To continue enjoying all the features of Navy Federal Online, please use a compatible browser. You can confirm your browser capability here.

We're a Top VA Lender1

We're a Top VA Lender1

Let us help you take advantage of the benefits you've earned and our great loan rates.

VA Loans Expertise

As a Top VA lender,1 we at Navy Federal understand the unique needs of servicemembers, Veterans and their families, and can help you take advantage of the exclusive VA loan benefits you've earned. We’re here to help you through the home-buying experience by providing low VA home loan rates, resources and membership benefits.


VA Mortgage Rates2

Payment Examples3

Rates Table
Term Interest Rates As Low As Discount Points APR As Low As
15 Year 5.625% 0.750 6.365%
30 Year 6.125% 0.500 6.558%

Rates as of Apr 15, 2024 ET.

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 $4,500 on a $300,000 mortgage.

Rates displayed are the "as low as" rates for purchase loans and refinances.

 

Navy Federal VA Loans

VA loans offer many benefits. They're an excellent option if you qualify and are looking to buy a home.

  • Options With No Down Payment

    Some lenders require a down payment of up to 20%, but because Navy Federal VA Home Loans don’t require any money down, you can buy a house now without waiting years to save.4

  • No Private Mortgage Insurance Required

    Most lenders require the borrower to purchase PMI, unless they're able to make a down payment of 20%. This loan doesn’t require PMI, which could save you money each month.

  • Seller Contribution of Up to 4%

    The seller is allowed to contribute up to 4% of the value of the home toward your qualifying closing costs, which could save you money.

  • Refinance Options Available

    If you already have a mortgage and want to refinance for a different interest rate or shorter term, this loan might also be a good fit.

Ready to apply? Sign in to get started.

Apply Now for a VA Home Loan

Not a member? Join today.

Our U.S.-based member service reps are here for you 24/7. Reach us online, over the phone or at a branch. Contact us. If you're ready to apply for a mortgage or want to check the status of your loan, please call us at 1-888-842-6328.

Visit Our Home Buying Center

Our Home Buying Center has everything you need to de-stress your next address. Learn about your loan options, the benefits of a Verified Preapproval letter and different ways you could save money. 

Learn More about our Home Buying Center


Find a Real Estate Agent5

Finding the right home starts with finding the right real estate agent. Use RealtyPlus® to connect with a top-performing real estate agent in your area. Plus, you could earn cash back. Exclusively for Navy Federal members.6

Learn More about RealtyPlus.

Mortgage Learning Center

View MoreMortgage Learning Center

Homeowner Resources

View MoreHomeowner Resources

VA Loan FAQs

VA loans are backed by the Department of Veterans Affairs and offer exclusive mortgage benefits to eligible servicemembers, Veterans and their eligible surviving spouses. A certificate of eligibility is required and can be obtained from the VA by your home loan advisor. Maximum loan amounts are determined by your available entitlement. If partial entitlement is available, the property location will also be one of the determining factors for the maximum loan amount.

To begin to qualify for a VA loan, the Veteran must have: 

  • 90 consecutive days of active service during wartime, and/or
  • 181 days of active service during peacetime, and/or
  • more than 6 years with the National Guard or Reserves

The Veteran also must have a Certificate of Eligibility. For a complete list of eligibility requirements, visit the VA website.

A surviving military spouse who hasn't remarried could also be eligible for a VA loan. The surviving spouse must have been married to a qualifying servicemember who died in the line of duty or as the result of a service-related disability. For more information about VA loan programs for qualifying military spouses, visit the VA website.

To demonstrate eligibility, you’ll need to provide a valid Certificate of Eligibility (COE). Your loan officer can obtain the COE for you through the Department of Veterans Affairs. A copy of your DD-214 may be needed to request the COE.

