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Mortgages At-A-Glance
Navy Federal mortgage programs are designed to fit your needs and include:
- Navy Federal servicing for the life of your loan
- No hidden fees
- Great rates
- Qualify with little money down
Use the following chart to compare features for our mortgage programs.
Loans with FIXED payments for the life of the loan
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- You want the stability of fixed monthly payments.
- You expect interest rates to rise.
- You plan to stay in your home for a long time.
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- Fixed payments for the life of the loan
- 15-, 30- or 40-year terms
- No PMI for most loans
- Biweekly payments available
- Jumbo financing available
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- You have little to no money for a down payment.
- You're a first-time home buyer.
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- Fixed payments for the life of the loan
- 15-, 30- or 40-year terms
- No PMI
- Loans up to $850,000
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- You're an active duty member.
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- Fixed payments for the life of the loan
- 30- or 40-year term
- No PMI
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- You're an eligible veteran.
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- Fixed payments for the life of the loan
- 15- or 30-year terms
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Loans with FLEXIBLE payment options
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- You need a larger loan amount but want to keep your payments lower.
- You plan to move or refinance in a certain number of years.
- You expect your income to increase.
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- Lower fixed-rate loan payments for the initial term
- Initial term of 3-, 5-, or 7-years followed by 1-year interest rate adjustments
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(A special Navy Federal program)
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- You're looking for an alternative to refinancing with a guaranteed rate every two years.
- You have little to no money for a down payment.
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- Lower fixed-rate loan payments for the initial term of 2 years
- Interest rate adjusts every 2 years
- Easy refinance option
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- You want a lower interest rate and monthly payments.
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- Payments based on a 30-year fixed-rate term for 7 years
- After 7 years, choose to pay balance in full or refinance
- Jumbo financing available
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Loans for additional property needs
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- The financing is for a weekend or vacation home that you may want to rent out for a portion of the year.
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- 15-, 30- or 40-year terms
- No PMI for most loans
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- The financing is for an investment property.
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- Various repayment terms available
- After initial term, choose to pay balance in full or refinance
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Savings & Checking
Loans
