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Refinance Your Mortgage

A lower interest could get you a lower monthly payment.

Or call 1-800-561-9433

Fixed-Rate Options Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
30-Year Fixed 6.625% 6.665% -0.125 $1,920.93 360
20-Year Fixed 6.625% 6.678% -0.250 $2,258.85 240
15-Year Fixed 6.375% 6.440% -0.250 $2,592.75 180
10-Year Fixed 6.500% 6.592% 0.000 $3,406.44 120
7-Year Fixed 6.625% 6.752% 0.000 $4,473.01 84
5-Year Fixed 6.625% 6.798% 0.000 $5,887.43 60

Fixed Rates effective as of November 29, 2024.Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 780 or greater and 75% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 780 or greater, 25% down payment, and loan amount of $300,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about mortgage products with terms other than those listed.

More Disclosure

Adjustable Rate Options Interest Rate  APR  Points  Initial Monthly Payment Maximum Monthly Payment
5/5 ARM 30 Year 7.125% 6.793% 0.000
Months 1-60
$2,021.16
Months 61-360
$2,224.00
7/6 ARM 30 Year 7.500% 7.600% 0.000
Months 1-84
$2,097.64
Months 85-360
$2,364.00
5/6 ARM 30 Year 7.125% 7.460% 0.000
Months 1-60
$2,021.16
Months 61-360
$2,313.00
3/6 ARM 30 Year 7.125% 7.532% 0.000
Months 1-36
$2,021.16
Months 37-360
$2,354.00

Adjustable Rates effective as of November 29, 2024. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 780 or greater and 75% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $400,000, FICO® score of 780 or greater, 25% down payment, and loan amount of $300,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about ARM products with terms other than those listed.

The 5/5 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every 5 years up to the 15th year at which the interest rate can increase or decrease annually based on the average yield of the 5-year treasury, plus our margin (2.25%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

The 7/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 7 years (84 payments). After the initial seven-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial seven-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 85-360 is based on the current index plus the margin (fully indexed rate).

The 5/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

The 3/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 3 years (36 payments). After the initial three-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial three-year period, your interest rate can increase or decrease every six months based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the 30 Day SOFR yield plus our margin (3.00%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 37-360 is based on the current index plus the margin (fully indexed rate).

More Disclosure

Refinance Your Mortgage

Free up some cash or shorten the life of your mortgage.

KEY FEATURES

  • Pay off your existing mortgage and replace it with a new one, usually to secure a better interest rate or term
  • Refinance to a better rate to reduce your monthly mortgage payment
  • Refinance to a new shorter-term loan to build equity faster
  • Tap into your home’s equity and receive a one-time cash payment during refinancing
  • Refinance to fixed-rate or adjustable-rate mortgage or an FHA or VA loan
  • Down payment as low as 10% of purchase price
  • in 15-20 minutes!

MAY BE A GOOD CHOICE IF

  • You want to free up some money in your budget by reducing your monthly mortgage payment
  • You want to shorten the term of your mortgage
  • You want a one-time cash payment during refinancing
  • Trade-off: The lowest rates usually carry some fees and closing costs

Being able to lower that mortgage rate freed up funds to do other things, like fix the place up.

- James C. | Member since 2016
  1. 2 Based on asset size as of 12/31/2022.