Second Home Financing
A Vacation Home of Your Very Own
Whether you want to be near the beach, secluded in the mountains or closer to family, buying a second home is exciting. We can help get you into your dream vacation home with great options and low rates on second-home financing.
To be eligible, the property must be:
- a one-unit home
- occupied by the owner for a portion of the year (may be occasionally rented, but rental income cannot be used to qualify)
- not operated by a management firm that has control over occupancy
Loan Features
- Down payments as low as 5%
- No Private Mortgage Insurance (PMI) required
To get rates for our second home financing, call 1-888-842-6328 today.
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Visit Our Home Buying Center
Our Home Buying Center has everything you need to de-stress your next address. Learn about your loan options, the benefits of a Verified Preapproval Letter and different ways you could save money.
Find a Real Estate AgentFootnote 1
Finding the right home starts with finding the right real estate agent. Use RealtyPlus® to connect with a top-performing real estate agent in your area. Plus, you could earn cash back. Exclusively for Navy Federal members.Footnote 2
Mortgage Learning Center
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The Mortgage Loan Process in 10 Steps
It starts with a preapproval and finishes with your perfect home. We've broken down the process to make it easier for you.
Learn More about The Mortgage Loan Process in 10 Steps -
Mortgage Preapproval
A preapproval lets sellers know you're a serious buyer and gives you more negotiating power when it comes time to make an offer.
Learn More about Mortgage Preapproval -
Best Mortgage Option for You
Need help deciding which loan option could work best for you? Check out our Mortgage Match video.
Learn More about Best Mortgage Option for You
Homeowner Resources
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Managing Your Mortgage or Equity Loan
HomeSquad provides a one-stop resource for all your mortgage management needs.
Learn More about Managing Your Mortgage or Equity Loan -
How to Make Mortgage Payments
Find out what makes up your monthly mortgage payments and learn about convenient payment options.
Learn More about How to Make Mortgage Payments -
What's an Escrow Account?
Find out how we calculate your escrow payments and get answers to your most frequently asked questions.
Learn More about What's an Escrow Account?
Disclosures
Customer satisfaction claims are based on 2021 Anywhere Leads Inc.’s surveys of customers who bought or sold a home using a program serviced by an Anywhere Leads Network agent or using an Anywhere Leads Network agent.
↵The program is only available for individual home purchases/sales in the contiguous US, Alaska, and Hawaii, excluding Iowa and all employer-sponsored relocations. You are not required to receive financing through Navy Federal Credit Union in order to receive the benefits of this program. The cash back is only available with the purchase or sale of your home through the use of a program-referred and -approved real estate agent, and is offered in most states, with the exception of Iowa, Alaska, and Oklahoma, and is not available in certain transactions with restricted agent commissions (including many new constructions, For Sale by Owner, or For Sale by iBuyer transactions). Your assigned agent can help you identify any transactions where the cash back would not be available. The amount of your cash back depends on the value of the property you are buying or selling. Obtaining the full $9,000 cash back requires transacting in a property valued at $3 million or greater. To calculate your potential cash-back amount, please visit the RealtyPlus website: https://navyfederalrealtyplus.com/. The cash-back offer is limited to one cash back per property with no limit on the number of times you may use the program. In some states, a gift card or commission credit at closing may be provided in lieu of the cash back. In Kansas and Tennessee, a Mastercard® MAX gift card will be issued with preloaded points that are ready for spending at specified retail establishments after closing. State regulations in Kansas limit the dollar amounts and the type of incentive. In Mississippi, New Jersey, and Oregon, a commission reduction may be available at closing in lieu of cash back. Please check with the program coordinator for details. All real estate commissions are negotiable. Contact RealtyPlus for terms and conditions. Seller listing fees apply. This program is offered, in part, by Anywhere Leads Inc., which may receive a co-operative brokerage fee as a result of a referral to any affiliated real estate companies, including Better Homes and Gardens® Real Estate, Coldwell Banker®, Century 21®, ERA® Real Estate, and Corcoran. Program terms and conditions are subject to change at any time without notice. Additional terms, conditions, and restrictions apply. This is an advertisement and not a solicitation for agent representation if your property is currently listed with an agent. Anywhere Leads Inc., 175 Park Avenue, Madison, NJ 07940. Licensed broker in the state of Texas. Broker license #9009191.
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