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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!

Fixed-Rate Equity Loan

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

Rate:

APR as low as: 6.640%

Term:

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

Apply Now for a Fixed-Rate Equity Loan

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

Disclosures

1

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).

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2

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.

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