Home EquityLines of Credit

Home EquityLines of Credit are accessed by writing a check or using your special Home EquityLine Visa^® Platinum credit card (certain restrictions may apply). No interest is charged until the credit line is used. The APR is a variable rate plus or minus a margin and is based on the prime rate (adjusted according to each member's credit history, so your rate may differ) as published in The Wall Street Journal. The rate is subject to change on the first work day of every month. Home EquityLines of Credit are not available in Texas. Maximum APR is 18%.

• .25% rate discount with automatic payments¹
• Credit line remains open for 15 years
• Borrow up to 80%² of the property value
• Limited-time offer! Pay no lender closing costs on your Equity Loans³

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1. Rate discount is applied after your application is accepted. Discount is available for new 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. The minimum APR that may be imposed is 3.99%. The maximum APR that may be imposed is 18%.

2. Some restrictions may apply. The maximum combined loan-to-value for investment properties is 70%.

3. Limited offer. Navy Federal will pay closing costs (excluding government recording charges and title insurance) on new equity loan applications (Fixed Equity Loans/Lines of Credit). Loans paid off and closed in less than 3 years from the loan origination date will require reimbursement of all closing costs paid by Navy Federal. For loan/line amounts up to $250,000, closing costs typically range between $150 and $900. 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.