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Auto Loan Rates1

Rates Table
Loan Type Up to 36 mos. APR as low as 37-60 mos. APR as low as 61-72 mos. APR as low as 73-84 mos. APR as low as 85-96 mos. APR as low as
New Vehicle 4.54% 4.99% 5.29% 7.19% 8.09%
Used Vehicle 5.44% 5.99% 6.09% N/A N/A

Rates as of Jun 18, 2024 ET.

Disclosures and Definitions
Advertised “as low as” annual percentage rates (APR) assume excellent borrower credit history. Your actual APR may differ and will be based upon several factors, including credit history, model year, term, and loan amount. Rates subject to change. Loan terms greater than 72 months only available for vehicles with fewer than 7,500 miles. Minimum loan amount is $30,000 for terms of 85-96 months.

New Vehicles: New and late model used vehicles (2023 and newer model years) with 30,000 or fewer miles.
Used Vehicles: 2022 and older model years or any model year with over 30,000 miles. Vehicles 20 years or older (based on model year) are considered classic or antique and subject to Other Eligible Vehicle rates.

 

Boat, Motorcycle and RV Loan Rates 2

Rates Table
Loan Type up to 36 mos. APR as low as 37-60 mos. APR as low as 61-72 mos. APR as low as 73-84 mos. APR as low as 85-180 mos. APR as low as
New Boat 8.45% 10.45% 10.45% 10.45% 10.45%
Used Boat 8.95% 10.50% 10.50% 11.40% 11.40%
New Motorcycle 8.95% 9.45% 9.45% 10.80% n/a
Used Motorcycle 8.95% 11.55% 11.55% n/a n/a
Other Eligible Vehicles 8.95% 8.95% 11.30% 11.30% 11.30%

Rates as of Jun 18, 2024 ET.

Boats: $25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed over 84 months.
New Motorcycles: $25,000 minimum amount financed for 61-72 months. $30,000 minimum amount financed for 73-84 months.
Used Motorcycles: $25,000 minimum amount financed for 61-72 months.

Other Collateral: $25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed for over 84 months. 

Certificate Special Offers3

Certificate special offers
Product Minimum Deposit Term Dividend Rate APY
Special EasyStartSM Certificate3 $50 12 months 5.16% 5.30%

Short-Term Certificate Rates (Share, IRA, ESA) 4

Short-Term Certificates Rate Table
Term $1K Minimum APY $20K Minimum APY $100K Minimum APY
3 Months 2.75% 2.75% 2.80%
12 Months 4.80% 4.80% 4.85%
18 Months 4.50% 4.50% 4.55%
24 Months 4.20% 4.20% 4.25%

Rates as of Jun 18, 2024 ET.

The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. 
Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly. 

Long-Term Certificate Rates (Share, IRA, ESA)4

Long-Term Certificates Rate Table
Term $1K Minimum APY $20K Minimum APY $100K Minimum APY
3 Years 4.00% 4.00% 4.05%
5 Years 3.80% 3.80% 3.85%
7 Years 3.80% 3.80% 3.85%

Rates as of Jun 18, 2024 ET.

The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. 
Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly. 

SaveFirst Certificate Rates4

SaveFirst Account
Product Minimum Deposit Term Dividend Rate APY
SaveFirst Account $5.00 3–60 Months 0.40% 0.40%

The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly.

EasyStart Certificate Rates (Share, IRA, ESA)4

Rates Table
Term Minimum Deposit Dividend Rate APY
12 Months $50.00 4.64% 4.75%
18 Months $50.00 4.35% 4.45%
24 Months $50.00 4.07% 4.15%

Rates as of Jun 18, 2024 ET.

The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding.
Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly.

Money Market Savings Account (MMSA) Rates — Savings, IRA & ESA4

Minimum Deposit Dividend Rate APY
$0 - $2,499 0.00% 0.00%
$2,500 - $9,999 0.95% 0.95%
$10,000 - $24,999 1.05% 1.06%
$25,000 - $49,999 1.09% 1.10%
$50,000 and over 1.49% 1.50%

Compounded and credited monthly. Must maintain a minimum daily balance of $2,500 to earn dividends. Rates on variable-rate accounts (e.g., Share Savings, Checking, and MMSA) could change after account opening. Fees may reduce earnings.

