Buying a Home

Ready to purchase your dream home? Our Home Loan experts are standing by to help you with the loan to fit your needs, with benefits like fixed interest rates, down payments starting at 3%, and escrow options*.


Homestead Loan Terms

(Conventional and First Time Home Buyers)

  • Maximum loan advance is 97%* of purchase price or appraisal value, whichever is less
  • Maximum term of 30 years

Second/Vacation Home Loan Terms

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


Apply Now Find an Expert See Rates


New Home Loan Inquiries: Call 361-986-4500 and press 5, then 2
Existing Home Loans: Call 1-866-840-4152
Home Loan Payoff Requests: Call 1-866-840-4152


Review the current state of your debt: credit cards, auto loans, student loans and personal loans. Your credit score can be a key indicator of your readiness for home ownership. Before you meet with a Home Loan Expert, collect your most recent monthly statements for your checking and savings accounts, as well as statements for any other financial holdings or investments.

Your home loan will require a down payment that acts as a deposit. The down payment gives you immediate equity in the home and indicates your financial stability. Our home loans have a wide range of down payment options. The amount of your down payment will affect the interest rate, closing costs and monthly payment.

As a starting point, you can figure a monthly payment that is about 25% of your take-home pay, which should include taxes and insurance. The costs associated with home ownership go beyond just your principle and interest. Additional expenses may include property taxes, insurance, homeowner’s association fees, and utilities, such as electricity, gas and water. These charges can add hundreds to your monthly budget and should be factored in.


All applicants must provide:

  • Filed Tax Returns (1040) – W2/1099 for the past two years
  • Bank Statements – For the past two years
  • Copy of Government Issued ID
  • Proof of Income, see table below
  • Income Type Documents
    Standard Employment
    • Pay stubs for the last 30 days
    • Filed federal business tax returns (Form 1065, 1120 or 1120-S) for the past two years
    • Year-to-date profit and loss for each business
    Retirement, Pension, Disability
    • Retirement, pension or disability award letter
    Rental Income
    • Copy of rental agreement


      1. Submit your application
      Simply click “Apply Online” to begin your Home Loan Application. Start gathering your income documentation.
      2. Underwriting
      NavyArmy will underwrite your loan so you can move forward with house hunting, refinancing or construction.
      3. Decide on a Home
      Find the home you love, or if you’re refinancing, move to processing.
      4. Processing
      We’ll do the heavy lifting to get appraisal, title validation, homeowner’s insurance and balancing your Closing Disclosure.
      5. Clear to Close
      Our Quality Assurance Team certifies your loan is ready for closing. We aim to deliver your Closing Disclosure five days prior to eliminate any closing day surprises.
      6. Closing
      This can place at a Title Company or with your Home Loan Expert. Congratulations, you’ve completed the home buying process!

      *New loans determined to be in a flood zone are required to have escrow.
      *97% First Time Homebuyers