NFCU or Penfed Loan

[Anonymous]

I just joined NFCU and PenFed because I wanted to apply for a loan for some home improvement for my new house. I wanted to get some data points to see what I would be approved for. Is income a big factor or does credit score count more? Income is $40K and equifax/transunion fico is 680-690. Would really appreciate any input before I pull the trigger. Thanks!

[Anonymous]

NFCU would give higher limits than PenFed and are more lenient.  Check out the NFCU and PenFed forums.

[Anonymous]

NFCU has been really good to us since we began our rebuild.  Two credit cards, a cloc, two personal loans, a car loan and we are now waiting on the appraisal to refinance our house with them dropping our interest rate from 5% to 3.125% with a cash out for home upgrade repairs.  The mortgage online app process has been painless and the approval was quick and easy.  Our scores are low 700s.