Navy Fed Pledge Loan - Under Review · Cloud Residents

Navy Fed Pledge Loan - Under Review

I’m fairly new to Navy Federal and recently opened membership/checking/savings. I deposited funds into savings and applied for a small share pledge loan

The application went under review, which I expected as I’m a new member. Navy then requested either an employment contract or a “letter from command”.

Like a lot of us I’m self-employed/freelance, so I don’t have an employment contract, and I’m not military.

I’m also very early in my US credit/banking journey, so I don’t have a long US income paper trail yet.

I’ve replied saying:

I am self-employed/freelance and do not have an employment contract or military letter from command. This is a share pledge loan secured by funds already held in my Navy Federal savings account. If employment documentation is still required, please let me know what alternative documentation is acceptable….

Has anyone else had Navy request employment documentation for a pledge loan?

Any experience with this?