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Types of Loans

Home Loan Options

Homestead Loans (Purchases & Refinance)

  • Maximum loan advance is 95% of purchase price or appraisal value, whichever is less
  • 95% loan to value on refinances
  • Max term is 30 years

Second/Vacation Home (Purchases & Refinance)

  • Covers purchases and refinances
  • Max loan advance is 80% of purchase price or appraisal value, whichever is less
  • 80% loan to value on refinances
  • Max term is 15 years

Home Improvement Loans

  • Maximum loan advance is 90% loan to value
  • Loans made for tangible improvements to homestead
  • Max term is 30 years

Home Equity Loans

  • Loans secured by member’s homestead
  • Maximum advance is 80% loan to value
  • Max term is 30 years
  • Interest* may be used for tax deductions (*Contact your Tax advisor for details)

One Time Close Construction

  • Construction and permanent rates are locked up front
  • Program starts with a 10% down payment
  • Minimum 90% loan-to-value if you own the land
  • 9 – 12 months interest-only payments during the build
  • Max permanent term is 30 years

Land (For Future Homestead Purposes)

  • Covers purchases and refinances
  • Max loan advance is 80% of purchase price or appraisal value, whichever is less
  • 80% loan to value on refinances
  • Max term is 10 years
Navy Army Community Credit Union NMLS 500822
PO BOX 81349, Corpus Christi, TX  78468
Toll Free:  (800) 622-3631 Ext. 1002
re@navyarmyccu.com
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