Current Rates

• You decide not to move instead of buying a new home and want to save money over time.
• You have an adjustable-rate mortgage that could cost more due to rising interest rates.
• Your home’s value has increased, allowing you to tap into higher home equity by refinancing.
• You’ve been in your home a short time and want to build more equity via refinancing.
• You want to lower your rate or shorter your term.

The best way to apply for a new home loan, refinance or preapproval is to submit an application online. There is no cost or obligation to apply. After you apply, a mortgage loan officer will be in touch to discuss your application and next steps.

No, a full appraisal of your property is typically not required. If you have concerns about the valuation that we obtain, you can request a full appraisal.

UW Credit Union will fund your new loan and pay off your old loan. This happens simultaneously, and your old mortgage loan will show that it has been paid off at the same time that your new loan is funded. If you had escrow funds in your old loan, those will be refunded to you by the financial institution that serviced your old loan.

You do not have to be a UWCU member to apply for a loan with us. We ask you to join and become a member before your loan is finalized – all it takes to join is opening a savings account with $5!