Navy Army Federal Credit Union
 
 
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Home Improvements:
  • No to low fee structure
  • No escrowing of tax and insurance
  • No loans sold to secondary market
  • In-house underwriting
  • Low documentation requirements
  • Quick approval process
Features of Home Improvements Loans
  • Max loan advance is 90% loan to value
  • Loans made for tangible improvements to homestead
  • Terms are similar to those involving other homestead loan products
For application or more information, call our Real Estate Department at 361-986-4500 or 800-622-331, option 3 or click here.

To process a Home Improvement loan, the following documents are required:
  1. Completed application including assets and liabilities
  2. Income verification: current and previous Yr. (W-2, Tax return)
  3. Copy of deed of trust on property to be improved
  4. Copy of property insurance policy
  5. Contractors proposal for work to be done
  6. Tax appraisal statement for valuation purposes
  7. Mortgage holder(s) name(s) and lien balances
 
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