Refinance and Get the Mortgage You Deserve
If you're looking to save money on your mortgage, our great rates and member-first service make us the best choice for refinancing your mortgage.
But remember, refinancing your mortgage is a process that takes just as much time and effort as applying for one in the first place, so you shouldn't make the decision lightly.
4 Things to Consider
Reducing your monthly mortgage payments by securing a lower interest rate than your current loan is a good reason to refinance.
Generally speaking, if your current rate is 1% higher than market rates, you should consider refinancing
Break Even Point
This is the point in time when you will actually start to save money, the point in time after you've recovered the money you spent in refinance costs.
Ideally, your break-even point will be within two years of your refinance date.
Equity in Your Home
If the down payment you made when you purchased your home was less than 20%, your monthly mortgage payments include Private Mortgage Insurance (PMI).
However, if you've built up enough home equity to cover that 20%, you can eliminate PMI and reduce your monthly payments.
Your Credit Score
One of the first things you should do before considering a refinance is to check your credit score.
Your FICO credit score weighs heavily in determining the interest rate you qualify for. If you've improved your score since you took out your mortgage, you may qualify for a lower interest rate.
How it works
Thinking about buying a home? Get pre-qualified to expedite the process.
Find your dream home
We have the tools and resources to help you get started.
Flat Fee Services for Owner-Occupied Single Family Dwellings
We have a $995 flat fee1 for fixed rate or adjustable mortgages
Flat Fee Services Include:
- Credit Report Fee
- Flood Certificate Fee
- Tax Service Fee
- Document Prep Fee
- Processing Fee
- Underwriting Fee
Flat Fee Services Do Not Include:
- Appraisal Rush Fee (to expedite appraisal order)
- Title Policy
- Title Courier Fee
- Title Notary Fee
- Title Settlement & Escrow Fee
- Home Owners Association Certificate Fee (for condominium properties)
- Fees/Policies not exclusively listed under Flat Fee Services
Choose the home loan that's right for you
A Fixed-Rate Mortgage lets you make the same monthly payment for the life of your mortgage, so there's no suprises to your budget. Find out if it's right for you.
An Adjustable-Rate Mortgage (ARM) could save you money initially. But they don't offer the same stability as a Fixed-Rate Mortgage. Find out if an Adjustable-Rate Mortgage is right for you.
Meet Our Team
Our home loan experts have decades of experience, understand the local market, and can give you attractive rates and packages that meet your needs.
We treat you like a person, not a number, and support you through a simple and transparent loan process.
SF Fire Credit Union lending practices
We are a Bay Area-based organization that always puts our members, and the community, first. Which is why we choose not to make sub-prime loans. A sub-prime loan is a loan that does not meet Fannie Mae or Freddie Mac guidelines. They are much riskier for both lenders and borrowers. Examples of sub-prime loans include Alt-A, Stated Income, and NegAm.
We have always followed strict underwriting criteria that meet the guidelines set by Fannie Mae and Freddie Mac. This policy helps us to protect the financial well-being of our members, the Bay Area, and the broader community.
Equal Housing Lender
SF Fire Credit Union is an equal housing lender. We act in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Find out more here.
As a local credit union, we measure our success one member at a time. We want to get to know you and help you achieve your goals. Come into a branch or call us today. Our people are happy to serve you.
1Flat Fee Services are available for California properties only and do not apply to FHS. Flat fee does not include title and escrow fees. Appraisal fee will be collected up front during the loan application process. Appraisal deposit is credited towards closing costs at funding. Appraisal deposits may by refunded if the loan 1. doesn't fund or 2. is cancelled (withdrawn) before an appraisal is ordered. Appraisal costs may vary based on property and transaction type.