NFCU, Freddie Partner To Help Military

Published December 10, 2007, 1:00 a.m. EST

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Updated August 27, 2020, 1:30 a.m. EDT

1 Min Read

HAMPTON, Va. - Navy Federal Credit Union (NFCU) and Freddie Mac have joined in an initiative to expand homeownership opportunities for military families, that includes affordable mortgage products and financial education workshops in the Tidewater/Hampton Roads, Virginia area to help active duty military families plan for homeownership.

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The initiative kicked off at the Active Duty Home Buying Fair at Navy Federal's Hampton, Va., branch and featured affordable mortgage products, free advice for buying or refinancing a home, financial counseling, and information on grants and the Get The Facts! homebuyer workshops.

The partnership has introduced an "Active Duty Choice Mortgage" that provides more buying power at competitive rates with flexible credit terms, financing up to $417,000 and no additional private mortgage insurance, according to Navy Federal. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

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