Smart Rates for Equity Loans, Lines of Credit

Fixed Equity Loans as Low as 5.90% APR¹ with automatic payments

Home EquityLines of Credit as Low as 3.50% APR¹ with automatic payments

Enjoy the security of low monthly payments with a fixed equity loan or line of credit at exceptional rates when you set up automatic payments. This can be a smart way to consolidate other bills into one fixed, monthly payment or use it to pay for college tuition. Get a loan at an exceptional rate from a lender you can trust.

Benefits include:

• No application fee
• No lender closing costs²
• No annual fee
• No pre-payment penalty

> Apply for a Home EquityLine of Credit    read more | rates

> Apply for a Fixed Equity Loan    read more | rates

1. Annual Percentage Rate. You must set up and maintain monthly recurring automatic payments from your Navy Federal checking account for the life of the loan, otherwise your rate will increase 0.25% above your original Note rate. Rates are subject to change and based on various credit and property evaluation criteria, so your rate may differ. All loans are subject to credit approval. Home EquityLine of Credit rates are based on the prime rate as published in the Wall Street Journal on the first work day of every month. Current rates range from 3.50% APR to 11.00% APR with a plan maximum of 18% APR. You must carry insurance on the property that secures this loan. Home EquityLines of Credit unavailable in Texas.

2. Limited offer. Navy Federal will pay closing costs (excluding government recording and transfer charges) on new equity loan applications (fixed equity loans/lines of credit). Loans paid off and closed in less than 3 years from the loan origination date will require reimbursement of all closing costs paid by Navy Federal. For loan/line amounts up to $350,000, closing costs typically range between $150 and $900. The closing costs depend on the location of the property and the amount of the equity loan. Offer excludes fixed equity loans/lines of credit used for a home purchase and the appraisal fee, if an appraisal is necessary.