VA Loans Expertise

As a Top 5 VA lender, we understand the unique needs of servicemembers and their families, and can help you take advantage of every benefit you’ve earned. We’re here to help you through the home-buying experience by providing low VA loan rates, resources and membership benefits.

VA loans are backed by the Department of Veterans Affairs and offer exclusive mortgage benefits to eligible servicemembers, veterans and their 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 the property location.

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 Payment1

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

  • 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 saves 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 closing costs, saving 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 may also be a good fit.


Term Interest Rates As Low As Discount Points APR As Low As
15 Year 2.375% 0.250 2.844%
30 Year 2.500% 0.500 2.773%

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.

Rates displayed are the lowest VA home loan rates for purchase loans and refinances of existing Navy Federal loans. Rates for refinancing loans where the existing lender isn't Navy Federal are subject to a 0.750% higher rate.

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Still have questions? Call us at 1-888-842-6328. We’re available 24/7.

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

Finding the right home starts with finding the right real estate agent. Use RealtyPlus® to get matched with a top-performing real estate agent in your area and earn cash back, too. Exclusively for Navy Federal members.5

Learn More about RealtyPlus.

Mortgage Learning Center

View More Mortgage Learning Center

Homeowner Resources

View More Homeowner Resources


1 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 10/24/2020 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.

3 A VA loan of $250,000 for 15 years at 2.375% interest and 2.844% APR will have a monthly payment of $1,652.
A VA loan of $250,000 for 30 years at 2.500% interest and 2.773% APR will have a monthly payment of $988.
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.

4 This calculator is provided as a self-help tool for informational purposes only. It is only intended to estimate basic monthly payments based on your inputs. All examples are hypothetical and are for illustrative purposes only. Your payment amount will differ based on a variety of factors, including when your first payment is due. Accuracy is not guaranteed.

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