Home Loan Refinancing

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Important Information for Members Refinancing their Mortgages

In the past weeks, mortgage rates have declined rapidly while continuing to fluctuate daily. During the daily disruptions of COVID-19, our mortgage department remains fully operational, and we are committed to providing a smooth refinancing process.

Due to the unprecedented rate decline, thousands of homeowners are refinancing. To help boost our ability to serve members quickly, we have streamlined the loan process.

Understand the refinance process:

  • Submit your mortgage loan refinance application online.
  • After you submit your application, you will be contacted within a matter of days.
  • Rest assured that your application will be carefully tracked, and you will be contacted in the order your application is received.
  • To help us work quickly, please avoid calls or emails to check on your application status.
  • Your mortgage loan officer will be in touch for a personal consultation to help you choose your best refinancing option.
  • Then, you and your loan officer will plan next steps to complete your refinance.

When can I lock my loan rate? Rates are moving up and down frequently so it’s understandable many people are anxious to lock their rate. For refinance loans, we cannot lock your rate at the time you submit an application. You will have the opportunity to review rates and lock the rate prior to accepting a scheduled closing date. Know that we are working quickly to process your application and finalize your loan.

Refinance to Refresh Your Life

Build equity faster and pay off your home sooner by refinancing your mortgage. Plus, take cash out for debt consolidation, home improvements and more.

Find Your Best Refi Option

Traditional Refinance

Classic refinancing for loans up to $510,400. Learn More 


Rapid Refinance

Pay off your mortgage in 12 years - closing costs just $149. Learn More 


Jumbo Refinance

Refinancing for loan balances over $510,400. Learn More 


Refinance with Confidence

At UW Credit Union, we'll work hard to make your refinancing experience easy and stress-free.

  • Local team - We streamline the process and are here when you need us.
  • Online applications - Submitting your refinance application online is a snap!
  • Easy rate quotes - Explore options for your unique situation.
  • In-house servicing - We service our refinances, which means you can access your loan information and make payments in Web Branch.

Get Ahead by Refinancing

Refinancing basically involves replacing your current mortgage with a new one that’s a better fit. Benefits include:

  • Paying off your home sooner by reducing your mortgage term.
  • Building equity faster with a shorter mortgage term and different monthly payments.
  • Taking cash out of your home equity to pay for large, ongoing or unexpected expenses.
  • Lowering your monthly payments by changing your mortgage rate and term.

Homeownership Resources

Your home is likely your biggest investment and most important asset. Make the most of it with a range of support and options from UW Credit Union.

  • Calculators - Crunch the numbers for your refinance, debt payoff and more.
  • Home Equity - Tap into the built-up equity in your home with a home equity loan or line of credit.
  • Seminars - Choose from a variety of free financial workshops to learn more about real estate and investing.

We Can Help

Have questions or need help? Our team is here for you.

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Enjoy the Benefits of Membership

When you open an account and refinance your mortgage, you become a member of UW Credit Union. Your membership gives you access to better rates and fewer fees than you'll find elsewhere, plus a range of valuable discounts and services like free financial seminars and budget help.

Learn More