Navy Federal HE Loan Review

Low fixed rates for military members with no closing costs. Independent Navy Federal HE Loan review: 4.4/5 for home equity loan.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 29, 2026.

Our verdict

Military members, veterans and their families get a low-cost home equity loan here: no closing costs, and up to 100% LTV for qualified borrowers. Membership is the gate, and the 7.34% APR assumes a 750 FICO and a 5-year term; longer terms carry higher rates.

Skip it if you can't join through military, DoD or family ties, or if you need more than $500,000.

About Navy Federal HE Loan

Low fixed rates for military members with no closing costs. Navy Federal HE Loan is offered by Navy Federal Credit Union. Our editorial rating is 4.4 out of 5.

Best for: Military members wanting lowest rates.

Editorial grade: A- (composite score 87/100).

Highlights

Navy Federal pays the closing costs (escrow and prepaid items excluded)
Fixed rates from 7.34% APR on a 5-year term, as of September 29, 2026
100% financing available (100% LTV)

What we like

Among the lowest HE loan rates available
No application or origination fee
Up to 100% LTV for qualified borrowers

Where it falls short

Membership required (military/DoD/family)
Advertised rate assumes a 750 FICO, 70% HLTV and a 5-year term

Fees, minimums, and rates

Monthly fee: $0 closing costs; no application or origination fee. Minimum to open: $10,000. Current APY: 7.34%. Rates and fees last checked on September 29, 2026.

How we reviewed it

This is a desk review: we have not opened an account with Navy Federal Credit Union. It is built from Navy Federal Credit Union's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Home Equity Loan shortlist. The rubric is the same for every brand.

Similar products to compare

Read our full editorial methodology for how we review products.