Navy Federal Credit Union Home Equity Loan Review 2025
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Our Take
3.5
Navy Federal Credit Union has an unusually high borrowing limit, allowing you to withdraw up to 100% of your home’s equity. Take your pick from a five-, 10-, 15- or 20-year term. However, you’ll pay closing costs and will need an appraisal. Credit union membership is limited to those with a connection to the U.S. military.
Pros
-
High borrowing limit, up to 100% of your home’s equity.
-
Flexible term options: 5, 10, 15 or 20 years.
-
Multiple ways to apply or contact customer service.
Cons
-
Credit union membership is limited to those with U.S. military connections.
-
Time to close is slower than average.
-
Charges closing costs.
Full Review
💲Navy Federal home equity loan rates
Home equity loan rates tend to move with the federal funds rate, which is set by the Federal Reserve. In addition to market factors, your home equity loan rate offers will be determined by your financial profile, including your credit score and income.
Navy Federal posts sample home equity loan rates online.
👍 Reasons to get a Navy Federal home equity loan
With a home equity loan from Navy Federal, borrowers can access up to 100% of their home equity. That’s a higher combined-loan-to-value (CLTV) ratio than what you’ll find at most lenders, where a maximum of 85% is typical. The maximum loan amount is $500,000.
Navy Federal also offers ample choice for loan terms, offering term lengths of five, 10, 15 or 20 years. There are multiple ways to apply for a home equity loan or contact customer service. Home equity loans are available for second homes.
Nerdy Tip
Before you can get a home equity loan from Navy Federal, you’ll need to join the credit union. Requirements are fairly inclusive if you have a military connection. Membership is available to veterans and members of the armed forces, as well as their families and some civilian employees of the Department of Defense.
» MORE: Best home equity loan lenders
🤔 Reasons why Navy Federal’s home equity loan gives us pause
Navy Federal doesn’t offer a 30-year term, which is available from other lenders. It closes home equity loans in an average of 30 days, which is a few days slower than the average 26 days among lenders NerdWallet surveyed in 2025. An appraisal is required, and you’ll have to pay closing costs.
📎 Ways to apply for a Navy Federal home equity loan
How to Apply | Availability |
Online 🧑💻 | ✅ |
Over the phone 📞 | ✅ |
Mobile app 📶 | ✅ |
In person 🏦 | ✅ |
You can contact Navy Federal customer service in person, over the phone or through online chat.
🛒 Alternatives to a Navy Federal home equity loan
Wondering if another lender or product might be a better fit? It’s worth it to shop around to learn more about your options.
If you like Navy Federal’s high borrowing limit, PrimeLending and Andrews Federal Credit Union both come close with a 95% max CLTV.
If you’d rather not pay closing costs, you won’t have to with a U.S. Bank home equity loan.
A home equity loan isn’t your only option
You can also explore products outside of home equity loans. Alternatives to home equity loans include a HELOC, which you can draw from as needed, or a cash-out refinance, which replaces your existing mortgage with a larger loan.
Navy Federal Credit Union also offers HELOCs and cash-out refinance loans.
Borrow from your home’s equity
NerdWallet’s home equity loan star ratings are independently researched and developed by the editorial team based on the following factors: maximum combined loan-to-value ratio, closing costs, whether an appraisal is required, the number of repayment term options, length of the longest available term, rate transparency, average time to close, availability for second homes, number of ways to apply and number of customer service touchpoints. A recent regulatory action against a lender may affect its home equity loan star rating.
