No Down Payment Required

Realize the dream of homeownership without years of waiting to save. Get the home you want with 100% financing.1

Loan Features

  • Fixed rates and consistent payments
  • Refinance options available
  • No Private Mortgage Insurance required
  • Seller contribution of up to 6% allowed

Rates2

Term Interest Rates As Low As Discount Points APR As Low As
30 Year 4.375% 0.500 4.657%
30 Year Jumbo 4.500% 0.500 4.784%

Discount Points: The interest rate above shows the option of purchasing discount points to lower a loan’s interest rate and monthly payment. One point amounts to 1% of the loan amount and is paid at closing. Points don’t always have to be round numbers. Purchasing 1.5 points would cost $3,000 on a $200,000 mortgage.

Jumbo Loans: Loans over a certain amount are called jumbo loans. In most states, mortgage loans greater than $453,100 are jumbo loans. In AK and HI, any loan over $726,525 is considered a jumbo loan.

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Why Choose Navy Federal?

Great loans. Expert guidance. Best-in-class loan service. As a Navy Federal member, you get access to additional benefits to help save you time and money. Get your loan, real estate agent, title services and loan servicing all through us.

Learn Moreabout mortgages with Navy Federal

Find a Real Estate Agent

Use RealtyPlus® to get matched with a top-performing real estate agent in your area and earn cash back, too. Exclusive for Navy Federal members.4

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Mortgage Learning Center

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Homeowner Resources

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Disclosures

1 100% financing loans may include an additional funding fee, which may be financed up to the maximum loan amount. Product features are subject to approval.

2 This rate offer is effective 8/09/2019 and subject to change. 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.

3 A Homebuyers Choice loan of $250,000 for 30 years at 4.375% interest and 4.657% APR will have a monthly payment of $1,248.
A Jumbo Homebuyers Choice loan of $485,000 for 30 years at 4.500% interest and 4.784% APR will have a monthly payment of $2,457.
Taxes and insurance not included; therefore, the actual payment obligation will be greater.
Jumbo Loans: Loan amounts greater than $484,350. In AK and HI, the Conforming loan limit is $726,525. The Jumbo rates quoted above are for loan amounts above $484,350 up to $2,000,000.

4 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. All real estate transactions are negotiable. Standard listing fees apply. Contact RealtyPlus for terms and conditions.