Open an MMSA Account Now

Jumbo Money Market Savings Account (MMSA) Rates — Savings & IRA4

Minimum Deposit Dividend Rate APY
$0 - $99,999 0.25% 0.25%
$100,000 - $249,999 1.64% 1.65%
$250,000 - $499,999 1.83% 1.85%
$500,000 - $999,999 2.03% 2.05%
$1,000,000 and over 2.23% 2.25%

Compounded and credited monthly. Rates on variable-rate accounts (e.g., Share Savings, Checking, and MMSA) could change after account opening. Fees may reduce earnings. Should the balance in a Jumbo MMSA account fall below $100,000, the dividend rate paid will be the Savings Account rate for each day the account is below $100,000.

Open a Jumbo MMSA Account Now

Savings Account Rates4

Product Minimum Deposit Term Dividend Rate APY Compounded & Credited
Share Savings Account $5.00 None 0.25% 0.25% Monthly
IRA Share Accounts (ESA, Roth, SEP And Traditional) None None 0.25% 0.25% Monthly

Fees may reduce earnings. Offering rates may change.


Checking Account Rates4

Product Minimum Deposit Dividend Rate APY
Free Everyday Checking None 0.010% 0.010%
Free Active Duty Checking None 0.050% 0.050%
Free Campus Checking None 0.050% 0.050%
Free Easy Checking None 0.050% 0.050%
Flagship Checking $0.00 to $9,999** 0.350% 0.350%
Flagship Checking $10,000 to $24,999 0.400% 0.400%
Flagship Checking $25,000 and over 0.450% 0.450%

Rates on variable rate accounts (i.e., Savings, Checking and MMSA) could change after account opening. Fees may reduce earnings. Offering rates may change. Compounded and credited monthly. 
** 
Must maintain an average daily balance of $1,500 to earn dividends. 

Checking Protection Rates

Product APR as low as
Checking Line of Credit 13.9%

Write yourself a loan, anytime, up to your approved credit limit, plus have checking protection for your checking account.
Rates based on creditworthiness, so your rate may differ. Rates range from 13.9% APR to 17.9% APR.
Repayment terms of 2% of outstanding balance or $20, whichever is greater.


Credit Card Rates

Rates Table
Credit Card APR as low as ⁺
Visa Signature® Flagship Rewards 15.24%
cashRewards Visa/Mastercard 14.90%
Navy Federal More Rewards American Express® Card 14.90%
GO REWARDS® Visa/MasterCard 14.24%
Platinum Visa/MasterCard 11.24%
nRewards Secured® Visa/MasterCard 18.00%

Rates as of Jun 18, 2024 ET.

+Rates are based on product type and creditworthiness, so your rate may differ. Please see the Terms and Conditions for more details. Variable APRs apply to purchases, balance transfers, and convenience checks. The APR applicable to cash advance transactions will be a variable cash advance APR up to 2% higher than the APR for purchases. No fees for ATM cash advances if performed at a Navy Federal branch or an ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction. $49 annual fee for Visa Signature® Flagship Rewards.

Conventional Fixed Mortgage Rates 5

Rates Table
Term Interest Rates As Low As Discount Points APR As Low As
15 Year 5.625% 0.250 5.820%
15 Year Jumbo 6.000% 0.250 6.197%
30 Year 6.250% 0.500 6.394%
30 Year Jumbo 6.625% 0.500 6.772%

Rates as of Jun 18, 2024 ET.

Rates subject to change.

Rates are based on an evaluation of credit history, so your rate may differ. For primary residences and second homes 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. Rates displayed are the "as low as" rates for purchase loans and refinances.

VA Loan Rates 6

Rates Table
Term Interest Rates As Low As Discount Points APR As Low As
15 Year 5.500% 0.500 6.196%
30 Year 5.875% 0.750 6.327%

Rates as of Jun 18, 2024 ET.

Rates subject to change.

