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Open the Door to Your Home's Equity

Open the Door to Your Home's Equity

Pay no closing costs on a Fixed-Rate Equity Loan, with an APR as low as 7.340%! 1 2

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:

  • No closing costs2
  • Borrow up to 100% of your home's equity3
  • Min/max loan amount: $10,000 - $500,000
  • Fixed rate for the life of the loan
  • No application or origination fee
  • Lump sum amount
  • Navy Federal servicing for the life of your loan
  • Personal guidance from first call to closing


APR as low as: 7.340%


5-, 10-, 15-, 20-year1

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

See What Our Members Have to Say 

"Great company. Made the process very easy  and enjoyable. Highly recommend to all my friends."4

-Navy Federal Member James

Fixed-Equity Loan FAQs

There isn't an option to buy down the rate.

No, Navy Federal doesn't charge any pre-payment penalties. You may pay off your equity loan or line at any time without any penalties.

Rates can be locked after the application completion. Your Processor can assist with completing the request. Rate locks can be accommodated throughout the loan process.

You can view today's rates here

Calculate Your Loan Amount 

Our home equity calculator can help you estimate how much money you could get with a home equity loan or line of credit.

Crunch the Numbers about our homebuying journey

Home Equity Resources

View MoreHome Equity Resources

Have a question or need help?

Stateside member reps are here for you 24/7. Reach us online, over the phone or at a branch. Contact us.

If you're ready to apply for an equity loan or want to check the status of your loan, please call us at 1-877-573-2324.



Home Equity Loans are fixed-rate loans. Rates are as low as 7.340% 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. Closing costs are costs paid to third parties rather than an application or origination fee retained by Navy Federal. 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 8.350% APR for 20 years is $858.35. Taxes and insurance not included; therefore, the actual payment obligation will be greater. You must carry homeowners insurance on the property that secures this plan. 


Navy Federal will pay for all closing costs on new Fixed-Rate Equity Loan applications dated on or after June 1, 2023. The covered costs include settlement fees, credit reports, flood determinations, property valuations (including appraisals, if required), title searches, lender’s title insurance, recording, mortgage transfer taxes, and government charges. The member is responsible for escrow payments and/or prepaid costs, if required, including property taxes and assessments, homeowners’ and flood insurance premiums, association fees/dues and assessments, and prepaid interest. Closing costs depend on the location of the property, property type, and the amount of the Equity Loan. Offer is not valid for Home Equity Lines of Credit. Offer is subject to change or cancellation without notice.


Some restrictions may apply. 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).


The views expressed in the reviews are solely those of the individuals posting them. The testimonials are substantively the words of the individual reviewer, but may have undergone minor clerical revisions to ensure readability, add context, or protect private information. Any imagery displayed is for decorative purposes only and is not necessarily associated with the reviewer.