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Mortgage refinancing: Same home, better loan

Life changes. Your loan should, too. Refinancing swaps your old home loan for one that better suits your budget.

Apply nowSchedule appointment

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

Mortgage refinancing: Same home, better loan

Life changes. Your loan should, too. Refinancing swaps your old home loan for one that better suits your budget.

Apply nowSchedule appointment

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

  Washington’s only Forbes Best-In-State Credit Union five years in a row!

  Washington’s only Forbes Best-In-State Credit Union five years in a row!

We help make home loan improvements

Refinancing may help lower your monthly payments, provide access to cash or help you pay off your loan early. Start the process by applying today or schedule an appointment with a Home Loan Officer to discuss your options.

  • Fixed- and adjustable-rate refinancing
  • Available for owner-occupied primary residences in WA, OR or ID
  • Experienced Loan Officers to guide you through the process

Why refinance your home loan?

Lower payments

A new rate or term may lower your monthly payments.

Earlier pay off

It may be easier to pay off your home sooner.

Cash access

A cash-out refi lets you trade equity for cash.

Choose a fixed-rate or adjustable-rate loan

Fixed rates make it easy to plan ahead and budget. Adjustable rates may make sense if you don’t intend to own your home for very long. Not sure which is best? We can help you decide.

Fixed Rate Mortgage Rates

15-Year Fixed Rate

6.000%
Interest rate The amount you'll pay each year to borrow the money, expressed as a percentage.
6.211%
APR Annual Percentage Rate: The cost of the loan, including interest and fees.
Apply now
Payment example
Here's what you'll need

30-Year Fixed Rate

6.875%
Interest rate The amount you'll pay each year to borrow the money, expressed as a percentage.
7.021%
APR Annual Percentage Rate: The cost of the loan, including interest and fees.
Apply now
Payment example
Here's what you'll need

Jumbo 30-Year Fixed Rate

6.500%
Interest rate The amount you'll pay each year to borrow the money, expressed as a percentage.
6.568%
APR Annual Percentage Rate: The cost of the loan, including interest and fees.
Apply now
Payment example
Here's what you'll need

Rates subject to change at any time. These mortgage rates are based on assumptions and conditions including but not limited to property type, occupancy, loan-to-value and credit score. Your interest rate will be based on loan specifics and your credit history. Once your rate is locked, a float-down option may be available.

The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $300000.00 and an estimated property value of $375000.00 (80.0000% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The assumed credit score is 750 and includes discount points of 0.3750, with $2893.00 in finance charges.

At a 6.000% interest rate, the APR for this loan type is 6.211%. Payments do not include taxes and insurance premiums, if applicable. The monthly payment schedule would be:

180 payments of $2531.57

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

to get started.

Estimate your monthly payment with our Mortgage Refinance Calculator.

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $300000.00 and an estimated property value of $375000.00 (80.0000% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The assumed credit score is 750 and includes discount points of 0.5000, with $2893.00 in finance charges.

At a 6.875% interest rate, the APR for this loan type is 7.021%. Payments do not include taxes and insurance premiums, if applicable. The monthly payment schedule would be:

360 payments of $1970.79

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

to get started.

Estimate your monthly payment with our Mortgage Refinance Calculator.

The information provided assumes the purpose of the loan is to refinance (an) existing loan secured by real property, with a loan amount of $900000.00 and an estimated property value of $1200000.00 (75.0000 LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The assumed credit score is 740 and includes discount points of 0.3750, with $2933.00 in finance charges.

At a 6.500% interest rate, the APR for this loan type is 6.568%. Payments do not include taxes and insurance premiums, if applicable. The monthly payment schedule would be:

360 payments of $5688.61

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

to get started.

Estimate your monthly payment with our Mortgage Refinance Calculator.