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. Maximum loan amounts for VA loans are determined by property location. All VA loans are subject to a funding fee of up to 3.30% of the loan amount.

Rates displayed are the "as low as" rates for purchase loans and refinances.

Adjustable-Rate Mortgage Loans7

Rates Table
Loan Type Interest Rates As Low As Discount Points APR As Low As Payment Example
3/5 Conforming ARM 5.125% 0.250 6.176% 3/5 Conforming ARM Payment Example
3/5 Jumbo ARM 5.125% 0.250 6.186% 3/5 Jumbo ARM Payment Example
5/5 Conforming ARM 5.375% 0.250 6.112% 5/5 Conforming ARM Payment Example
5/5 Jumbo ARM 5.375% 0.250 6.112% 5/5 Jumbo ARM Payment Example

Rates as of Jun 18, 2024 ET.

Rates subject to change .Rates are based on an evaluation of credit history, so your rate may differ. For primary residences and second homes. Adjustable-rate mortgages are variable, and your annual percentage rate may increase or decrease after the original fixed rate period. All rates quoted above require a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Payments on all ARMs are based on a 30-year amortization.

3/5 and 5/5 ARM Loans: Mortgage insurance is not required. The minimum down payment for a two-unit property is 10%. Rates displayed are the "as low as" rates for purchase loans and refinances.

Homebuyers Choice Loan Rates 8

Rates Table
Term Interest Rates As Low As Discount Points APR As Low As
30 Year 7.000% 0.500 7.331%
30 Year Jumbo 7.375% 0.500 7.713%

Rates as of Jun 18, 2024 ET.

Rates subject to change.

Rates are based on an evaluation of credit history, so your rate may differ.
All Conforming and Jumbo HomeBuyers Choice 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 Conforming and Jumbo HomeBuyers 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.

Purchase loans require no down payment. LTV restrictions apply to refinance loans. Rates displayed are the "as low as" rates for purchase loans and refinances.

Military Choice Loan Rates 9

Rates Table
Term Interest Rates As Low As Discount Points APR As Low As
30 Year 6.875% 0.500 7.203%
30 Year Jumbo 7.250% 0.500 7.586%

Rates as of Jun 18, 2024 ET.

Rates subject to change.

Rates are based on an evaluation of credit history, so your rate may differ.
All Military Choice 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 Military 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.

Purchase loans require no down payment. LTV restrictions apply to refinance loans. Rates displayed are the "as low as" rates for purchase loans and refinances.

Note: to be eligible for Military Choice, at least one borrower must be Active Duty or a veteran.

Rates, discount points and terms are based on an evaluation of each member's credit history, loan-to-value (LTV), occupancy, payment type, loan amount and loan purpose, so your rate and terms may differ. All loans are subject to credit approval. Questions? Please contact Navy Federal at 1-888-842-NFCU (6328).

Navy Federal also offers home loans for investment properties. When reviewing quotes from other lenders, make certain you obtain the discount points and any origination fees for comparison with Navy Federal's rates. APRs reflect down payment/equity, unless otherwise noted.

Conforming Loans

Loan amounts up to $766,550. In AK and HI, the Conforming loan limit is $1,149,825.

Jumbo Loans

Loan amounts greater than $766,550. The Jumbo rates quoted above are for loan amounts above $766,550 up to $2,000,000. The maximum loan amount for Jumbo HomeBuyers Choice or Military Choice loans is $1,000,000.

Two-Four Unit Properties

VA Loans: Two-Four unit properties allowed.
Conventional Loans: Two unit properties are allowed. The minimum down payment for a two-family property is 15% (excludes 3/5 and 5/5 ARM products, see above). Conforming loan limit for two-family properties is $981,500. In AK and HI, the Conforming loan limit for two-family properties is $1,472,250.

Cash-Out Refinance

Any refinance mortgage where the proceeds will be used to pay any debt other than debt used in the purchase of the home is considered a cash-out refinance. Additional discount points will apply to cash-out loans, which are based on credit history and loan-to-value. Cash-Out Refinance is not allowed on Choice products.

