Navy Federal Credit Union $2,500 Towards Closing Costs

Navy Federal Credit Union which consistently offers some of the lowest mortgage rates today is also offering $2,500 towards closing costs. You can use the $2,500 towards closing costs or as a credit for fees paid outside of closing (i.e., appraisal fee, credit report, etc.). The $2,500 is available for home purchases and refinancing existing loans.

In addition to $2,500 Navy FCU has a program to help first time home buyers. Navy FCU's First-Time Homebuyer Plus program offers up to %100 financing and no application fee. The credit union also doesn't require a down payment and up to 6% seller contribution allowed. I wonder if the credit union will allow a seller contribution and provide a loan if the home appraise for less than the loan amount.

Here is the fine print (from navyfederal.org) on the First-Time Home Buyer Plus program which I suggest you read since there are restrictions and requirements:

Limited-time offer effective April 15, 2011, and may end at any time. Available for new applications on first mortgage purchase loans only. Certain product exclusions may apply. The Visa Prepaid Loyalty Card will be mailed to you within 2 weeks after your loan closes with Navy Federal. One offer per household. 2Cash rebates from $400 to $5,050 are available in most states. You must be represented by the assigned RealtyPlus real estate firm at closing to qualify. Contact RealtyPlus for terms and conditions. 3Limited-time offer available for purchase and refinance first mortgages. Certain product exclusions may apply. Good Faith Estimate (GFE) from competing lender must be dated and received within 3 calendar days of locking interest rate at Navy Federal. The terms of the competing loan must be identical to Navy Federal's loan. If the loan does not close within the commitment period, the rate match may be voided. To receive $250, member must provide a signed, executed copy of the final HUD-1 Settlement Statement and a copy of the mortgage note within 30 calendar days of loan closing with another lender. Offer not valid if original loan terms or conditions change prior to closing. Once approved, $250 will be automatically deposited into member's Navy Federal account within 30 calendar days of receiving the necessary documentation.

You can ready more about the $2,500 deal and apply here: Navy Federal FCU $2,500 Towards Closing Costs.

Searching for today's mortgage rates? Use our mortgage rates table to find a list of mortgage rates in your state: TODAY'S MORTGAGE RATES.