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
2.000%
APR as low as
2.631%
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
3.875%
APR as low as
4.149%
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
2.000%
APR as low as
2.283%
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
4.000%
APR as low as
4.276%
Down Payment
0%
Term
10- 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
2.125%
APR as low as
2.991%
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.
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
Mortgage Calculators
From estimating closing costs to deciding how much home you can afford, our calculators can help you make decisions about your mortgage.
- How much would my monthly payment be?
- Will refinancing save me money?
- How much can I qualify to borrow?
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
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
This rate offer is effective 12/01/2021 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.
↵A VA loan of $250,000 for 15 years at 2.000% interest and 2.631% APR will have a monthly payment of $1,608.
A VA loan of $250,000 for 30 years at 2.250% interest and 2.539% 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 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.
A fixed-rate loan of $250,000 for 15 years at 2.000% interest and 2.283% APR will have a monthly payment of $1,608.
A fixed-rate loan of $250,000 for 30 years at 2.625% interest and 2.820% 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.
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.
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.
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