Marine Loan Applicant FAQ

Who is eligible for a loan?

Do I need good credit to apply?

Credit history is only one of the factors considered in your loan application.  Every possible way to approve your loan is done!

If my family has additional income, will that help me?

If you are the primary borrower and are active duty, we do not consider income from a second job. If your debt-to-income ratio is high, we will consider income from your spouse, assuming that your spouse is employed for at least 90 days and can provide a current pay stub with year-to-date income.  Apply now

How will I pay for my loan?

There are several repayment options available, each with features and benefits designed to help you protect your credit history. Our two most popular options include:
Allotment – This is an automatic deduction that comes out of your paycheck.
Electronic Funds Transfer (EFT) – This is an automatic withdrawal from your checking account.

How will my interest rate be defined?

Interest rates vary from customer to customer. Several factors are considered when determining your interest rate, including your credit history (based on a consumer credit report), your military rank, your years of service, and your debt-to-income ratio. An interest rate cannot be determined until you apply online so we can look at your entire credit profile.

How can I apply for a Marine loan?

You can apply for your loan online immediately by clicking here.

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