FHA Loans
Realize the dream
of owning a new home
First-time homebuyers and repeat buyers may not always have a sizable down payment. If that is the case for you, Federal Housing Administration (FHA) loans may offer the perfect solution.
- Fixed and adjustable rates available
- Max loan amounts determined by property location
- Refinancing options available
- Seller contribution up to 6% allowed
FHA Purchase loans require a minimum of 3.5% down payment. FHA loans are subject to an Upfront Mortgage Insurance Premium (UMIP) of 1.75% of the loan amount. Monthly Mortgage Insurance Premium (MIP) is based on loan-to-value (LTV) and term.
Rates Rates as of: August 21, 2017, 1:00 AM ET
Fixed Rates
Fixed-rate loan payments don't change for the entire term of the loan. Use the calculator to figure out how much you might pay and to view disclosure and payment example information.
| Loan Type | Interest Rates From1 | Discount Points | APR as Low As1 | ||
|---|---|---|---|---|---|
| 15 Yr FHA | 2.625% | 1.250 | 3.972% | Calculator | APPLY |
| 30 Yr FHA | 3.125% | 2.000 | 4.454% | Calculator | APPLY |
Adjustable Rates
Adjustable rates start with a low, constant rate, then adjust upward or downward after the initial fixed term according to an index. Use the payment example to figure out how much you might pay and to view disclosure and payment example information.
| Loan Type | Interest Rates From1 | Discount Points | APR as Low As1 | First Cap | Subsequent Caps | Lifetime Cap | ||
|---|---|---|---|---|---|---|---|---|
| 1 Yr FHA ARM | 3.875% | 0.375 | 4.228% | 1% | 1% | 5% | Payment Example | APPLY |
| 3 Yr FHA ARM | 4.625% | 0.375 | 4.614% | 1% | 1% | 5% | Payment Example | APPLY |
Included with All Navy Federal Mortgages
- Nationwide availability
- Personal guidance from first call to closing
- Navy Federal servicing for the life of your loan
1Rates are based on an evaluation of credit history, so your rate may differ. Rates subject to change at any time. For primary residences only. Rates quoted above require a 1.00% loan origination fee. The origination fee may be waived for a 0.25% increase in the interest rate. ARM rate adjustments are determined by an index and margin, the index of which is variable and therefore unknown for future payments.
Since 1933, Navy Federal Credit Union has grown from seven members to over 7 million members. 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.
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