Fixed Equity Loans

Enjoy a fixed rate for the life of your loan with payment amounts that never change. You receive the entire loan amount at closing. Some restrictions in Texas.

• .25% rate discount with automatic payments¹
• Borrow up to $1,000,000²
• Repayment term up to 20 years
• Borrow up to 90%² of the property value
• Limited-time offer! Pay no lender closing costs on your Equity Loans³

1. Rate discount is applied after your application is accepted. Discount is available for new Fixed Equity Loan applications. 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 .25% above your original Note rate.

2. Some restrictions may apply.

3. 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 2 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. For loan/line amounts between $350,000 and $1 million, closing costs typically range between $600 and $20,000. The closing costs depend on the location of the property and the amount of the Equity Loan. Offer excludes Equity Loans/Lines of Credit used for a home purchase and the appraisal fee, if an appraisal is necessary.

A sample Fixed Equity Loan payment based on $100,000 at 7.00% APR for 20 years is $775.30.