Current Mortgage Refinancing Rates
Refinance Your Mortgage and Save
Depending on the terms of your current loan and how long you plan to stay in your home, refinancing could be the best option for you. Whether you have an existing loan with us or one with another lender, we have fixed- and adjustable-rate options that could save you money.
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Get a Better Loan
Refinance to a lower rate or pay off your loan faster with a shorter term.
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Take Cash Out
Use the equity in your home to pay for home improvements, a down payment on a second home or college tuition.
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Convert to a Fixed Rate
Refinance to lock in a new rate and ensure a stable payment for the life of your loan.
Refinance Options1
No matter what your needs are, we have the right home loan for you. Explore our rates and options to find the best fit.
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VA Loans
Available exclusively to eligible servicemembers, veterans and their spouses, VA Loans are backed by the Department of Veterans Affairs.
Interest rate as low as
5.250%
APR as low as
6.002%
LTV up to
100%
Term
10- to 30-year
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VA Streamline (IRRRL)
Exclusively for those with VA home loans, VA interest rate reduction refinance loans (IRRRLs) are an easy way to refinance your loan to a lower rate and lower your monthly payments with minimal out-of-pocket costs. Call 1-888-842-6328 for more information.
Interest rate as low as
5.250%
APR as low as
6.002%
Term
10- to 30-year
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Military Choice
Offering eligible servicemembers easier qualification and great rates.4
Interest rate as low as
7.375%
APR as low as
7.713%
LTV up to
97%
Term
16- to 30-year
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Conventional Fixed Rate
Offering qualified buyers rate and payment security.
Interest rate as low as
5.625%
APR as low as
5.820%
LTV up to
95%
Term
10- to 30-year
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Homebuyers Choice
A good option for homeowners who haven't built much equity in their home but would like to refinance to take cash out.4
Interest rate as low as
7.500%
APR as low as
7.841%
LTV up to
97%
Term
16- to 30-year
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Adjustable-Rate Mortgages
These loans begin with a low, fixed interest rate for the initial term and then adjust according to an index.
Interest rate as low as
4.625%
APR as low as
5.527%
LTV up to
95%
Term
10- to 30-year
5/5 Conforming ARM Payment Example8
Loan Amount: $300,000 Term: 30 years
Year Interest Rate APR Monthly Payment Taxes and insurance not included; therefore, the actual payment obligation will be greater.
Mortgage Refinancing Resources
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When to Refinance Your Mortgage?
Refinancing your current home loan could save you money, but how can you tell if it’s the right choice for you? We’ll give you the tools to decide for yourself.
Learn Moreabout When to Refinance Your Mortgage? -
Mortgage Refinance Calculator
Considering refinancing your existing home loan? Use our calculator to see what you could save.
Learn Moreabout Mortgage Refinance Calculator -
5 Facts to Know About a Cash-out Refinance
If you’re considering refinancing and taking out cash from your mortgage, it’s important that you learn the facts.
Learn Moreabout 5 Facts to Know About a Cash-out Refinance
Disclosures
These rate offers are effective 06/03/2023 and subject to change. Rates displayed are the "as low as" rates for purchase loans and refinances. Rates are based on creditworthiness, loan-to-value (LTV), occupancy, and loan purpose, so your rate and terms may differ. All loans subject to credit approval. Rates quoted require a loan origination fee of 1.00%, which may be waived for a 0.25% increase in the interest rate. Many of these programs carry discount points, which may impact your rate.
↵A VA loan of $300,000 for 15 years at 5.250% interest and 6.002% APR will have a monthly payment of $2,411.
A VA loan of $300,000 for 30 years at 5.375% interest and 5.813% APR will have a monthly payment of $1,679.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. If you have less than your VA home loan entitlement, limitations to your loan amount may apply.
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A VA Streamline loan of $300,000 for 15 years at 5.250% interest and6.002% APR will have a monthly payment of $2,411.
A VA Streamline loan of $300,000 for 30 years at 5.375% interest and 5.813% APR will have a monthly payment of $1,679.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
All Choice loans require a 1.00% loan origination fee. The origination fee may be waived for a 0.25% increase in the interest rate. All Choice loans are subject to a funding fee of 1.75% of the loan amount. This funding fee can be financed into the loan up to a maximum of 101.75% LTV, or the fee can be waived for a 0.375% increase in the interest rate. Purchase loans require no down payment. LTV restrictions apply to refinance loans. Note: To be eligible for Military Choice, at least one borrower must be Active Duty or a veteran.
↵A Military Choice loan of $300,000 for 30 years at 7.375% interest and 7.713% APR will have a monthly payment of $2,072. Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
Jumbo Loans: Loan amounts greater than $726,200. The Jumbo rates quoted above are for loan amounts above $726,200 up to $1,000,000.
A fixed-rate loan of $300,000 for 15 years at 5.625% interest and 5.820% APR will have a monthly payment of $2,471.
A fixed-rate loan of $300,000 for 30 years at 6.125% interest and 6.244% APR will have a monthly payment of $1,822.
Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
Jumbo Loans: Loan amounts greater than $726,200. In AK and HI, the Conforming loan limit is $1,089,300. The Jumbo rates quoted above are for loan amounts above $726,200 up to $2,000,000.
A Homebuyers Choice loan of $300,000 for 30 years at 7.500% interest and 7.841% APR will have a monthly payment of $2,097. Taxes and insurance not included; therefore, the actual payment obligation will be greater. All loans subject to credit approval.
Jumbo Loans: Loan amounts greater than $726,200. The Jumbo rates quoted above are for loan amounts above $726,200 up to $1,000,000.
Adjustable Rate Mortgages are variable, and your Annual Percentage Rate (APR) may increase after the original fixed-rate period. The First Adjusted Payments displayed are based on the current Constant Maturity Treasury (CMT) index, plus the margin (fully indexed rate) as of the stated effective date rounded to nearest 1/8th of one percent. All loans subject to credit approval.
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