Special Update for Mortgage Applicants: Due to a high volume of applications, it may take us longer than normal to respond. We’re working to process applications to the best of our ability. Thanks for your patience.
As of: June 28, 2022, 1:00 AM EST

Fixed Loans

ProductInterest Rates as
low as*
Discount PointsAPR as
low as*
15 Yr Conforming4.750%0.7505.017%
15 Yr Jumbo4.750%0.7505.017%
30 Yr Conforming5.125%1.0005.305%
30 Yr Jumbo4.875%1.0005.052%

*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 of existing Navy Federal loans.

VA Loans

ProductInterest Rates as
low as*
Discount PointsAPR as
low as*
30 Yr VA4.625%1.0005.067%
15 Yr VA4.500%0.7505.216%

*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 3.6% of the loan amount.

Rates displayed are the as low as rates for purchase loans and refinances of existing Navy Federal loans.

Adjustable Rate Mortgage Loans

ProductInterest Rates as
low as*
Discount PointsAPR as
low as*
5/5 Conforming ARM4.000%0.2505.068%
5/5 Jumbo ARM4.000%0.2505.068%
3/5 Conforming ARM3.625%0.2505.167%
3/5 Jumbo ARM3.625%0.2505.177%

*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 of existing Navy Federal loans.

100% Financing Loans

ProductInterest Rates as
low as*
Discount PointsAPR as
low as*
30 Yr Military Choice6.375%0.5006.693%
30 Yr HomeBuyers Choice6.500%0.5006.821%
30 Yr Jumbo Military Choice6.625%0.5006.948%
30 Yr Jumbo HomeBuyers Choice6.750%0.5007.076%

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

All Conforming and Jumbo HomeBuyers Choice & 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 Conforming and Jumbo HomeBuyers Choice & Military Choice loans are subject to a funding fee of 1.75% of the loan amount. 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 of existing Navy Federal loans.

Additional Information

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) or visit www.navyfederal.org.

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 $510,400. In AK and HI, the Conforming loan limit is $765,600. Jumbo Loans: Loan amounts greater than $510,400. The Jumbo rates quoted above are for loan amounts above $510,400 up to $2,000,000. The maximum loan amount for Jumbo HomeBuyers Choice or Military Choice loans is $1,000,000.

Two-Unit Properties 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 $653,550. In Alaska and Hawaii, the Conforming loan limit for two-family properties is $980,325.

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.

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.

Fixed Mortgage Loans Payment Example: A sample principal and interest payment on a $250,000 fixed-rate loan at 4.982% APR for 30 years is $1,308.64. Taxes and insurance not included; therefore, the actual payment obligation will be greater.

Rate Lock Policy:

PURCHASE LOANS

The Long Term/Extended Price Lock - Commitments for Purchase Loans - 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.

PURCHASE AND REFINANCE LOANS

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

2. 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.

3. 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.

4. The Special Freedom Lock Promotion - The Special Freedom Lock Promotion is a limited-time offer and 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:


Payment Example