Please ensure Javascript is enabled for purposes of website accessibility

Refinance a Home

Refinance your home with low rates.

Couple holding laptop reviewing options

Refinance for low rates and reduced interest

When you refinance with a loan from Educators you can experience low rates to reduce interest paid on your current mortgage or reduce your monthly payment. If you want to take cash out or refinance to lower your monthly payment, fixed closing costs are $1500 on all owner occupied homes.

First-class services to help you refinance your mortgage

Swipe to view more

Swipe to see more
  • Closing Costs

    Closing Costs

  • Percentage You Can Borrow

    Percentage You Can Borrow

  • Repayment Options

    Repayment Options

Fixed-Rate

  • Closing Costs

    Flat closing cost of $1500 ($1800 on investment properties)

  • Percentage You Can Borrow

    Up to 95% of the appraised value

  • Repayment Options

    10-year, 15-year, 20-year and 30-year terms 

Adjustable-Rate

  • Closing Costs

    Flat closing cost of $1500 ($1800 on investment properties)

  • Percentage You Can Borrow

    Up to 90% of the appraised value

  • Repayment Options

    10-year, 15-year, 20-year and 30-year terms 

10-Year Special

  • Closing Costs

    $500

  • Percentage You Can Borrow

    Up to 80% of your home’s value

  • Repayment Options

    10 years

Rates

Fixed Rate Mortgage Loans

Type

RATE

APR2

Payment per $1,000

POINTS1

Minimum mortgage loan of $30,000 | Min. credit score 620

1Mortgage points, or discount points are a form of prepaid interest you can choose to pay up front in the exchange for a lower rate and monthly payment. One mortgage point is equal to about 1% of your loan amount.

2APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty.

Type

30- Year Fixed

RATE

7.000%

APR2

7.058%

Payment per $1,000

$6.66

POINTS1

0.00%

Type

30- Year Buydown1

RATE

6.625%

APR2

6.682%

Payment per $1,000

$6.41

POINTS1

1.19%

Type

20- Year Fixed

RATE

6.625%

APR2

6.700%

Payment per $1,000

$7.54

POINTS1

0.00%

Type

15- Year Fixed

RATE

6.500%

APR2

6.593%

Payment per $1,000

$8.72

POINTS1

0.00%

Type

10- Year Fixed

RATE

6.250%

APR2

6.380%

Payment per $1,000

$11.23

POINTS1

0.00%

Adjustable Rate Mortgage Loans (ARMs)

Type

RATE

APR1

Payment per $1,000

Up to 30-year amortization | Closing costs = $1,500

1APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. The APR may increase after consummation. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty. 2/1 ARM means that the first two years have a locked APR set at closing. The rate can then change by 1% after the first two years and every year after. The rate cannot increase more than 8% during the life of the loan. 5/1 ARM means that the first five years have a locked APR set at closing. The rate can then change by 1% after the first five years and every year after. The rate cannot increase more than 8% during the life of the loan.

Investments 1% higher on the current ARM rate | $1,800 closing cost

Type

2/1

RATE

6.375%

APR1

6.431%

Payment per $1,000

$6.25

Type

5/1*

RATE

6.500%

APR1

6.556%

Payment per $1,000

$6.33

Educators Special (10-Year Fixed Refinance)

TERM

RATE

APR1

PAYMENT PER $1000

10 Year fixed refinance | Closing costs = $500
Max. loan amount $249,999.00

Refinance loan amounts equal to or under $249,999 at 80% LTV

1APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty. Subject to underwriting approval.

TERM

10 Year Fixed

RATE

6.250%

APR1

6.361%

PAYMENT PER $1000

$11.23

Ready to refinance your home loan?

Complete your application and documents wherever you are with ECU Home+.
Download the Mobile App
Questions? Contact us through Educators Connect Cam™
START A VIDEO CALL
Not a member? Open an account.
Join Educators