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

Refinance Your Mortgage and Save

Depending on the terms of your current loan and how long you plan to stay in your home, refinancing could be the best option for you. Whether you have an existing loan with us or one with another lender, we have fixed- and adjustable-rate options that could save you money.

  • Get a Better Loan

    Refinance to a lower rate or pay off your loan faster with a shorter term.

  • Take Cash Out

    Use the equity in your home to pay for home improvements, a down payment on a second home or college tuition.

  • Convert to a Fixed Rate

    Refinance to lock in a new rate and ensure a stable payment for the life of your loan.

Refinance Options1

No matter what your needs are, we have the right home loan for you. Explore our rates and options to find the best fit. 

Disclosures

1

This rate offer is effective 09/25/2021 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 1.750% interest and 2.211% APR will have a monthly payment of $1,580.
A VA loan of $250,000 for 30 years at 2.000% interest and 2.344% APR will have a monthly payment of $924.
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

A VA Streamline loan of $250,000 for 15 years at 1.750% interest and2.211% APR will have a monthly payment of $1,580.
A VA Streamline loan of $250,000 for 30 years at 2.000% interest and 2.344% APR will have a monthly payment of $924.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.

4

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.

5

A Military Choice loan of $250,000 for 30 years at 3.625% interest and 3.895% APR will have a monthly payment of $1,140. 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.

6

A fixed-rate loan of $250,000 for 15 years at 1.625% interest and 1.906% APR will have a monthly payment of $1,565.
A fixed-rate loan of $250,000 for 30 years at 2.375% interest and 2.626% APR will have a monthly payment of $971.
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.

7

A Homebuyers Choice loan of $250,000 for 30 years at 3.750% interest and 4.022% APR will have a monthly payment of $1,157. 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.

8

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.