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Home Loans at Virginia Credit Union
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Home Refinance

Thinking about refinancing your home? Refinance to lower your monthly payments, change the term of your mortgage, or get cash out to use for a home project or other expense.

Limited-time offer


off closing costs when you finance with us!1

  • 1 Virginia Credit Union is offering a $500 discount on closing costs on new mortgage loans subject to qualification and credit approval. This promotion is valid on new applications submitted between 04/01/23 and 9/30/2023. The closing cost reduction will be limited to the lesser of $500 or lender closing costs and may not exceed maximum seller contribution limits set by program guidelines. Mortgage loan must close by 12/31/2023. This is not available for USDA or construction loan products. This offer can be used in conjunction with the Welcome Home Discount. It cannot be combined with any other promotion or discount and is subject to compliance with Virginia Credit Union’s loan program guidelines.
Attractive benefits


No closing cost refinance option available.2

Choose from


refinancing options: rate/term or cash out.

Why refinance with VACU?

 Our no closing costs refinance option can help you save on upfront costs.

 We have competitive rates and flexible terms.

 Choose a cash-out refinance, and you can use your home’s equity for a project or to pay off other debt.

 Our local mortgage experts will help you every step of the way.

 Refinancing can lower your monthly payments or change the term of your loan.

 Close on your loan within 60 days.

Conventional Fixed Rate Refinance

Rates as low as


Good option if you want a consistent payment for the life of the loan.

No Closing Cost Refinance

Rates as low as


Good option to save on upfront costs.

FHA Streamline Refinance

Rates as low as


Good for FHA mortgage holders looking to lower their monthly payments.

What to expect when you refinance

Step 1
Talk to a mortgage loan officer.

Talk to one of our local mortgage loan officers about refinance options, including term/rate changes, a no closing cost option, and cash-out refinances.

Step 2
Apply with us.

Apply for your mortgage refinance by completing our easy-to-use digital application.

Step 3
Finalize your mortgage.
  • Sign disclosures, which will include an estimate of your closing costs. 
  • While the loan processor is putting the final touches on your documents, they might reach out with questions or requests for additional documentation.
Step 4
Close on your new loan!

Work with a closing attorney to sign and finalize the closing documents and provide funds for closing.

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Virginia Statewide Title Services

Offers affordable title insurance to protect you against defects in your property title and can also connect you with a participating closing attorney in your area.

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Mortgage Loan Officers

Whether you’re looking to buy or refinance, we have a team of local mortgage loan officers ready to help.

  • Mortgage Resources

    See More Resources

    • Why Refinance?

      Refinancing is the process of paying off an existing loan with the proceeds from a new loan, and using the same property as collateral.
      • Should I refinance?

        When you refinance at a lower interest rate, you usually pay refinancing costs including points, fees, and closing costs. This calculator will tell you if the amount you save in interest will exceed these refinancing costs.

    Refinance your mortgage.

    Consider refinancing your current mortgage to get more for your money.