Other 

Loans with subordinate financing and loans secured by condominium properties may require additional discount points. Conforming loans secured by two-unit properties are subject to an additional 1.00% discount point. Manufactured homes are subject to an additional 0.50% discount point.

Rate Lock Policy

Extended Lock Options (Purchase and Refinance New Construction Only)

Available for Conventional and VA Loans. Fee is non-refundable, and if charged to the discount points, it must be collected up-front for Conventional Loans. The Long Term/Extended Price Lock option must be selected at time of lock and is not eligible for the Special Freedom Lock Promotion for purchase and refinance loans unless otherwise stated below.

  • 90 days - additional 0.125 discount point
  • 120 days - additional 0.250 discount point or 0.125% in rate
  • 180 days - additional 1.000 discount point or 0.250% in rate
  • 270 days - additional 1.500 discount points or 0.375% in rate
  • 360 days - additional 2.000 discount points or 0.500% in rate

PURCHASE AND REFINANCE LOANS

The Standard Price Lock - Commitment is 60 days from the lock date at no additional cost.

The Float to Lock Option

If you select the Float to Lock Commitment, it means that you want to allow the interest rate and/or discount points to float with the market. You must lock in your interest rate and/or discount points at least seven (7) calendar days prior to settlement/closing.

The Freedom Lock Option

The Freedom Lock Option is available on refinance and purchase loans for a non-refundable 0.250% fee added to the origination. You will have the opportunity to relock one time if rates improve, with no maximum interest rate reduction. The fee must be collected up-front. VA Loans are not eligible for the Freedom Lock Option.

The Special Freedom Lock Promotion

The Special Freedom Lock Promotion is subject to change at any time. Offer is available for new loan applications at no additional fee, with a maximum interest rate reduction of up to 0.500%. You will have the opportunity to relock twice if rates improve, and your loan must close within your initial lock commitment period. The Special Freedom Lock option is available for:

  • refinance applications (maximum 60-day lock commitment period)
  • purchase applications (60- or 90-day initial lock commitment period only)

Lock and Shop Option

The Lock and Shop option is available for purchase transactions under the Verified Pre-Approval Loan (VPAL) program. It allows members to lock their rate while they shop for a property for a fee of 0.125% in rate. Members have 60 calendar days to secure a ratified sales contract, plus 60 additional calendar days for Navy Federal to process and close their loan (total 120-day lock commitment). In the event the VPAL expires or a ratified contract is not secured within the first 60 days, whichever happens first, the lock will become void and the loan will revert to float status, subject to standard rate lock policies. If rates improve after a ratified sales contract is secured, members are eligible for a one-time re-lock with a maximum interest rate reduction of up to 0.500% at no additional cost.


Fixed-Rate Home Equity Loan Rates10

Loan Type APR As Low As Max Loan Amount
Fixed Equity 5 Years 7.340% $500,000
Fixed Equity 10 Years 7.650% $500,000
Fixed Equity 15 Years 7.950% $500,000
Fixed Equity 20 Years 8.350% $500,000

Rates subject to change.

Home Equity Line of Credit Rates11

Loan Type APR As Low As Max Loan Amount
Home Equity Line 8.750% $500,000
Home Equity Line - Investment 10.750% $100,000
Home Equity Line - Interest Only 9.750% $250,000

Rates subject to change.


Personal Loan Rates

Rates Table
Repayment Terms APR as low as
37-60 Months 15.29%
61-180 Months 15.79%
Up to 36 Months 8.99%

Rates as of Jun 18, 2024 ET.

Rates are subject to change and based on creditworthiness, so your rate may differ. Personal Loan rates range from 8.99% to 18.00% APR.
Payment Example: A loan amount of $5,000 for 36 months has a payment range from $160 to $183 and finance charge range from $763 to $1,598. 

Terms greater than 60 months available for home improvement loans. $25,000 minimum amount financed for 61 to 84 months. $30,000 minimum for amount financed over 84 months.

Savings Secured Loan Rates

Repayment Terms APR as low as 
Up to 60 months Share rate plus 2.00%
61 to 180 months Share rate plus 3.00%

Payment Example: Share rate plus 2.00%. Loan amount of $3,000 at 2.25% APR for 60 months has a payment of $53.
Maintain a balance in your share savings account that is equal to the balance of your loan. As you pay down the loan, fewer shares are required to be secured.

