Mortgage Loan Assitance
Forbearance requests for home equity loans will be and administered according to Federal Guidelines which call for an initial forbearance of six months and a subsequent six-month forbearance period will be available to affected borrowers. Forbearances will be in the form of an extension. There are no fees charged for the forbearance and finance charges will be limited to no more than the originally scheduled monthly interest payments.
In addition, NAFT Federal Credit Union has exempted all NAFT Federal Credit Union mortgage loans from late fees and all other transaction fees for the duration of the pandemic.
Members must submit a request for assistance from the Credit Union and affirm that they are experiencing a financial hardship due to COVID-19 pandemic. Email us at [email protected] or contact our loan department at 956-787-2774.