Mortgage Rates
Mortgage Rates & Loan Options1
No matter what your circumstances are, we have the right home loan for you. Need help deciding which loan option works best for you?
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VA Loans
Available exclusively to eligible servicemembers, veterans and their spouses, VA Loans are backed by the Department of Veterans Affairs.
Interest rate as low as
2.125%
APR as low as
2.591%
Down Payment
0%
Term
10- to 30-year
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Military Choice
Ideal choice for servicemembers, reservists and veterans who have already exhausted their VA loan benefit.3
Interest rate as low as
4.000%
APR as low as
4.276%
Down Payment
0%
Term
16- to 30-year
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Conventional Fixed Rate
A great choice for buyers who want a stable monthly mortgage payment.
Interest rate as low as
2.125%
APR as low as
2.338%
Down Payment
5%
Term
10- to 30-year
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Homebuyers Choice
Available to qualified buyers with no down payment required.3
Interest rate as low as
4.125%
APR as low as
4.403%
Down Payment
0%
Term
16- to 30-year
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Adjustable Rate Mortgage
These loans begin with a low, fixed interest rate for the initial term and then adjust according to an index.
Interest rate as low as
2.500%
APR as low as
2.873%
Down Payment
0-10%
Term
10- to 30-year
5/5 Conforming ARM Payment Example7
Loan Amount: $250,000 Term: 30 years
Year Interest Rate APR Monthly Payment Taxes and insurance not included; therefore, the actual payment obligation will be greater.
Which Mortgage is Best for You?
Answer a few simple questions in our interactive video to see what type of home loan works best for you. If you still have questions, give our Mortgage Specialists a call at 1-888-842-6328.
Additional Mortgage Options
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Refinancing
Refinance your current mortgage with Navy Federal, and you could qualify for lower payments and better rates.
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Second-Home Financing
You can own a vacation home of your very own with a second-home mortgage from Navy Federal.
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Investment Property Loans
Looking to start or add to your real estate portfolio? We have great loan options for qualifying residential properties.8
Loan Features to Fit Your Needs
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Freedom Lock
Enjoy the freedom to re-lock in at a lower rate. If rates go up, your rate stays the same. If rates go down, you'll have a chance to re-lock within 60 days at the lower rate at no cost to you.9
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Loans With No Down Payment
We can help you realize the dream of homeownership with mortgage options with no money down.10
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No PMI Required
Make your monthly payments easier to afford with loan options that don’t require Private Mortgage Insurance (PMI).
Find a Real Estate Agent
Finding the right home starts with finding the right real estate agent. Use RealtyPlus® to choose a top-performing real estate agent in your area and earn cash back, too. Exclusively for Navy Federal members.11
Mortgage Learning Center
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The Mortgage Process
It starts with a preapproval and finishes with your perfect home. We've broken down the process to make it easier for you.Learn Moreabout The Mortgage Process -
Mortgage Preapproval
A preapproval lets sellers know you're a serious buyer and gives you more negotiating power when it comes time to make an offer.Learn Moreabout Mortgage Preapproval -
Best Mortgage for You
Need help deciding which loan option works best for you? Check out our Mortgage Match video.Learn Moreabout Best Mortgage for You
Homeowner Resources
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How to Make Mortgage Payments
Find out what makes up your monthly mortgage payments and learn about convenient payment options.Learn Moreabout How to Make Mortgage Payments -
What's an Escrow Account?
Find out how we calculate your escrow payments and get answers to your most frequently asked questions.Learn Moreabout What's an Escrow Account? -
Managing Your HELOC
Get answers to questions about your HELOC, including how we calculate your interest rate.Learn Moreabout Managing Your HELOC
Disclosures
This rate offer is effective 04/20/2021 and subject to change. Rates displayed are the "as low as" rates for purchase loans and refinances of existing Navy Federal loans. Rates for refinance loans where the existing lender is not Navy Federal are subject to a 0.750% higher rate. Rates are based on creditworthiness, loan-to-value (LTV), occupancy and loan purpose, so your rate and terms may differ. All loans subject to credit approval. Rates quoted require a loan origination fee of 1.00%, which may be waived for a 0.25% increase in interest rate. Many of these programs carry discount points, which may impact your rate.