Some of them are: 

  • lower mortgage rates
  • lower or no down payments4
  • no private mortgage insurance (PMI)
  • excellent refinance programs that could help qualified Veterans lower their payments or get cash back from equity
  • more flexibility if you have a limited housing budget
  • could still be approved even with less than perfect credit history
  • help with closing costs. Your real estate agent can help negotiate with the seller to contribute up to 4% of the established reasonable value of the property (purchase price) toward certain closing costs (known as seller concessions).
  • no penalty fee if you pay off the loan early

If you’re interested in buying or refinancing a home with a VA loan, we can help. As a Top VA Lender,1 we understand the unique needs of servicemembers, Veterans and their families and can help you take advantage of the benefits you’ve earned.

Disclosures

1

Navy Federal Credit Union was included in 9 Best VA Lenders in March 2024 by money.com.

2

Rates displayed are "as low as" and effective 04/15/2024 for purchase, refinance loans, and VA IRRRL, and require a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Displayed rates may include discount points. Rates are subject to change. All VA rules, guidelines and additional program requirements will apply. All loans subject to approval. Navy Federal has no affiliation with U.S. Department of Veterans Affairs or any other government agency.

3

$300,000 mortgage for 30 years at 6.125% (6.558% APR) will result in a monthly payment of $1,822. Taxes and insurance not included; therefore the actual payment obligation will be greater. Includes a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Discount points are included. All VA rules, guidelines and additional program requirements will apply. All loans subject to approval. Navy Federal has no affiliation with U.S. Department of Veterans Affairs or any other government agency.

 

4

100% financing subject to all VA rules, guidelines, and additional program requirements. All loans subject to approval. VA loans may include a funding fee, which may be financed up to the maximum allowed loan amount. Navy Federal has no affiliation with U.S. Department of Veterans Affairs or any other government agency.

5

Customer satisfaction claims are based on 2021 Anywhere Leads Inc.’s surveys of customers who bought or sold a home using a program serviced by an Anywhere Leads Network agent or using an Anywhere Leads Network agent.

6

The program is only available for individual home purchases/sales in the contiguous US, Alaska, and Hawaii, excluding Iowa and all employer-sponsored relocations. You are not required to receive financing through Navy Federal Credit Union in order to receive the benefits of this program.  The cash back is only available with the purchase or sale of your home through the use of a program-referred and approved real estate agent, and is offered in most states, with the exception of Iowa, Alaska, and Oklahoma, and is not available in certain transactions with restricted agent commissions (including many new constructions, For Sale by Owner, or For Sale by iBuyer transactions). Your assigned agent can help you identify any transactions where the cash back would not be available. The amount of your cash back depends on the value of the property you are buying or selling. Obtaining the full $9,000 cash back requires transacting in a property valued at $3 million or greater.  To calculate your potential cash back amount, please visit the RealtyPlus website: https://navyfederalrealtyplus.com/. The cash back offer is limited to one cash back per property with no limit on the number 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. In Kansas and Tennessee, a Mastercard® MAX gift card will be issued with preloaded points that are ready for spending at specified retail establishments after closing. State regulations in Kansas limit the dollar amounts and the type of incentive. In Mississippi, New Jersey, and Oregon, a commission reduction may be available at closing in lieu of cash back. Please check with the program coordinator for details. All real estate commissions are negotiable. Contact RealtyPlus for terms and conditions. Seller listing fees apply. This program is offered, in part, by Anywhere Leads Inc., which may receive a co-operative brokerage fee as a result of a referral to any affiliated real estate companies, including Better Homes and Gardens® Real Estate, Coldwell Banker®, Century 21®, ERA® Real Estate, and Corcoran. Program terms and conditions are subject to change at any time without notice. Additional terms, conditions, and restrictions apply. This is an advertisement and not a solicitation for agent representation if your property is currently listed with an agent. Anywhere Leads Inc., 175 Park Avenue, Madison, NJ 07940. Licensed broker in the state of Texas. Broker license #9009191. 

The views expressed in the Trustpilot reviews are solely those of the individuals posting them. The testimonials are substantively the words of the individual reviewer, but may have undergone minor clerical revisions to ensure readability, add context, or protect private information. Any imagery displayed is for decorative purposes only and is not necessarily associated with the reviewer.