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What's a Fixed-Rate Equity Loan?

A fixed-rate equity loan is a lump sum amount that you draw from your equity. You'll pay it back at a fixed interest rate for the life of the loan with monthly payments, so you'll know exactly what to expect. It's a great option if you need money for a one-time expense!

Loan Details:

  • Borrow up to 100% of your home's equity1
  • Min/max loan amount: $10,000 - $500,000
  • Fixed rate for the life of the loan
  • No application or origination fee
  • Lump sum amount


APR as low as: 6.640%


5-, 10-, 15-, 20-year2

Additional fixed-rate equity loan rates and terms are available. Call us at 1-888-842-6328.

Common Uses of Fixed-Rate Equity Loans

  • Home Improvements and Repairs
  • Debt Consolidation
  • Large Purchases
  • Life Events

Home Equity Loan Features

  • Personal guidance from first call to closing
  • No application or origination fee2
  • Navy Federal servicing for the life of your loan


Learn More about Home Equity Offers

Home Equity Resources

View MoreHome Equity Resources



Some restrictions may apply. The maximum CLTV for primary and second home properties is 100%. Factors that may impact the amount of equity that can be borrowed include evaluation of credit history, CLTV ratio, occupancy, loan amount, and loan term (5, 10, 15, 20 years).


Rates are as low as 6.640% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount and occupancy, so your rate may differ. For loan amounts of up to $250,000, closing costs that members must pay typically range between $300 and $2,000. The closing costs depend on the location of the property, property type, and the amount of the Equity loan. Rates are subject to change—information provided does not constitute a loan commitment.

A sample Fixed-Rate Equity Loan monthly payment based on $100,000 at 7.650% APR for 20 years is $814.79. Taxes and insurance not included; therefore, the actual payment obligation will be greater.

Fixed-Rate Equity Loans are available for primary residences and second homes. Primary residences are owner-occupied, principal residences only. Second home properties must be owner-occupied at some point during the year.

All loans for amounts less than $25,000 require a 1.00% increase in APR.

Second home loans require a 1.00% increase in APR and may be subject to other restrictions.

You must carry homeowners insurance on the property that secures this plan.