Navy Federal Credit Union Mortgage Rates and 100% Financing

Navy Federal Credit Union is offering some very competitive mortgage rates. In addition to competitive rates, the credit union is also offering 100 percent financing which is unusual for these times. 100% financing is for purchasing a home only, not for refinancing your current mortgage.  Another noteworthy benefit is that private mortgage insurance (PMI) is not required, which is unusual for a loan whose loan-to-value ratio exceeds 80%.

Current fixed conforming 30 year mortgage rates are being advertised at 4.75% with 1.25 mortgage discount points or 5.00% with 0.25 mortgage points. 15 year conforming mortgage rates are currently advertised at 4.25 percent with 0.75 mortgage points.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 06101, 2, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.417%
4.250%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
10/21/2019
at 2.000 pts
45 day lock rate
Est payment: $1,476
Fees in APR: $6,000
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.039%
3.875%
USD
Rocket Mortgage Logo
NMLS # 3030
10/21/2019
at 2.000 pts
45 day lock rate
Est payment: $1,411
Fees in APR: $6,000
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.039%
3.875%
USD
Rocket Mortgage Logo
NMLS # 3030
10/21/2019
at 2.000 pts
45 day lock rate
Est payment: $1,411
Fees in APR: $6,000
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.417%
4.250%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
10/21/2019
at 2.000 pts
45 day lock rate
Est payment: $1,476
Fees in APR: $6,000
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.






30 year jumbo mortgage rates are being advertised at 5.00 percent with 1.25 mortgage discount points. 15 year jumbo rate mortgages are being advertised at 4.50 percent with 0.75 points.

Here are current mortgage rates at Navy Federal Credit Union.

  • 30Yr Conforming 4.750% rate with 1.25 points

  • 30Yr Conforming 4.865% rate with 0.25 points

  • 30Yr Super Conforming 4.875% rate with 1.25 points

  • 30Yr Super Conforming 5.00% rate with o.25 points

  • 15Yr Conforming 4.250% rate with 0.75 points

  • 15Yr Conforming 4.375% rate with 0.25 points

  • 15Yr Super Conforming 4.375%  rate with 0.75 points

  • 15Yr Jumbo 4.500% rate with 0.75 points


The credit union is also advertising FHA mortgage rates, VA mortgage rates, and adjustable mortgage rates.

Here are some of the benefits of the 100% financing loans:

  • No down payment required

  • 15- or 30-year fixed rates

  • No Private Mortgage Insurance (PMI) required

  • Seller concessions up to 4% allowed

  • Available for loans up to $650,000


For more information on Navy Federal Credit Union mortgages visit Navy Federal Credit Union.
 
 
Author: Lisa Graham
March 8th, 2010