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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?

Check out our interactive Mortgage Match video.

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


Loan Features to Fit Your Needs

  • 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

  • Loans With No Down Payment

    We can help you realize the dream of homeownership with mortgage options with no money down.10

  • No PMI Required

    Make your monthly payments easier to afford with loan options that don’t require Private Mortgage Insurance (PMI).

Learn More about choosing Navy Federal for your mortgage
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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

Learn More about RealtyPlus.

Mortgage Learning Center

View MoreMortgage Learning Center

Homeowner Resources

View MoreHomeowner Resources

If you’re having trouble keeping up with your mortgage payments, we may be able to help. For more information, please see our "Alternatives to Foreclosure" page.

Disclosures

1

This rate offer is effective 10/16/2021 and subject to change. Rates displayed are the "as low as" rates for purchase loans and refinances. 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.

2

A VA loan of $250,000 for 15 years at 1.875% interest and 2.338% APR will have a monthly payment of $1,594.
A VA loan of $250,000 for 30 years at 2.125% interest and 2.511% APR will have a monthly payment of $939.
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.

3

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.

4

A Military Choice loan of $250,000 for 30 years at 3.875% interest and 4.149% APR will have a monthly payment of $1,175. 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.

5

A fixed-rate loan of $250,000 for 15 years at 1.875% interest and 2.157% APR will have a monthly payment of $1,594.
A fixed-rate loan of $250,000 for 30 years at 2.625% interest and 2.780% APR will have a monthly payment of $1,004.
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.

6

A Homebuyers 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.

7

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.

8

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.

9

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.

10

Product features subject to approval. Available for purchase loans only. Loans are subject to an additional funding fee which may be financed up to the maximum loan amount. 

11

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 realestateperk.com/RealtyPlus. All real estate transactions are negotiable. Contact RealtyPlus for terms and conditions. Standard listing fees apply. The program award is not available in certain transactions with restricted agent commissions (including many new construction, For Sale by Owner, or For Sale by iBuyer transactions). Your assigned agent can help you identify any transactions where the award would not be available.