Refinance Loan Types

Fixed-Rate | Adjustable-Rate |Jumbo Loans | HELOC

Refinancing can help you reduce payments on your existing mortgage, take advantage of a lower rate, or change your loan terms to lower interest payments. Whatever your reason is to refinance, BECU can help you find the terms that meet your needs. At BECU, we offer no origination fees*, multiple loan options and Mortgage Advisors to help you find the perfect refi option for you. Learn more about refinancing your home.

Fixed Rate Mortgage

Refinancing with a fixed rate loan is best for home owners looking to stay in the home at least 10 years, and want the security of fixed mortgage payments, while taking advantage of lower interest rates. BECU offers a variety of fixed-rate mortgage options. Learn more about Fixed-Rate Loans.

Adjustable Rate Mortgage (ARMs)

Adjustable-rate mortgage loans (ARMs) can be a great option for those looking to reduce their payments, especially for those considering selling in a few years.  ARMs come in terms of 3/1, 5/5, 7/1 and 10/1. Learn more about Adjustable-Rate Mortgages (ARMs).

Jumbo Loans

Need a little more? A jumbo loan is for buyers looking to make a purchase on a home with a higher price tag. In most of the US, the jumbo loan threshold is currently set at $424,100. With lower rate options than some conventional loans, jumbo loans offer great refinance alternatives in high-cost housing markets. Jumbo loans often require a minimum of 20% down and come in a variety of fixed-rate and adjustable rate (ARM) options.  Learn more about Jumbo Loans.

Home Equity Line of Credit (HELOC)

Although technically not a refinance loan product, a home equity line of credit (HELOC) is another option for those looking to take money out of their home. Learn more about HELOC Loans.

*Offer applies to purchase and refinance transactions. The no-fee promotion is valid thru 12/31/2018. The no-fee promotion does not currently apply to government (FHA, VA) loans.  Loans are subject to credit approval and other underwriting criteria, and not everybody will qualify. Certain restrictions apply. Home loan programs, terms and conditions are subject to change without notification.  BECU reserves the right to terminate this offer at any time without notice.

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