Navy Federal Credit Union Homebuyers Choice Loan

Navy Federal Credit Union Homebuyers Choice Loan is a grant for homebuyers in Statewide, California. 100% LTV mortgage for Navy Federal members. No PMI. Funding fee 1.75% can be financed. 100% LTV first mortgage with no PMI, no down payment for Navy Federal members. Up to $50,000 lender credit on conforming loans through associated programs. This is a nationwide program, so it is available beyond a single state or city.

Navy Federal Credit Union Homebuyers Choice Loan is structured as a grant, so it is not repaid. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Navy Federal Credit Union Homebuyers Choice Loan is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. Sourced via Homebuyer Wallet (NT20250015). Membership in Navy Federal Credit Union required (military, DoD employees, family members). 30-year fixed or ARM. Funding fee 1.75% applies (can be financed).

Navy Federal Credit Union Homebuyers Choice Loan can be used for Single-family, Condo, Townhouse.

Navy Federal Credit Union Homebuyers Choice Loan names veterans, active-duty service members, and reservists and National Guard members among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Navy Federal Credit Union Homebuyers Choice Loan is a nationwide program, so it is not limited to one state.

Applications for Navy Federal Credit Union Homebuyers Choice Loan go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.