In general, the following minimum loan amounts are required for extended term loans: $25,000 for loan terms of 61 to 84 months; $30,000 for loan terms of 85 to 180 months.  Certain loan purposes may require higher minimum loan amounts. Permissible loan purposes for extended term loans include home improvements and the purchase of land, airplanes, fully self-contained recreational vehicles, and boats.  Terms may apply.  Call or visit a branch for additional information.

Certificate Secured Loan Rates

Repayment Terms APR as low as 
Up to 60 months Certificate rate plus 2.00%

Payment Example: Certificate rate plus 2.00%. Loan amount of $3,000 at 6.20% APR for 60 months has a payment of $59. (Payment example based on a 7-year certificate with a 4.20% APY.)
Shares within a Standard Certificate account are pledged for the loan. The amount of the loan cannot exceed the number of shares in the certificate. The loan term must be equal to or less than the certificate term.


Disclosures

1

Credit and collateral subject to approval. Advertised “as low as” annual percentage rates (APR) assume excellent borrower credit history. Your actual APR may differ and will be based upon several factors, including credit history, model year, term, and loan amount. Rates subject to change.

New Vehicles: New and late model used vehicles (2023 and newer model years) with 30,000 or fewer miles. Loan terms greater than 72 months only available for vehicles with fewer than 7,500 miles. Minimum loan amount is $30,000 for terms of 85-96 months.

Payment example: New auto loan of $20,000 for 36 months at 4.54% APR will have a monthly payment of $597.

Used Vehicles: 2022 and older model years or any model year with over 30,000 miles. Vehicles 20 years or older (based on model year) are considered classic or antique and subject to Other Eligible Vehicle rates

2

Credit and collateral subject to approval. Rates subject to change and are based on creditworthiness, so your rate may differ. Boat and recreational vehicles must be used for recreational purposes only.

Boats: New boat loan of $20,000 for 3 years at 8.45% APR will have a monthly payment of $635. $25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed over 84 months.

New Motorcycles: 2023, 2024 and 2025 model years with less than 1,000 miles. New motorcycle loan of $15,000 for 3 years at 8.95% APR will have a monthly payment of $480. $25,000 minimum amount financed for 61-72 months. $30,000 minimum amount financed for 73-84 months.

Used Motorcycles: 2022 and older model years, or more than 1,000 miles regardless of title history. $25,000 minimum amount financed for 61-72 months.

Other Collateral: Loan for other collateral of $15,000 for 3 years at 8.95% APR will have a monthly payment of $480. $25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed for over 84 months. Collateral loans available for up to 180 months for home improvement on your primary residence.

3

Limit one Special EasyStart Certificate per member. The Special EasyStart Certificate has a $50 minimum balance and a $3,000 maximum contribution limit. Additional deposits are allowed at any time subject to the maximum contribution limit. Certificate owner(s) age 18 and older must have direct deposit* or a payroll allotment and a Navy Federal checking account within 90 days of the certificate issue date. If these requirements have not been satisfied by the 90th day, your Special EasyStart Certificate dividend rate will be adjusted to the prevailing dividend rate of the 12-month EasyStart Certificate for the remainder of the certificate's term. At maturity, the Special EasyStart Certificate will automatically renew and any amount exceeding the $3,000 maximum contribution limit will be transferred to your Membership Savings Account unless instructed otherwise.

*You may qualify for direct deposit if you have (1) a recurring ACH from employer, military pay, or certain government agency pay or benefits in your name that is deposited into a Navy Federal deposit account where you are Primary or Secondary Owner; OR (2) Mobile deposits, ATM deposits, or Branch deposits totaling at least $500 and recurring for at least three out of four consecutive months that are deposited into Navy Federal deposit accounts where you are Primary Owner; OR (3) monthly Non-payroll ACH totaling at least $500 and recurring for at least three out of four consecutive months that are deposited into Navy Federal deposit accounts where you are Primary Owner; OR (4) monthly Non-payroll ACH totaling at least $500 and recurring for at least three out of four consecutive months that are deposited into Navy Federal deposit accounts where you are Secondary Owner.

