TSgt Jack Oberholtzer made Jun 30 at 2020 8:15 PM

TSgt Jack Oberholtzer — Tue, 30 Jun 2020 20:15:12 -0400

Hello Joan, I may be weighing in late but I recently bought a home with a Navy Federal VA loan and I would not recommend them. I chased them from the time I applied until closing and at closing was told that because my existing home had not closed yet I was 60K short. Thankfully I had the money in the bank but didn't find this out until closing. I have used Quicken in the past and would recommend them above Navy Federal. Again, this was a VA loan but was not a VA issue this was the loan officer at Navy Federal.

Response by PFC Edgar Mosier made Mar 10 at 2023 9:25 AM

PFC Edgar Mosier — Fri, 10 Mar 2023 09:25:22 -0500

I'm a NFCU member. For banking, they hold their own.

Now, I was going for a VA loan via Veterans First and had explained that my loan was to pay off a higher APR, as well as some repairs and upgrades. They kept changing their desired "work" and paperwork, including the elimination of some dry-rot that was to be covered by the requested loan.

Needless to say, I decided that I'll wait on the upgrades, do the repairs as I can (I bring in over $5K / mo...), and told them where to place their "help".

Response by CWO3 Charles Bush made Jun 29 at 2023 4:11 PM

CWO3 Charles Bush — Thu, 29 Jun 2023 16:11:47 -0400

Three houses through them. Highly recommended.