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Home Refinance

Refinancing your mortgage can mean more money in your pocket, whether you
want to lower monthly payments or get cash to consolidate your loans.

Limited time offer

$500 off

closing costs on a new mortgage1

  • 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 02/01/20 and 09/30/2020. 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 12/31/2020. This is not available for VHDA, Housing Finance Agency/Bond, or Rural Development products. This offer can be used in conjunction with the VACU Realty, Virginia Select, and Joyner Fine Properties rebate. 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 available2

Lowest rates in years

 View all rates3

  • 3 Rate effective as of 8/5/2020 10:42:42. These rates are for illustrative purposes only. Other product and rate options are available. Your actual rate and annual percentage rate (APR) are dependent upon your application and may vary based on factors such as your credit score, loan purpose, occupancy, property type, loan amount, and the value of your home. Interest rate and APR are updated daily and subject to change without prior notice. Please note that an origination fee may be included in the APR.

We offer two refinancing options:

Rate/term: Change the structure of your first mortgage, meaning get a new rate or length of the loan, without advancing new money on the loan. You might choose this option to take advantage of lower rates or to convert from an adjustable-rate loan to one with fixed rates.

Cash Out: Take money out of your equity–which is the money you’ve paid into your home. You can use that to pay for home improvement or debt consolidation. 

Features & benefits

  • Refinance loan for primary residences, second homes, investment properties and land in Virginia
  • Close loan within 60 days