Home Equity Offers & Benefits

Home Equity Loans are fixed-rate loans. Rates are as low as 7.340% APR and assume a 750 FICO on a 5-year term. Rates are based on loan term, credit history, LTV/CLTV/HLTV (combined loan-to-value) ratio, loan amount, and occupancy, so your rate may differ. 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 are not included; therefore, the actual payment obligation will be greater. Navy Federal will pay for all closing costs on Fixed-Rate Equity Loan applications. For loan amounts up to $250,000, closing costs that members may pay typically range between $300 and $2,000. Covered closing costs include lender fees and fees paid to third parties, such as 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. You must carry homeowners’ insurance on the property that secures this plan. All loans subject to approval. Offer is subject to change or cancellation without notice.

Home Equity Lines of Credit (HELOC) are variable-rate lines. Rates as low as 7.750% APR and 8.750% for Interest-Only Home Equity Lines of Credit assume a 750 FICO. Rates are based on credit history, LTV/CLTV/HLTV (combined loan-to-value) ratio, loan amount, and occupancy, so your rate may differ.  A 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. Covered closing costs paid to third 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 first lien HELOCs. Members 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. 

Offer available for new applications on equity loans, equity lines of credit, and first mortgage refinance and purchase loans. Proof of rank will be required to verify program eligibility. The Loyalty Card will be mailed to you within 4-6 weeks after your loan closes with Navy Federal. Recipient is solely responsible for any personal tax liability arising out of the acceptance of this offer. Offer may expire anytime without prior notice. Certain product exclusions may apply. One Loyalty Card per closing.