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Refinancing Loans

Swap out your old loan for a new (and better!) one. Whether you have an existing Navy Federal Credit Union loan or one with another lender, we have options that may save you money. Rest assured you can count on us for great rates and experienced personalized service for the life of your loan. Homes currently listed for sale aren't eligible for refinancing. Enjoy all the features of our refinance mortgage loans.

  • Fixed-rate and adjustable-rate mortgages (ARMs) available
  • No pre-payment penalties
  • Refinance options up to 100% loan-to-value (LTV)
  • No Private Mortgage Insurance (PMI) or Upfront Mortgage Insurance Premium (UMIP) on many loans
Eligible Refinance Options1
Rates as of:
Available to eligible servicemembers and backed by the Department of Veterans Affairs (VA), this fixed-rate loan offers 100% financing options.2
Interest rate as low as1
call
APR as low as1
call
Term:
10- to 30-year
Max. Loan-to-Value (LTV):
100%
More Details:
Fixed rate. No Mortgage Insurance (MI).
It's an easy way to refinance your VA loan to the lowest fixed rate available and lower your monthly payments with minimal out-of-pocket costs.2
Interest rate as low as1
call
APR as low as1
call
Term:
10- to 30-year
Max. Loan-to-Value (LTV):
Loan amount maximum is existing payoff plus certain closing costs.
More Details:
Fixed rate. No Mortgage Insurance (MI).
Offering eligible servicemembers easier qualification and a special rate on this fixed-rate mortgage.3
Interest rate as low as1
call
APR as low as1
call
Term:
16- to 30-year
Max. Loan-to-Value (LTV):
97%
More Details:
Fixed Rate. No PMI.
Fixed rate. No PMI.
Interest rate as low as1
call
APR as low as1
call
Term:
10- to 30-year
Max. Loan-to-Value (LTV):
95%
More Details:
Fixed rate. No PMI.
Fixed rate. No PMI.3
Interest rate as low as1
call
APR as low as1
call
Term:
10- to 30-year
Max. Loan-to-Value (LTV):
97%
More Details:
Fixed rate.
Insured by the Federal Housing Administration (FHA).
Interest rate as low as1
call
APR as low as1
call
Term:
10- and 30-year fixed, 30-year (ARM)
Max. Loan-to-Value (LTV):
97.75%
More Details:
Fixed and adjustable rate.
Another popular choice, these loans begin with a fixed interest rate for the initial term and then adjust according to an index.
Interest rate as low as1
call
APR as low as1
call
Term:
10- to 30-year
Max. Loan-to-Value (LTV):
Up to 95%, based on loan product
More Details:
Adjustable rate. No PMI for many loans. Jumbo, conforming and interest-only options available.
Available as both fixed and adjustable rate, these loans can be used for both primary and second homes.
Contact us for rates on Interest-Only mortgages
Term:
30-year
Max. Loan-to-Value (LTV):
80%
More Details:
No PMI.
 
Interest Rate
as Low as1
APR
as Low as1
Amortization Terms
Maximum Loan-to-Value (LTV)
Fixed/
Adjustable
Military Only
PMI/UMIP
Required2
Refinancing
Second Home
Investment
Property
 
call
10- to 30-year
100%
Fixed
No
call
16- to 30-year
97%
Fixed
No
call
10- to 30-year
95%
Fixed
No
call
10- to 30-year
97%
Fixed
No
call
10- to 30-year (Fixed)
30-year (ARM)
97.75%
Both
Yes
call
10- to 30-year
Up to 95%,
based on product
Adjustable
Varies by
Product
Contact us for rates on Interest-Only mortgages
Contact us for APRs on Interest-Only mortgages
30-year
80%
Both
No
Included with All Navy Federal Mortgages
  • Nationwide availability
  • Personal guidance from first call to closing
  • Navy Federal servicing for the life of your loan
For questions, call us at 1-888-842-6328.

1Rates are based on evaluation of credit history, loan-to-value, and loan term, so your rate may differ. Rates subject to change at any time. Rates quoted above require a loan origination fee. The loan origination fee may be waived for a 0.25% rate increase. Many of these programs carry discount points which may impact your rate.

2100% financing loans include an additional funding fee, which may be financed up to the maximum loan amount. Product features are subject to approval. Available for purchase loans only. Federal Housing Administration (FHA) loans require a minimum of 3.5% down payment. FHA loans are subject to an upfront mortgage insurance premium of 1.75% of the loan amount, in addition to a monthly mortgage insurance premium, depending on the loan term and loan-to-value (LTV).

3All Choice loans 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. Purchase loans require no down payment. LTV restrictions apply to refinance loans.