Home Refinance

Refinance your mortgage

It's all about flexibility. Refinancing your mortgage can give you the option to lower your monthly payment, pay off your home sooner or unlock equity to fund home improvements. If your credit has improved or rates are lower since you financed your home, refinancing your mortgage could be a smart financial decision for you.

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Send us a message

Our local loan officers are here to guide you through the mortgage process. Send us a message with your questions.

Ask about refinancing

Calculators for refinancing

Get a clear picture of refinancing your mortgage with our calculators.

Calculate your new monthly payment 

Explore what your monthly payments could look like by refinancing.

 

Calculate payments

Find your break-even point

Calculate the number of months to break-even on a refinance.

 

Calculate months

Consolidate debts into one payment

Find out what consolidated monthly payments could save you.

 

Calculate payments

The refinancing process

  • Talk to a loan officer
  • Fill out an application and lock in a rate
  • Get your home appraised
  • Schedule a closing date and sign loan documents
  • Three day Right of Rescission (in case you change your mind)

Price match guarantee

Our local mortgage experts can help you find the best deal on the mortgage that’s right for you. In fact, we’re so sure, we guarantee it! If you find a better rate or lower closing costs with another lender, we’ll pay you $250*.

Get the details about price match guarantee »

Contact OCCU Mortgage Lending

Ready to start the process? With OCCU, you can expect great, competitive rates, low closing costs and fast loan processing. Our mortgage loan officers will walk you through every step of the process, ensuring you have the best, most convenient experience possible.

Home ownership resources

Owning a home is a rewarding experience. Learn to make the most of it with our helpful home ownership articles on topics including tips on the homebuying process, using your home equity wisely and upgrading your home with smart home technology.

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What’s the deal with Private Mortgage Insurance?

If your down payment is less than 20 percent of the value of the home you'll most likely be required to carry private mortgage insurance.

Family moving boxes

Still looking for a home? Keep calm and carry on

Shopping for a home is a bit like rafting.

*30 Year Fixed Rates start at 4.750% with 1.00% Point Origination, 4.830% APR. Rates may change and are current as of 08/2/18. Assumes 80% LTV/CLTV purchase of owner-occupied, SFR, 740 credit score, and $300,000 purchase price on a 45 day lock. For example, on a loan for $240,000 at 4.750% for 360 months, you would make 360 payments of $1,273.86.  Rates, fees, and programs subject to change without notice at any time.

**15 Year Fixed Rates start at 4.500%, 0.00% Points, 4.617% APR. Rates may change and are current as of 08/2/18. Assumes 80% LTV/CLTV purchase of owner-occupied, SFR, 740 credit score, and $300,000 purchase price on a 45 day lock. For example, on a loan for $240,000 at 4.500% for 180 months, you would make 180 payments of $1,835.98. Rates, fees, and programs subject to change without notice at any time.

***USDA 30 Year Fixed rates start at 4.250%  0.00% Points, 4.772% APR. Rates may change and are current as of 08/2/18. Assumes 100% LTV/CLTV purchase of owner-occupied, SFR, 740 credit score, and $240,000 purchase price on a 45 day lock. Rates, fees, and programs subject to change without notice at any time.

****VA 30 Year Fixed rates start at 4.250%,  0.00% Points, 4.504% APR. Rates may change and are current as of 08/2/18. Assumes 100% LTV/CLTV purchase of owner-occupied, SFR, 740 credit score, and $240,000 purchase price on a 45 day lock. Rates, fees, and programs subject to change without notice at any time.

*****FHA 30 Year Fixed rates start at 4.375%,  0.00% Points, 4.921% APR. Rates may change and are current as of 08/2/18. Assumes 96.5% LTV/CLTV purchase of owner-occupied, SFR, 740 credit score, and $240,000 purchase price on a 45 day lock. Rates, fees, and programs subject to change without notice at any time.

******Low Fee 30 Year Fixed rates start at 5.250%,  0.00% Points, 5.282% APR. Rates may change and are current as of 08/2/18. Assumes 80% LTV/CLTV purchase of owner-occupied, SFR, 740 credit score, and $300,000 purchase price on a 45 day lock. Rates, fees, and programs subject to change without notice at any time.