4

Rates as of 06/18/2024

5

A fixed-rate loan of $300,000 for 30 years at 6.250% interest and 6.394% APR will have a monthly payment of $1,847.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. Includes a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Discount points are included. Occupancy restriction applies. All loans subject to credit approval.

6

$300,000 mortgage for 30 years at 5.875% (6.327% APR) will result in a monthly payment of $1,774. Taxes and insurance not included; therefore the actual payment obligation will be greater. Includes a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Discount points are included. All VA rules, guidelines and additional program requirements will apply. All loans subject to approval. Navy Federal has no affiliation with U.S. Department of Veterans Affairs or any other government agency.

 

7

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.

8

A Homebuyers Choice loan of $300,000 for 30 years at 7.000% interest and 7.331% APR will have a monthly payment of $1,995. Taxes and insurance not included; therefore, the actual payment obligation will be greater. Includes a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Discount points are included. Occupancy restriction applies. All loans subject to credit approval.

A Jumbo Homebuyers Choice loan of $1,000,000 for 30 years at 7.375% interest and 7.713% APR will have a monthly payment of $6,906. 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 $766,550 in most states. The jumbo rates quoted above are for loan amounts above $766,550 up to $1,000,000.

Rates displayed are “as low as” and effective 06/18/2024 for purchase and refinance loans, and require a 1.00% loan origination fee, which may be waived for a 0.25% increase in the interest rate. Displayed rate may include discount points. Rates are subject to change. Rates vary based on creditworthiness, loan-to-value (LTV), occupancy, property type and loan purpose, and/or other factors. All loans subject to credit approval.

9

A Military Choice loan of $300,000 for 30 years at 6.875% interest and 7.203% APR will have a monthly payment of $1,970. 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 $766,550. The Jumbo rates quoted above are for loan amounts above $766,550 up to $1,000,000.

10

Home Equity Loans are fixed-rate loans. Rates are as low as 7.340% 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-Rate Equity Loan monthly payment based on $100,000 at 7.650% APR for 20 years is $814.79. Taxes and insurance not included; therefore, the actual payment obligation will be greater. Navy Federal will pay for all closing costs on new Fixed-Rate Equity Loan applications dated on or after June 1, 2023. Covered closing costs include lender fees and fees paid to third parties, such as settlement fees, credit reports, flood determinations, property valuations (including appraisals, if required), title searches, lender’s title insurance, recording, mortgage transfer taxes, and government charges. For loan amounts of up to $250,000, closing costs that members may pay typically range between $300 and $2,000. The member is responsible for escrow payments and/or prepaid costs, if required, including property taxes and assessments, homeowners’ and flood insurance premiums, association fees/dues and assessments, and prepaid interest. You must carry homeowners’ insurance on the property that secures this plan. All loans subject to approval. Offer is subject to change or cancellation without notice.

11

Home Equity Lines of Credit (HELOC) are variable-rate lines. Rates are as low as 8.750% APR and 9.750% for Interest-Only Home Equity Lines of Credit and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, line amount, and occupancy, so your rate may differ. HELOC has a minimum APR of 3.99% and a maximum APR of 18%. Members who choose to proceed with an Interest-Only HELOC may experience significant monthly payment increases when the line of credit enters the repayment phase. Navy Federal will pay for all closing costs on HELOC applications dated on or after June 3, 2024. Covered closing costs paid to 3rd parties include settlement fees, credit reports, flood determinations, property valuations (including appraisals, if required), title searches, lender’s title insurance, recording, and government charges. The member is responsible for prepaid interest and escrow payments for 1st lien HELOCs. Member must carry homeowners’ insurance on the property that secures the HELOC. For loan amounts up to $250,000, closing costs typically range between $300 and $2,000. Applications for a HELOC include a request for a HELOC Platinum Credit Card. All loans subject to approval. Offer is subject to change or cancellation without notice. Rates are subject to change. HELOC loans are not available in Texas.