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Overview
Save big in little time.
Refinance your existing mortgage to save time and money for spending on what matters most. With our Rapid Refi loan, we’ll close in 30 days or the $299 in closing costs are on us. Available to members living in Tennessee and Kentucky with the choice of a 5, 10, or 15-year term option.
Once we have your application and info, we’ll start the clock* and get you locked into your new, low fixed-rate in next-to-no time. Saving on interest is big. But saving days in the process is truly priceless.
*30-day closing guarantee is available on all Rapid Refi loan products. Guarantee is not a loan approval guarantee. Eligibility will be will be confirmed once your loan is completely underwritten and a final approval letter is issued. Closing guarantee is 30 days from final approval. Rapid Refi loan products have 5, 10, and 15-year term options. Rates range from 2.49% APR** to 6.24% APR. APR will not be raised after credit is extended. There is no down payment requirement unless loan amount exceeds home value. Sample monthly payment for principal and interest based on $20,000.00 balance with a 60-month, fixed rate of 2.24% APR would be $352.11 for 60 payments. Loan payment example does not include taxes or insurance premiums. Loans that do not qualify for this product will be subject to standard loan fees and charges according to the loan product type and borrower creditworthiness. This program may change or end at any time. **APR – Annual Percentage Rate. The Annual Percentage Rate (APR) you receive will be based on creditworthiness, loan to value amount, and loan term. Not all members will qualify for the best or lowest rate.
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Rates
Rapid Refi
Type Term APR* Fixed-Rate Rapid Refi | Loan to value is less than 80% 5 Years 5.49% - 7.49% Fixed-Rate Rapid Refi | Loan to value is less than 80% 10 Years 6.24% - 8.24% Fixed-Rate Rapid Refi | Loan to value is less than 80% 15 Years 6.74% - 8.99% The Annual Percentage Rate (APR) you receive will be based on creditworthiness, loan to value amount, and loan term. Not all members will qualify for the best or lowest rate. All loans are subject to approval. Rates, terms, and conditions are subject to change.
Auto-pay Advantage: A discount of 0.25% will be deducted from the above stated annual percentage rates when the payment is received automatically from a Fortera draft account. This discount is only available on new loan transactions with an effective date on or after the date of this addendum. The annual percentage rate will default back to the normal rate in the event the payment status or draft account status changes.
Rapid Refi Loan Payment Example: For a $150,000 loan for a term of 15 years with a 4.49% APR, the monthly payment will be $1,146.92.
