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Rapid Refinance
If you're planning to pay off your home loan within 15 years and are interested in refinancing without the traditional closing costs, then our 12 year fixed rate Rapid Refinance program may benefit you.

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This is a Qualifying Service
Featured Rates**
30 Year Fixed Rate
Rate APR* Points
3.875% 3.905% 0.000%
15/15 ARM
Rate APR* Points
3.500% 3.632% 0.000%
7 Year Jumbo ARM
Rate APR* Points
3.250% 3.929% 0.000%
15 Year Fixed Rate
Rate APR* Points
3.250% 3.304% 0.000%
Rapid Refinance 12 Year Fixed Rate
Rate APR* Points
2.990% 3.001% 0.000%
Watch our video about recent home loan process changes.

Lowest Closing Cost Commitment††

We Consistently Beat
Other Lenders' Closing Costs

If you are able to get lower closing costs
on your home loan with another lender, even with a promotional offering, we'll match it or give you $500.


* APR is annual percentage rate. Rates are subject to change.

†† Lowest Closing Cost Commitment is available only for first mortgage purchase or refinance transactions. Offer excludes VA, FHA, WHEDA, Rapid Refinance, jumbo, lot and construction loans. Offer subject to credit approval. To qualify for the offer, a borrower must complete a UW Credit Union mortgage application and provide an unexpired Loan Estimate of an equivalent loan from a competing lender prior to locking either loan. UW Credit Union will determine at its sole discretion if the loan terms of the two loans are equivalent and compare closing costs. The comparison of closing costs will exclude title insurance, transfer tax, escrow payments, daily interest charges and loan level pricing adjustment (LLPA) fees. LLPAs represented as origination points or fees are also excluded. UW Credit Union will determine whether to match closing costs or pay $500 for qualified borrowers at its sole discretion. Offer not valid if loan terms or conditions change prior to loan closing with UW Credit Union or competing lender. UW Credit Union will not compare closing costs for this offer once a mortgage loan is locked with UW Credit Union or a competing lender.

Membership requirements apply. Member must have a qualifying UW Credit Union checking account to receive $500, which will be deposited into member’s Premium, Value or Access checking account within 90 days after receiving a copy of the (1) final Closing Disclosure and Settlement Statement and (2) mortgage note within 30 calendar days of closing the loan with a competing lender. By law, $500 must be reported for tax purposes. Offer subject to change and without notice.

UW Credit Union actively monitors key market competitors quarterly; as of 6/28/2017, average closing costs are $1,911. Average closing costs are based on conventional fixed rate mortgage loans.

$500 off closing costs offer valid for purchase and refinance transactions closed May 1, 2017, through October 31, 2017. The $500 discount will be applied at closing as a lender credit. Offer excludes VA, FHA, WHEDA, lot, construction and Rapid Refinance loans. Offer valid for first mortgages only. Offer is subject to credit approval and underwriting and is subject to change. Escrow and daily interest charges are not included in closing cost amount. Mortgage insurance is required for transactions over 80% LTV. No checking account required. No other discounts apply. See us for details.

** Rates & APR. Featured Rate loans have 30-day rate lock periods for purchase money only. Fixed and Adjustable-Rate Loans – Displayed rates assume a value of $250,000 with a loan amount of $200,000 and a minimum credit score of 740.

Jumbo 7/1 ARM – Displayed rates assume a value of $594,000 with a loan amount of $475,200, 20% down payment, term of 360 months, monthly payments of $2,585 and a minimum credit score of 740. Payment does not include taxes and insurance.

1 Rapid Refinance has a $149 processing fee due at closing. Must be a primary residence and owner-occupied home. Other closing costs are waived, except for the appraisal cost if required. Appraisal costs range from $200 to $400 depending on the loan amount. Homeowner's insurance is required. $149 processing fee applies to new Rapid Refinance requests. If less than 24 months have elapsed since last Rapid Refinance, a $795 modification fee will apply.

2 UW Credit Union closing cost credit is variable and may be up to $1,000. Credit will be calculated on actual cost, excluding owner’s title and transfer tax fees, and will be reflected on the Closing Disclosure (CD). Offer valid for purchase transactions only; refinances do not qualify. Offer valid for first-time buyers only. An individual is to be considered a first-time homebuyer who (1) is purchasing a property; (2) will reside in the property as a principal residence; and (3) has had no ownership interest (sole or joint) in a residential property during the three-year period preceding the date of the purchase of the property. The discount will be applied at closing as a lender credit and reflected on the CD. This offer excludes VA, FHA, WHEDA, lot, construction and Rapid Refinance loans. Offer valid for first mortgages only. Offer is subject to credit approval and underwriting and is subject to change without notice. Escrow and daily interest charges are not included in closing cost amount. Mortgage insurance is required for transactions over 80% LTV. This offer requires an established UW Credit Union checking account. No other discounts apply; cannot be combined with any other offers. Contact us for details.

3 UW Credit Union is ranked among the top ten home loan lenders in the state based on information from county Register of Deeds Offices; CoreLogic.

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UW Credit Union
pref 3500 University Avenue
Madison, WI 53744-4963 43.075532 -89.448226
UW Credit Union, postal PO Box 44963, Madison, WI 53744-4963
43.075532 -89.448226