↵A VA loan of $250,000 for 15 years at 2.125% interest and 2.591% APR will have a monthly payment of $1,623.
A VA loan of $250,000 for 30 years at 2.250% interest and 2.519% APR will have a monthly payment of $955.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. If you have less than your VA home loan entitlement, limitations to your loan amount may apply.
All Choice loan rates quoted above require a 1.00% loan origination fee. The origination fee may be waived for a 0.25% increase in the interest rate. All Choice loans are subject to a funding fee of 1.75% of the loan amount. This funding fee can be financed into the loan up to a maximum of 101.75% LTV, or the fee can be waived for a 0.375% increase in the interest rate. Purchase loans require no down payment. LTV restrictions apply to refinance loans. Note: To be eligible for Military Choice, at least one borrower must be Active Duty or a veteran.
↵A Military Choice loan of $250,000 for 30 years at 4.000% interest and 4.276% APR will have a monthly payment of $1,193. Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
Jumbo Loans: Loan amounts greater than $548,250. In AK and HI, the Conforming loan limit is $822,375. The Jumbo rates quoted above are for loan amounts above $548,250 up to $1,000,000.
A fixed-rate loan of $250,000 for 15 years at 2.125% interest and 2.338% APR will have a monthly payment of $1,623.
A fixed-rate loan of $250,000 for 30 years at 2.750% interest and 2.887% APR will have a monthly payment of $1,020.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
Jumbo Loans: Loan amounts greater than $548,250. In AK and HI, the Conforming loan limit is $822,375. The Jumbo rates quoted above are for loan amounts above $548,250 up to $2,000,000.
A Homebuyers Choice loan of $250,000 for 30 years at 4.125% interest and 4.403% APR will have a monthly payment of $1,211. Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
Jumbo Loans: Loan amounts greater than $548,250. In AK and HI the Conforming loan limit is $822,375. The Jumbo rates quoted above are for loan amounts above $548,250 up to $1,000,000.
Adjustable Rate Mortgages are variable, and your Annual Percentage Rate (APR) may increase after the original fixed-rate period. The First Adjusted Payments displayed are based on the current Constant Maturity Treasury (CMT) index, plus the margin (fully indexed rate) as of the stated effective date rounded to nearest 1/8th of one percent. All loans subject to credit approval.
↵For non-owner occupied homes only, in which the property generates income from rent. Investment property mortgages require a 1.00% loan origination fee. The origination fee may be waived for a 0.25% increase in the interest rate.
↵Freedom Lock is available for new applications on purchase and refinance loans at no additional fee, with a maximum interest rate reduction of up to 0.50%. You will have the opportunity to relock twice if rates improve, and your loan must close within sixty (60) days of initial lock.
↵May include an additional funding fee, which may be financed up to the maximum loan amount. Product features are subject to approval.
↵The cash-back bonus is offered in most states and is available for individual sales and purchases of property; offer limited to one cash-back bonus per property with no limit on the amount of times you may use the program. In some states, a gift card or commission credit at closing may be provided in lieu of the cash-back bonus. The program is not available in IA or outside the U.S. Cash-back bonus is not available in AK, LA or OK. In KS and TN, a gift card with preloaded points that are ready for spending at specified retail establishments after closing will be issued. State regulations in KS limit the dollar amounts and the type of incentive. In MS, NJ, and OR, a commission reduction may be available at closing. Please check with the program coordinator for details. This is not a solicitation if you are already represented by a real estate broker. The cash-back bonus is only available with the purchase or sale of your home through the use of a program-referred and -approved real estate agent. The size of your cash-back award depends on the value of the property you are buying or selling. Obtaining the full $8,000 cash-back award requires transacting in a property valued at $1.75 million or greater. To calculate the size of your potential cash back, please visit navyfederal.org/realtyplus. All real estate transactions are negotiable. Contact RealtyPlus for terms and conditions. Standard listing fees apply.
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