Eligible veterans, reservists, and Active Duty personnel and their eligible spouses with suitable credit, sufficient income and a valid Certificate of Eligibility (COE) can take advantage of 100% financing options with a VA Mortgage, guaranteed by the Department of Veterans Affairs. The property must be occupied by the veteran as their primary residence.
Finance options up to 100%1
Fixed rate (payments stay the same through term)
Max loan amounts determined by property location
No Private Mortgage Insurance (PMI) or Upfront Mortgage Insurance Premium (UMIP) required
Interest Rate Rates based on creditworthiness, so your rate may differ
Estimated Monthly Payment $Taxes & insurance not included, therefore the actual payment obligation will be greater.
VA Streamline Refinances
The VA streamline refinance program is also known as the VA IRRRL, which stands for Interest Rate Reduction Refinancing Loan. It's exclusively for those with VA home loans.
If you currently have a VA loan, consider a VA IRRRL. 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.
Available for existing VA mortgages only
No appraisal required
No VA-required inspections
Note: Homes currently listed for sale aren't eligible for refinancing.
Included with All Navy Federal Mortgages
Personal guidance from first call to closing
Navy Federal servicing for the life of your loan
1Product features subject to approval. 100% financing loans include an additional funding fee, which may be financed up to the maximum loan amount. Available for purchase loans only.
2Rates 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. For primary residences only. 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.
Since 1933, Navy Federal Credit Union has grown from seven members to over 6 million members. And since that time, our vision statement has remained focused on serving our unique field of membership:
Be the most preferred and trusted financial institution serving the military and their families.
To help fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, including joint owners.
What This Means For You
When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you.