A Navy Federal HELOC isn’t for everyone to apply for. Military members and their families are part of the select group.

Do you want to know who else is eligible for this home equity line of credit? So keep reading!

Before applying for a HELOC with Navy Federal, it’s important to understand the timeline for the process.

Generally, it takes between 35 and 45 days to close the deal after you receive your application.

It varies according to documentation and appraisal.

To apply for a HELOC with Navy Federal, you’ll need to gather certain information beforehand, such as:

All set? Then complete and submit the HELOC application online through Navy Federal’s website.

Then be sure to fill out all required fields accurately and completely to avoid delays or complications in the approval process.

Next, Navy Federal may request additional documentation to verify your income, employment, or other financial information, such as pay stubs, tax returns, etc.

If your application is approved, you’ll receive detailed information on the terms and conditions of the loan.

You’ll then need to close on the loan by signing the agreement and paying any closing costs associated with the loan.

Once the loan is closed, you can access your funds.

Indeed, applications on the app aren’t available. So try their phone, or visit their website.

If you meet their requirements, PNC will approve your loan application and allow you to borrow a minimum of $100,00.

However, Navy Federal is exclusively for military members and their families; thus, you can only borrow $10,000.

So it’s important to compare the two options and choose the one that best suits your needs.

Further, discover how to apply for the PNC HELOC- we’ve broken down all pieces of the application, one step at a time to ensure you don’t have any questions.

So keep reading and learn more!