Fixed-Rate Equity Loan

Enjoy a fixed rate for the life of your loan with the stability of set monthly payments. You receive the entire loan amount at closing.
(Some restrictions apply in Texas.)

  • 0.25% rate discount with automatic payments1
  • Closing cost credits2
  • 5-, 10-, 15- and 20-year terms available3
  • Borrow up to 100%4 of the property value

1Rate discount is applied after your application is accepted. Discount is available for new Fixed Equity Loan and Home Equity Line of Credit applications. You must set up and maintain monthly recurring automatic payments from your Navy Federal checking account for the life of the loan; otherwise, the 0.25% rate discount will be removed, and your loan will revert to the original note rate. The minimum APR that can apply during the Home Equity Line of Credit plan is 3.99%. Offer must be accepted prior to loan closing, and is subject to change or cancellation without notice.

2Special offer. Navy Federal will pay most closing costs on new Equity Loan applications (Fixed Equity Loans and Home Equity Lines of Credit), including settlement fees, flood determination fee, title search and notary fees. Offer excludes government fees and recording charges, credit report fees, taxes, and when required, appraisal fees, title insurance and any fees associated with condominium properties. Loans paid off and closed in less than three years from the loan origination date will require reimbursement of all closing costs paid by Navy Federal. Reimbursement does not apply to Texas equity loans, and loans paid off with a Navy Federal equity/mortgage loan. For loan amounts up to $250,000, closing costs that members must pay typically range between $150 and $1,200 ($250 and $1,900 in NY, ID and TX). Closing costs depend on the location of the property, property type and the amount of the Equity Loan. Offer is not valid for Fixed Equity Loans/Home Equity Lines of Credit used for a home purchase. Offer is subject to change or cancellation without notice.

3Rates are as low as 4.87% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount and occupancy, so your rate may differ. A sample Fixed Equity Loan payment based on $100,000 at 6.37% APR for 20 years is $737.94.

4Some restrictions may apply. The maximum CLTV for investment properties is 70%.

Rates and Terms


Member Resources

Home Equity Line Platinum Card