Navy Federal Credit Union

Get the Home You Want
Without Making a Down Payment

As a first-time homebuyer, choosing Navy Federal Credit Union's HomeBuyers Choice program means you don't have to worry about limitations of a down payment.

We offer both conforming and jumbo HomeBuyers Choice mortgages. The maximum loan limit for conforming loans is typically $417,000, though the loan limit can vary by state and county. Jumbo loans are for amounts greater than $417,000.

  • Fixed rate (payments stay the same through term)
  • No down payment options1
  • No Private Mortgage Insurance (PMI) or Upfront Mortgage Insurance Premium (UMIP) required
  • Jumbo financing available up to $1 million
  • Refinance options available (Note: The maximum loan-to-value ratio for refinances is capped at 97%.)
  • Seller contribution up to 6% allowed
  • 1.75% Funding fee can be waived for an increase of .375% to the interest rate.

Rates Rates as of:

Fixed Rates

Fixed-rate loan payments don't change for the entire term of the loan. Use the calculator to figure out how much you might pay and to view disclosure and payment example information.

Loan Type Interest Rates From2 Discount Points APR as Low As2
Calculator Apply
Term
15 years
Interest Rate
Rates based on creditworthi­ness, so your rate may differ
Loan Amount
Estimated Monthly Payment
$ Taxes & insurance not included, therefore the actual payment obligation will be greater.
Calculator Apply
Term
15 years
Interest Rate
Rates based on creditworthi­ness, so your rate may differ
Loan Amount
Estimated Monthly Payment
$ Taxes & insurance not included, therefore the actual payment obligation will be greater.
Calculator Apply
Term
30 years
Interest Rate
Rates based on creditworthi­ness, so your rate may differ
Loan Amount
Estimated Monthly Payment
$ Taxes & insurance not included, therefore the actual payment obligation will be greater.
Calculator Apply
Term
30 years
Interest Rate
Rates based on creditworthi­ness, so your rate may differ
Loan Amount
Estimated Monthly Payment
$ Taxes & insurance not included, therefore the actual payment obligation will be greater.
Calculator Apply
Term
30 years
Interest Rate
Rates based on creditworthi­ness, so your rate may differ
Loan Amount
Estimated Monthly Payment
$ Taxes & insurance not included, therefore the actual payment obligation will be greater.
Calculator Apply
Term
30 years
Interest Rate
Rates based on creditworthi­ness, so your rate may differ
Loan Amount
Estimated Monthly Payment
$ Taxes & insurance not included, therefore the actual payment obligation will be greater.