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A CNN investigation last month found that Navy Federal approved more than 75% of the White borrowers who applied for a new conventional home purchase mortgage in 2022 while approving less than 50% ...
But racial disparities still existed among Navy Federal’s VA loan business. Last year, Navy Federal approved 84.2% of its white home purchase VA loan applicants, compared with 73.8% of Latino ...
Navy Federal says external review finds ‘non-race factors’ explained mortgage approval disparities
In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [1]For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that should they want that product, they would be guaranteed to get it.
580 for VA loans. 0% for VA loans. Navy Federal Credit Union. 4.4/5. Undisclosed for VA loans. ... Learn more in our Bankrate review. Why we chose Navy Federal Credit Union.
Two highly rated lenders that did not meet the criteria to be ranked in the study were Veterans United (793) and Navy Federal Credit Union (748). A J.D. Power Public Relations representative told ...
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