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Last Updated: 04/18/2025

Navy Federal Home Equity Loans

in Home Equity Loans from Navy Federal Credit Union

Last Updated: 04/18/2025

Strongly recommended6 total votes

6 users recommend

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Highlights

Community Rating

Strongly recommended

Credit Score Range

580 - 850

Amount Range

$10,000 - $500,000

Maximum LTV

100%

Loan Term (Years)

5 - 20

Number of Reviews

Navy Federal Home Equity Loans Review

Navy Federal Home Equity Loans is offered by Navy Federal Credit Union (NMLS #399807), a credit union founded in 1933 and based in Vienna, VA. Navy Federal are available in 31 states and Washington, DC.

Key Takeaways

Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
Fast process. In some cases you can close on your home loan within 3 business days.
No origination fees. Navy Federal Home Equity Loans does not charge fees for processing your application.
High maximum LTV ratio. Navy Federal Home Equity Loans has a maximum loan to value ratio of 100%.
Fair credit accepted. Borrowers with a credit score as low as 580 may qualify for Navy Federal Home Equity Loans.

Navy Federal Home Equity Loans Pros & Cons

Pros

Cons

No origination fees.
No prepayment penalty.
Considers applicants with fair credit.
Available in 31 states.

No co-sign option available.

Navy Federal Home Equity Loans FAQ

How much can you borrow with a Navy Federal Home Equity Loans home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.

Navy Federal Home Equity Loans allows borrowers to apply for home equity loans of up to $500,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

What are the home equity loan requirements of Navy Federal Home Equity Loans

This lender's maximum loan to value rate is 100%. That means the total debt secured by the property cannot exceed 100% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $80k.

Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate. However, Navy Federal Home Equity Loans does not charge an origination fee.

What is the estimated funding time for a home loan via Navy Federal Home Equity Loans?

Navy Federal Home Equity Loans will typically fund home equity loans within 3 to 10 days of approval.

What fees does Navy Federal Home Equity Loans charge for a home equity loan?

Good news. Navy Federal Home Equity Loans does not charge a mortgage origination fee.

Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What types of property can you use as security for a home equity loan with Navy Federal Home Equity Loans?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Navy Federal Home Equity Loans will consider loans secured by the following property types:

Primary home.
Secondary homes and vacation properties.
Investment properties and house flipping projects.

Is Navy Federal a legit company?

Navy Federal was founded in 1933, it is a well-established company that has been in business for 93 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

820 Follin Ln SE

Vienna, VA 22180

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

7:00AM - 5:00PM

Tuesday

7:00AM - 5:00PM

Wednesday

7:00AM - 5:00PM

Thursday

7:00AM - 5:00PM

Friday

7:00AM - 5:00PM

Saturday

Closed

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SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.

+100

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Navy Federal Home Equity Loans Community Reviews

Would you recommend Navy Federal Home Equity Loans to your friends?

Felix B.

May 19, 2021

May or may not recommend

After struggling to get approved for a mortgage loan because of collections and low credit score. Navy Federal was able to help fix my credit and help me get the i loan i needed and into the home of my choice.The loan officer was very efficient and informative every step of the way. THANK YOU NAVY FEDERAL. (I consolidated a few credit card debts before hand to qualify, Royalfinancialrescue were ...Show More

Brett S.

Apr 3, 2021

May or may not recommend

Navy Federal is great if you have properties that aren't making enough money as they are! Let's say you're a property owner who wants to purchase another unit in order to rent it out but can't make that pesky down payment. How do you get around that? Bingo. Use your current property(ies) as collateral in order to expand, expand, expand! Note: I am not a financial expert take my advice as ...Show More

Taren B.

Jan 11, 2021

May or may not recommend

I will always be a loyal customer to Navy Federal Credit Union. They not only will work with you if you have not-so-great credit but have a variety of flexible loan and payment plans to guarantee you can’t fail. They’re not just a bank, either—They do community fundraisers in times of hardships and frequent donations back into their community!

Micheal W.

Jan 2, 2021

May or may not recommend

Navy federal home equity loan offers spectacular services at its best! They have no hidden charges, they provide a lot of mouth-watering equity options. To top it all, they are very reliable when it comes to customer care and professionalism. I highly recommend this company.

Mady H.

Dec 10, 2020

May or may not recommend

I have had the best experience with Navy Federal Home Equity Loans; they offer great services with no hidden charges. Truly, they are a trustworthy company with great equity loan options. No doubt would recommend.

Ann S.

Apr 7, 2019

May or may not recommend

This is family. Go NAVY. This bank work with you always.

Showing 6 of 6 reviews