Your home is your biggest asset. Mortgage refinancing frees up the equity you already own to help pay for what’s next.
Make the most of what you’ve already got. Access no-strings cash and lock in a great rate with a home loan refinance from Heritage Community Credit Union!
- Save Money on Interest: Refinance your current home to potentially lower your interest rate.
- Enjoy flexible terms: Refinance terms are tailored to your needs and budget.
With our easy, affordable refinancing options, you could get better terms, lower monthly payments, a better interest rate, or simply put some cash in your pocket. Refinances are available for primary residences, vacation homes, or investment properties.
Unlock the Rewards of Home Ownership With an HCCU Mortgage Refinance
With HCCU, you get the same great benefits whether you are refinancing or taking out an original mortgage:
- Refinancing options include fixed-rate mortgages, jumbo loans, and adjustable-rate mortgages (ARMs).
- Financing for up to 97% LTV.
- Quick and local processing of applications.
- Detailed, attentive service from our helpful loan advisors.
Not a member yet? Anyone who lives, works, worships, or attends school in Sacramento, Placer, El Dorado, Yolo, and San Joaquin Counties is eligible to join. Also, any California resident can become eligible by joining the Financial Fitness Association, which you can select during our online application process. Read more about the credit union difference.
FAQs About Credit Union Mortgage Refinancing in Sacramento
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What are the benefits of refinancing my mortgage?
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Refinancing your home allows you to access the equity you already hold in your home for other expenses. Refinancing can also potentially lower your loan’s annual percentage rate (APR) or reduce your monthly mortgage payment or loan term.
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What is a cash-out refinance?
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A cash-out refinance allows you to turn your home equity into actual cash without selling by “resetting” your original mortgage to reflect the higher value of your home or to allow you access money you have already spent on loan payments.
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What can I spend money from a cash-out refinance on?
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The lump sum you receive from a cash-out refinance can be spent on anything you wish, from property upgrades to tuition. Reinvesting this cash straight back into your home through home improvement upgrades or renovations allows you to build on the equity you have borrowed against and may come with tax savings.
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What is my loan-to-value (LTV)?
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Your LTV ratio represents how much you can borrow in a mortgage relative to the value of the property you are borrowing against. For instance, a mortgage with an LTV ratio of 80% plus a 20% down payment would finance the full value of the property you are purchasing.
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Do I need to be a member of HCCU to apply for a mortgage refinance?
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Yes, membership is required. Eligibility includes anyone who lives, works, worships, or attends school in Sacramento, Placer, El Dorado, Yolo, and San Joaquin Counties. Additionally, any California resident member of the Financial Fitness Association qualifies for membership.
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Other Personal & Home Loan Options
We understand that refinancing may not be for everyone. That’s why we offer a range of convenient, affordable loans to help finance everyday purchasing, ongoing projects, and your long-term goals and dreams.
Personal Lines of Credit
Access the cash you need as you need it with a HCCU Personal Line of Credit. Earn a competitive rate and pay interest on only the portion of your credit line that you choose to use.
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Home Equity Loans
Unleash the power of your home equity with a HCCU Home Equity Loan. It’s an efficient, affordable way to pay for home upgrades, college tuition, and other major expenses.
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Credit Cards
Find the right card for your financial needs. Whether you want to boost your purchasing power, earn rewards, or build your credit score, HCCU has you covered.
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