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Navy Federal Homebuyers Choice & VA Loan

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About Navy Federal Credit Union Mortgages & Home Loans

The Navy Federal Homebuyers Choice & VA Loan from Navy Federal Credit Union is one of the top-rated Mortgages & Home Loans options evaluated on MoneyCompared, earning an overall product score of 9.8/10. Industry-leading 0% down VA Loan and Homebuyers Choice mortgage with NO Private Mortgage Insurance (PMI), Rate Match guarantee, and Freedom Lock float-down.

Key highlights include 5.875% - 6.375% APR (30-Year VA / Choice), a fee structure of 1% Origination Fee (Waivable for 0.25% Rate Option), and 0% Down Payment with NO PMI + Up to $9,000 RealtyPlus Cash Back. Accounts are backed by Serviced for Life by Navy Federal and supported by Navy Federal Credit Union's 4.9 / 5.0-rated digital banking experience.

Features

Annual Fee	1% Origination Fee (Waivable for 0.25% Rate Option)
Regular APR / Rate	5.875% - 6.375% APR (30-Year VA / Choice)
Intro Offer / Welcome Bonus	0% Down Payment with NO PMI + Up to $9,000 RealtyPlus Cash Back
Savings APY / AER	VA Loans, Military Choice, Homebuyers Choice & Freedom Lock Float-Down
Minimum Deposit	0% Down Payment Required
Foreign Transaction Fee	N/A (U.S. Real Estate)
Deposit Insurance	Serviced for Life by Navy Federal
Mobile App Rating	4.9 / 5.0
Overall Rating	9.8 / 10

About Product

Annual / Monthly Fee: 1% Origination Fee (Waivable for 0.25% Rate Option)
APR / APY Rate: 5.875% - 6.375% APR (30-Year VA / Choice)
Intro Offer / Bonus: 0% Down Payment with NO PMI + Up to $9,000 RealtyPlus Cash Back
Key Benefits: VA Loans, Military Choice, Homebuyers Choice & Freedom Lock Float-Down
Minimum Requirement: 0% Down Payment Required
Foreign Transaction Fee: N/A (U.S. Real Estate)
Protection: Serviced for Life by Navy Federal

Pros

Rate / APR / APY: 5.875% - 6.375% APR (30-Year VA / Choice)
Fee Structure: 1% Origination Fee (Waivable for 0.25% Rate Option)
Welcome Offer / Benefit: 0% Down Payment with NO PMI + Up to $9,000 RealtyPlus Cash Back
Rewards & Highlights: VA Loans, Military Choice, Homebuyers Choice & Freedom Lock Float-Down

Cons