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What Is a Home Equity Line of Credit (HELOC)?

A HELOC lets you borrow as needed from a line of credit, up to a set maximum credit limit.
You'll pay only for the funds you use.

Features of Home Equity Lines of Credit from Navy Federal

  • Ability to borrow up to 95% of your home's equity1
  • Variable rate based on the prime rate
  • 20-year draw period, followed by 20-year repayment period
  • No application, origination, annual or inactivity fee
  • Convenient ways to access your funds
  • Navy Federal servicing for the life of your loan

Common Uses of Home Equity Lines of Credit

  • Home Improvements
  • Emergency Fund
  • Medical Expense
  • Tuition

Home Equity Loan Features

  • Personal guidance from first call to closing
  • Interest that may be tax deductible2
  • No application or origination fee
  • Navy Federal servicing for the life of your loan


Learn More about Home Equity Offers & Benefits

HELOC Rates3

Loan Type APR as low as Minimum/Maximum Loan Amount Maximum CLTV
Home Equity Line 4.250% $10,000 - $500,000 70%
Home Equity Line 4.750% $10,000 - $500,000 80%
Home Equity Line 5.250% $10,000 - $500,000 90%
Home Equity Line 5.750% $10,000 - $250,000 95%

Rates as of Jun 28, 2022 ET.

Combined Loan-to-Value Ratio: CLTV is a term used by lenders to represent the total amount of loans compared to the value of the property securing the loan. The CLTV includes the total amount from all loans borrowed divided by the total value of the property. For example, if a property owner takes out 2 separate $20,000 loans on a property worth $100,000, the CLTV would be calculated as ($20,000 + $20,000)/$100,000, or more simply, $40,000/$100,000 or 40%.

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

Apply for a Home Equity Line of Credit

Navy Federal's Home Equity Line Visa® Platinum Card

Our card is an easy, convenient way to make purchases with your equity line.

Learn More about the Home Equity Visa Platinum card

Home Equity Resources

View MoreHome Equity Resources



Some restrictions may apply.


Consult with your tax advisor.


Home Equity Lines of Credit are variable-rate loans. Rates are as low as 4.250% 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. The plan has a maximum APR of 18%. For loan amounts of up to $250,000, closing costs that members must pay typically range between $300 and $2,000. Members may borrow against their available credit line for a period of 20 years, after which any existing balance must be paid in full within the following 20 years. Rates are subject to change—information provided does not constitute a loan commitment.

Home Equity Lines of Credit are available for primary residences and second homes. Second-home loans and all loans for amounts less than $25,000 require a 1.00% increase in the interest rate and may be subject to other restrictions. You must carry homeowners insurance on the property that secures this plan. Home Equity Lines of Credit are not available in Texas.

Lifetime Floor: The minimum APR that can apply during the Home Equity Line of Credit Plan is 3.99%. Our Home Equity Line APR varies based on the U.S. prime rate, and is updated according to the published rate in the Wall Street Journal on the first work day of every month.