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NFCU auto loan application

Polo896
Member

NFCU auto loan application

Hello all new to the forum. 

looking to get some insight on if I would be approved for a auto loan through NFCU at a low APR. 


car price is 75,104

im putting 7500 down. 

 

aware they run a check via Transunion. 

my scores are as follows. 

FICO score 8:

transunion: 810

equifax: 800

experian:798

 

thanks for the assist. 

 

 

Message 1 of 25
24 REPLIES 24
OmarGB9
Community Leader
Super Contributor

Re: NFCU auto loan application

You haven't provided a whole lot of info, but based on scores alone, you seem golden.


Last App: 04/05/2021
Penfed Signature Loan

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 2 of 25
Morehouse3000
Frequent Contributor

Re: NFCU auto loan application


@Polo896 wrote:

Hello all new to the forum. 

looking to get some insight on if I would be approved for a auto loan through NFCU at a low APR. 


car price is 75,104

im putting 7500 down. 

 

aware they run a check via Transunion. 

my scores are as follows. 

FICO score 8:

transunion: 810

equifax: 800

experian:798

 

thanks for the assist. 

 

with those scores I would say heck yes you'll get approved.   they may not give you the best scores in the market in my opinion but you'll get approved.  Also will depend on your DTI as well.


 

Message 3 of 25
Polo896
Member

Re: NFCU auto loan application

Thank you 🙏 

 

my DTI is very low. 

I make 99k+ a year. 

only have a personal loan that I pay regiliously and a current car payment. 

I owe 39k on my current vehicle and the dealer is giving me 48k for the trade. 

Message 4 of 25
kaylord84
Frequent Contributor

Re: NFCU auto loan application

Op I was approved for $62,300 @9.69% for 72 months with a 665 TU 08 and  utilization 51% with Navy Federal. Didn't take the loan though just providing data points. But I think you should be fine

 


Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 723 TU 665 Ex 682
Goal Score: 700 All 3


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Message 5 of 25
Polo896
Member

Re: NFCU auto loan application

@kaylord84 

 

thanks 😊 really appreciate it. 

may just go with Audi financial for the loan. 

Message 6 of 25
Polo896
Member

Re: NFCU auto loan application

Update:


Thank you guys for your insight. 

applied to NFCU and received a %2.29 apr. 

 

Bank of America beat that with. %2.09 

 

hate to decline NFCU though. 

Message 7 of 25
lhcole77
Valued Contributor

Re: NFCU auto loan application


@Polo896 wrote:

Update:


Thank you guys for your insight. 

applied to NFCU and received a %2.29 apr. 

 

Bank of America beat that with. %2.09 

 

hate to decline NFCU though. 


Who did you decide to go with?

 

Might we worth building a relationship with Navy in case you have future needs with them.

Message 8 of 25
Gladius
Frequent Contributor

Re: NFCU auto loan application


@Polo896 wrote:

Update:


Thank you guys for your insight. 

applied to NFCU and received a %2.29 apr

 

Bank of America beat that with. %2.09 

 

hate to decline NFCU though. 


How many months and which version of TU did they use?

Message 9 of 25
Polo896
Member

Re: NFCU auto loan application

@lhcole77 I ended up going with NFCU. 

called them back to see if they could rate match and Beat Bank of America's 2.09%, and they did. NFCU went from the initial 2.29% to a 1.29% apr. 👍

 

Message 10 of 25
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