Adjustable Rate Mortgage Rates

15/1 ARM

7.125%
Interest rate The amount you'll pay each year to borrow the money, expressed as a percentage.
7.221%
APR Annual Percentage Rate: The cost of the loan, including interest and fees.
Apply now
Payment example
Here's what you'll need

7/6 ARM

6.000%
Interest rate The amount you'll pay each year to borrow the money, expressed as a percentage.
6.431%
APR Annual Percentage Rate: The cost of the loan, including interest and fees.
Apply now
Payment example
Here's what you'll need

5/6 ARM

6.750%
Interest rate The amount you'll pay each year to borrow the money, expressed as a percentage.
6.807%
APR Annual Percentage Rate: The cost of the loan, including interest and fees.
Apply now
Payment example
Here's what you'll need

Rates subject to change at any time. These mortgage rates are based on assumptions and conditions including but not limited to property type, occupancy, loan-to-value and credit score. Your interest rate will be based on loan specifics and your credit history. Once your rate is locked, a float-down option may be available.

The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $300000.00 and an estimated property value of $375000.00 (80.0000% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The assumed credit score is 750 and includes discount points of 0.3750, with $2893.00 in finance charges.

  • After the initial fixed rate period ends, your interest rate may change. Your rate will be based on the current index (1 Year Treasury) and margin (3.00%) stated on your loan NOTE. Ex. 1 Year Treasury CMT Weekly was 5.05% as of 2/24/23. If your rate changed on 2/24/23, it would adjust to 8.05% (5.05% 1 Year Treasury + 3.00% margin).

At a 7.125% interest rate, the APR for this loan type is 7.221%. Payments do not include amounts for taxes and insurance premiums, if applicable. The monthly payment schedule would be:

180 payments of $2,021.16

180 payments of $1,989.96

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

to get started.

Estimate your monthly payment with our Mortgage Refinance Calculator.

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $300000.00 and an estimated property value of $375000.00 (80.0000% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The assumed credit score is 750 and includes discount points of 0.3750, with $2893.00 in finance charges.

  • After the initial fixed rate period ends, your interest rate may change every six months. Your rate will be based on the current index (SOFR) and margin (3.00%) stated on your loan NOTE. Ex. SOFR was 4.50% as of 2/24/23. If your rate changed on 2/24/23, it would adjust to 7.50% (4.50% SOFR index + 3.00% margin).

At a 6.000% interest rate, the APR for this loan type is 6.431%. Payments do not include amounts for taxes and insurance premiums, if applicable. The monthly payment schedule would be:

84 payments of $1,798.65

276 payments of $1,900.50

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

to get started.

Estimate your monthly payment with our Mortgage Refinance Calculator.

The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $300000.00 and an estimated property value of $375000.00 (80.0000% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The assumed credit score is 750 and includes discount points of 0.3750, with $2893.00 in finance charges.

  • After the initial fixed rate period ends, your interest rate may change every six months. Your rate will be based on the current index (SOFR) and margin (3.00%) stated on your loan NOTE. Ex. SOFR was 4.50% as of 2/24/23. If your rate changed on 2/24/23, it would adjust to 7.50% (4.50% SOFR index + 3.00% margin).

At a 6.750% interest rate, the APR for this loan type is 6.807%. Payments do not include taxes and insurance premiums, if applicable. The monthly payment schedule would be:

60 payments of $1,945.79

300 payments of $1,923.62

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

to get started.

Estimate your monthly payment with our Mortgage Refinance Calculator.

FAQ

Yes. We offer mortgages on properties in Washington, Oregon and Idaho.

A jumbo loan is a home loan that exceeds $1,063,750 in King, Pierce or Snohomish counties. In other Washington state counties, jumbo loans exceed $832,750.

An adjustable-rate mortgage is a home loan with an interest rate that is periodically adjusted according to predetermined terms. 

Our Home Loan Officers can help with that! Schedule an appointment to discuss your unique situation today.

* These mortgage rates are based on assumptions and conditions including but not limited to property type, occupancy, loan-to-value and credit score. Your interest rate will be based on loan specifics and your credit history. Once your rate is locked, a float-down option may be available.

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