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Borrow What You Need When You Need It

Borrow What You Need When You Need It

From renovations to unexpected expenses, a HELOC could offer flexibility. Our APRs are as low as 7.750%!Footnote 1

Apply Nowfor a Home Equity Line of Credit

What's a Home Equity Line of Credit (HELOC)?

A HELOC is a credit line, like a credit card would offer, that uses the equity in your home as collateral! It lets you borrow funds as needed, up to a set maximum credit limit. And, you only have to repay the funds you use.

Home Equity Line of Credit

Our HELOCFootnote 1 offers flexibility. That's why if you expect to have ongoing expenses, this option is for you! Borrow as you need, when you need it, up to your maximum credit limit.

Loan Details:

  • No closing costs
  • Convenient access to your funds with the included Home Equity Line Platinum Credit CardFootnote 2
  • Borrow up to 95% of your home’s equityFootnote 3
  • Min/max loan amount: $10,000 - $500,000
  • Variable rate based on the U.S. Prime Rate
  • No application, origination, annual or inactivity feeFootnote 1
  • Interest-only option availableFootnote 1

Rate:

APR as low as: 7.750%

Term:

20-year draw period, followed by 20-year repayment period

Apply Now for a home equity line of credit

Additional HELOC rates and terms are available. Call us at 1-888-842-6328.

Common Uses of Home Equity Lines of Credit

  • Home Improvements
  • Emergency Fund
  • Medical Expenses
  • Debt Consolidation

See What Our Members Have to Say 

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

-Navy Federal Member James

Accessing Your Funds Is Easy

The Navy Federal Home Equity Line Visa® Platinum Card is a convenient way to make purchases with your equity line.

Learn Moreabout the Home Equity Visa Platinum card

HELOC FAQs

Processing times are currently estimated to take 30 to 40 calendar days to close on a new home equity loan or HELOC once we receive your application. However, closing times vary based on many factors, so check with your Equity Processor early in the process to better understand when you can expect to close. Learn more about the process and how to apply 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.

Disclosures

1

Home Equity Lines of Credit (HELOC) are variable-rate lines. Rates are as low as 7.750% APR and 8.750% for Interest-Only Home Equity Lines of Credit and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, line amount, and occupancy, so your rate may differ. HELOC has a minimum APR of 3.99% and a maximum APR of 18%. Members who choose to proceed with an Interest-Only HELOC may experience significant monthly payment increases when the line of credit enters the repayment phase. Navy Federal will pay for all closing costs on HELOC applications dated on or after June 3, 2024. Covered closing costs paid to 3rd parties include settlement fees, credit reports, flood determinations, property valuations (including appraisals, if required), title searches, lender’s title insurance, recording, and government charges. The member is responsible for prepaid interest and escrow payments for 1st lien HELOCs. Member must carry homeowners’ insurance on the property that secures the HELOC. For loan amounts up to $250,000, closing costs typically range between $300 and $2,000. Applications for a HELOC include a request for a HELOC Platinum Credit Card. All loans subject to approval. Offer is subject to change or cancellation without notice. Rates are subject to change. HELOC loans are not available in Texas.

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2

Navy Federal offers the option to decline the included Home Equity Line Platinum Credit Card and/or to request checks to access funds.

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3

Product features subject to approval, which is based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount, line amount, and occupancy.

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4

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.

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