Buying a Home

Ready to purchase your dream home? Our Home Loan Experts are ready to help you find the home solution that fits your needs. Choose from low down payment options as low as 3%*, reduced mortgage insurance and lower closing costs.


Primary Home Loan

Conventional and First Time Home Buyers

  • Down payment as low as 3%
  • Lower fixed rates
  • Fixed terms up to 30 years
  • Lower closing costs
  • No Private Mortgage Insurance**

Second/Vacation Home Loan

  • Down payment as low as 20%
  • Lower fixed rates
  • Fixed terms up to 15 years
  • Lower closing costs
  • No Private Mortgage Insurance**


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  • 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. Proof of deposit with a current checking, savings, retirement, or investment account will assist with your loan application.
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. Use our calculators.


All applicants must provide:

  • Filed Tax Returns (1040) – W2/1099 for the two most recent years
  • Bank Statements for the two most recent months
  • 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 two most recent years
  • Year-to-date profit and loss for each business
Retirement, Pension, Disability
  • Retirement, pension or disability award letter


New Home Loan Inquiries: Call 1-800-622-3631 and press 5, then 2
Existing Home Loans: Call 1-866-840-4152
Home Loan Payoff Requests: Call 1-866-840-4152


1. Submit your application
Simply click “Apply Now” to begin your home loan application. Gather your income documentation and submit.
2. Determine buying power
NavyArmy will underwrite your loan in house, up-front to eliminate any surprises. This allows you to house hunt with confidence in your buying power.
3. Contract & Inspections
Once you have found your home, negotiate terms, execute the contract and complete inspections.
4. Processing
We’ll work behind the scenes to get you to the closing table by ordering: the appraisal, title work, homeowner’s insurance, and closing documents.
5. Clear to Close
Our quality assurance team certifies your loan is ready for closing.
6. Closing
Congratulations, you’ve completed the home buying process!

*3% down payment offered to First Time Homebuyers. New loans determined to be in a flood zone are required to have escrow.
**No PMI is limited to Portfolio Option Only
All loans are subject to credit application and approval. Must qualify for membership upon approval.