Home Refinances

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Find out if refinancing makes financial sense for you

Limited Time Offer: Receive a FREE appraisal when you refinance or purchase your home.*

Would refinancing your home help you meet your financial goals? Sacramento Credit Union's (SCU) mortgage experts work closely with you to understand your situation and help you find the perfect fit.

Come home to more mortgage options:

Refinancing can save you hundreds of dollars a month and potentially thousands of dollars over the life of a standard 30-year home loan. That's why we provide access to various mortgages that fit every budget and lifestyle.

Fixed-Rate Mortgages
Budget with certainty with a rate that never changes over the life of your mortgage. The 30-year fixed option is our most popular mortgage, but we also offer other terms that allow you to pay your home off sooner.

Adjustable-Rate Mortgages
Take advantage of a lower initial interest rate that's fixed for up to five years before resetting annually based on market conditions. This is a good option if you plan to sell your house within seven to 10 years, or if you have flexibility in your budget to absorb any rate increases. There are annual and term cap limits that keep your rate from skyrocketing, too.

FHA Financing
Our FHA Streamlined Refinance cuts down the paperwork that must be completed, saving you time and money. To qualify, your original home loan must be an FHA loan in good standing and the refinance must lower your monthly interest payments.

Home Affordable Refinance Program
If you owe more than the value of your home and your mortgage is owned or guaranteed by Fannie Mae, you may be eligible to refinance your mortgage with the Home Affordable Refinance Program (HARP). HARP requirements were recently expanded to help even more borrowers. See if you're eligible, and then contact us
*Terms and conditions are subject to change without notice. Additional restrictions may apply. Subject to credit approval. Promotion applies to the purchase of a residential property or the refinance of a residential mortgage. Approved borrowers will receive a credit at the close of escrow for appraisal fees ($350 to $650 depending on type of loan and location of property). Maximum credit is $650. Offer expires June 1, 2018, and all transactions must close by August 1, 2018. FHA and VA loans are not eligible.