Home Refinance

Home refinance³ loans replace your current mortgage with a new one. Generally, people refinance to lower the interest rate, reduce monthly payments, or use their home’s equity. Others refinance a home to pay off the loan faster, eliminate private mortgage insurance, or switch from an adjustable to a fixed-rate loan. For various life scenarios, we have options to fit your needs.

• Borrow up to 80% of your home’s value
• Closing costs as low as $595
• Fixed rate and payment with terms of up to 30 years
• Loans from $10,000 to $500,000
• Primary residence and a second home in Virginia

View Rates

¹Property insurance is required prior to loan closing. APR - Annual Percentage Rate. For further details please contact a credit union representative. Rates, terms, conditions and services subject to change. Not all borrowers will qualify for the lowest rate. Closing costs may increase if additional appraisal on property is requested or subordination documents are created. Waived closing costs(meaning paid by the credit union)could include property appraisal, title search and document preparation at an approximate cost of $595. Maximum loan amount is $25,000 or less when LTV exceeds 80%.Payment example based on a $10,000 loan: $96.50 at 2.99% APR with a 10-year term; $69.00 at 2.99% APR with a 15 year-term; $56.66 at 3.24% APR with a 20-year term; $44.84 at 3.49% APR with a 30-year term. Payment samples do not include taxes or insurance premiums, if applicable and your payment may be higher. Actual rate will vary depending on applicant’s credit ratings and length of loan term. If you decide not to enter into this plan within three business days of receiving this disclosure and the home equity brochure, you are entitled to a refund of any fee you may have already paid. Not all applicants will be approved. 

²Property insurance is required prior to loan closing. APR = Annual Percentage Rate. For further details please contact a credit union representative. Rates, terms, conditions and services subject to change. Not all borrowers will qualify for the lowest rate. Waived closing costs could include property appraisal, title search and document preparation at an approximate cost of $595. APR on the Home Equity Line of Credit may vary, minimum APR is 3% and maximum APR is 16%. Draw period for Home Equity Line of Credit is 5 years. Actual rate will vary depending on applicant’s credit ratings and length of loan term. You may draw against your credit line any time during the first five years after closing. If you close your Home Equity Line of Credit Plan and satisfy the security instrument within 12 months of the Plan's opening, you will reimburse us 100% of the closing costs we paid on your behalf. If you close your Home Equity Line of Credit Plan and satisfy the security instrument within 13-36 months of the Plan's opening, you will reimburse us for part of the closing costs we paid on your behalf by paying us a partial reimbursement fee of $350.00. If you decide not to enter into this plan within three business days of receiving this disclosure and the home equity brochure, you are entitled to a refund of any fee you may have already paid. Not all applicants will be approved. 

​³Actual rate will vary depending on applicant’s credit ratings and length of loan term. Henrico FCU and Bellwood CU will obtain a valid first or second lien position on the consumer’s dwelling. Henrico will obtain a valid first or second lien position on the consumer’s dwelling. Adequate property insurance is required.Taxes and insurance are not reflected in the payment example. Payment will be higher. Annual Percentage Rate is variable and subject to change after the loan is open

Membership eligibility required. Not all applicants will qualify.