Rate:APR as low as: 7.340%
5-, 10-, 15-, 20-year1
Common Uses of Fixed-Rate Equity Loans
Home Improvements and Repairs
Fixed-Equity Loan FAQs
Can I lower the interest rate on my mortgage loan by buying down additional points?
There isn't an option to buy down the rate.
Is there a penalty for paying off a home equity loan faster than the term?
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.
Do you offer a rate lock option?
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.
What are today's interest rates for a Fixed-Rate Equity Loan?
Home Equity Resources
How to Apply for a Home Equity Loan or Line of Credit (HELOC)
Review our step-by-step guide to help you through the home equity loan process.Learn More about How to Apply for a Home Equity Loan or Line of Credit (HELOC)
What Is Home Equity?
Learn about home equity and how you can use it.Learn More about What Is Home Equity?
Registered Mortgage Loan Originators
See our list of licensed Mortgage Loan Originators.Learn More about Registered Mortgage Loan Originators
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).↵
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