If you have been denied a home loan by the Navy Federal Credit Union please use the form below to contact us.
According to a recent CNN bombshell report, Navy Federal, the country’s largest credit union, systematically discriminated against would-be borrowers by race. According to the recent CNN report, Navy Federal Credit Union approved 77% of the mortgage applications by white applicants, but only 56% of the applications from Latino applicants and 48% of the applications from Black applicants. The lawsuit states this disparity is the largest of any of the 50 largest home mortgage lenders in the U.S. and remains persistent, even accounting for more than a dozen separate variables including, among others, income, debt-to-income ratio, property value, down payment percentage, and neighborhood characteristics. The study also revealed that Navy Federal approved a higher percentage of applications from white borrowers making less than $62,000 a year than it did from Black borrowers making $140,000 or more.