Find out what makes up your monthly mortgage payments and learn about convenient payment options. ... + Rates are based on an evaluation of credit history, so your rate may differ. The minimum down payment for a two-unit property is 10%. Please consult the site's policies for further information. LTV restrictions apply to refinance loans. Boat, Motorcycle and RV Loan Rates. The Jumbo rates quoted above are for loan amounts above $548,250 up to $2,000,000. Rates displayed are the as low as rates for purchase loans and refinances of existing Navy Federal loans. Please consult the site's policies for further information. Purchase loans require no down payment. How Navy Federal Credit Union’s mortgage products compare to other lenders. In AK, HI, Guam and the Virgin Islands, the Conforming loan limit is $822,375. 4. It's easy, fast and secure to send and receive money with your friends and family using Zelle. If you or your family have served in the armed forces, find out how Navy Federal … Obtaining the full $8,000 cash-back award requires transacting in a property valued at $1.75 million or greater. The rate of 2.875% is 0.41% lower than the average 3.28%. If rates go down, you'll have a chance to re-lock within 60 days at the lower rate at no cost to you.9, We can help you realize the dream of homeownership with mortgage options with no money down.10. Rates displayed are the "as low as" rates for purchase loans and refinances of existing Navy Federal loans. Adjustable rate mortgages are variable, and your annual percentage rate may increase or decrease after the original fixed rate period. Rates displayed are the "as low as" rates for purchase loans and refinances of existing Navy Federal loans. To continue enjoying all the features of Navy Federal Online, please update Microsoft® Internet Explorer® to the latest version, or use another compatible browser. And, since that time, our vision statement has remained focused on serving our unique field of membership: "Be the most preferred and trusted financial institution serving the military and their families. Conforming loans secured by two-unit properties are subject to an additional 1.00% discount point. Laddering your certificates is an excellent way to ensure you earn the best rates possible. In addition to competitive rates, the credit union is also offering 100 percent financing which is unusual for these times. Rates for refinance loans where the existing lender is not Navy Federal are subject to a 0.750% higher rate. Taxes and insurance not included; therefore, the actual payment obligation will be greater. Adjustable Rate Mortgages are variable, and your Annual Percentage Rate (APR) may increase after the original fixed-rate period. We've got options for military members, first-time homebuyers or those looking to finance. For full functionality of this site it is necessary to enable JavaScript. All Choice loan rates quoted above require a 1.00% loan origination fee. In MS, NJ, and OR, a commission reduction may be available at closing. Our great mortgage rates will bring you home. Conforming loan limit for two-family properties is $702,000. A fixed-rate loan of $250,000 for 15 years at 1.625% interest and 1.835% APR will have a monthly payment of $1,566. May include an additional funding fee, which may be financed up to the maximum loan amount. Navy Federal Credit Union is offering some very competitive mortgage rates. All Conforming and Jumbo HomeBuyers Choice & Military Choice rates quoted above require a 1.00% loan origination fee. The Jumbo rates quoted above are for loan amounts above $548,250 up to $2,000,000. MMSA Rates. Freedom Lock is available for new applications on purchase and refinance loans at no additional fee, with a maximum interest rate reduction of up to 0.50%. These loans begin with a low, fixed interest rate for the initial term and then adjust according to an index. Exclusively for Navy Federal members.11. For more information, please see our "Alternatives to Foreclosure" page. If rates go up, your rate stays the same. The size of your cash-back award depends on the value of the property you are buying or selling. Manufactured homes are subject to an additional 0.50% discount point. Rates for refinance loans where the existing lender is not Navy Federal are subject to a 0.750% higher rate. Available to eligible service members, this mortgage requires no down payment or private mortgage insurance, and has special fixed rates. Also, Navy Federal’s standard 1% loan origination fee can be rolled into the loan or waived in exchange for paying a higher mortgage rate, further reducing the amount of cash you need to close. This rate offer is effective 01/13/2021 and subject to change. 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