Refinancing a Home
Historically low mortgage rates can save you money today.
We can help you refinance your current mortgage to help lower monthly payments, lower your interest rate, or even take cash out for large purchases. Whatever your reason, our Mortgage Loan team works with you to help you reach your goal.
Let's get started!
Complete the online application in under 10 minutes (on average). Once you submit your application, you will be contacted by the local mortgage lender to determine your goal, your options, and the best solution fit for you and your lifestyle.

Perks of a CMCU Mortgage Loan
We're Local
Loan Options
Lower Fees
Digital Experience
Home Loan Process
Complete an Application
Submit an application with some details such as your contact information, property details, current debt, monthly payments, and approximate credit score. A mortgage lender will be in touch within several business days with a loan estimate and any additional details. You will need to submit more documents such as bank statements, pay stubs, W-2s, tax returns, or details of your employment. Your mortgage lender will explain the documentation needed.
Home Appraisal
A mortgage lender will order an appraisal for your home to determine its value based on factors such as the number of bedrooms or bathrooms, similar homes sold recently in the area, and any other characteristics of the home. All of these factors will be considered when determining the loan amount and terms.
Sit tight as CMCU does some processing and files all the paperwork. We'll be in touch with you regarding the final details of your mortgage loan, how much your payment will be, and other fun details. This is also when the closing date will be set.
Mortgage Closing
It's Closing Day! We'll need your wet signature on a variety of documents to finalize your mortgage loan and process refinance of the mortgage loan. This will likely happen at a titled company's office.
"Should I Refinance My Mortgage?"
Mortgage Loan Refinance Calculator
Estimate monthly payments and total interest paid on any fixed-rate mortgage loan.

HELPFUL TIP
Apply for a mortgage loan today!
We’re ready to help finance your home so you can enjoy bigger, better savings.
Apply NowMortgage Programs
Check out some of the mortgage loan options available with CMCU:
CONVENTIONAL
MORTGAGE
Traditional mortgage loans with fixed rates throughout the term of the loan.
ADJUSTABLE-RATE
MORTGAGE (ARM)
Mortgage Loans with variable interest rates which may fluctuate payments.
FIRST-TIME
HOMEBUYERS
Learn more about purchasing your first home and your options available.
LAND
LOANS
Get a land loan to purchase a piece of property for construction or recreational use.
RURAL
DEVELOPMENT (RD)
A program available through USDA to boost rural communities and offer appealing mortgage loans to buyers.
FHA
LOANS
Funds are available from the Federal Housing Administration to low-moderate income families.
HOMEREADY BY
FANNIE MAE
A program for credit-worthy low-to-moderate income borrowers or homes in low-income communities.
VETERANS
AFFAIRS (VA)
A VA loan helps provide home financing for eligible Servicemembers, Veterans, and surviving spouses.
Membership
Not a Member? Join us today!
- Wide variety of products
- 21 convenient branch locations.
- Online and mobile banking
- 24,000 ATM locations nationwide
- Online Bill Pay and eStatements
- Low interest rates on loans
- High interest rates on savings
- Low cost or free checking
Please note, while you are undergoing the mortgage loan process, it is best that you check with your mortgage lender before opening any other loans at the same time.
$1,000 origination fee does not apply for construction loans or in-house mortgage programs
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
We may also ask to see your driver’s license or other identifying documents.