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Navy Federal Pays $2,500 Closing Costs

Members of Navy Federal Credit Union who are purchasing or refinancing a home can now get up to $2,500 paid towards their closing costs.

The offer comes at a time when the $46 billion CU is enjoying another strong year, said Barbara Sheehan, assistance vice president of mortgage products.

“The wonderful thing about this promotion is it can be used towards a member's closing costs or as credit for the fees that are paid outside of closing costs like the appraisal fee or a credit report,” Sheehan said.

The Vienna, Va.-based Navy Federal serves 3.7 million members and has 216 branches worldwide.

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