Navy Federal
Home | Locations/ATMs | Search/Sitemap | Contact Us | Sign On  
Navigation
  Home > Loans > Mortgages > Balloon

Balloon

Our 7-Year balloon has lower interest rates resulting in lower monthly payments and easier qualifying.

Payments are based on a 30-year fixed-rate term for seven years, then you can either:

  • Pay balance in full
  • Refinance using 7-Year Balloon Option (for a $250 processing fee). Certain conditions apply
  • Refinance under standard mortgage refinancing program

View payment example.


Apply Now


Some restrictions may apply in Florida and California.
 
 
Personal Finance Planning and Tools About Navy Federal