Mortgage Refinance

Life can change quickly, and we can help you adapt with low rates and a refinance that best suits your current situation.

A mortgage refinance might reduce your monthly payments. Or it could help you eliminate debt faster. Our experienced mortgage team can explain all the potential advantages so you can make a smart decision. We understand where you are, and you can trust us to create a solution tailored to your best interests.


    • Choose loan terms ranging from 10 to 30 years*
    • Competitive interest rates
    • Low closing costs
    • Get cash out of your home's equity
    • Get pre-qualified with no up-front costs
    • No application fees
    • Easy online application

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We have plenty of resources for wherever you are in life. Let us help you take the next important step.

Cash-Out Option

If you've built up equity in your home, you may be able to obtain extra cash during the refinancing process to use for any purpose.

Switch Loan Types

If you have an adjustable-rate mortgage, you might be able to lock in a favorable rate with a new fixed-rate loan.

Faster Payoff

A shorter-term loan can help you pay off your debt more quickly, potentially saving you thousands in interest charges.

The right mortgage is the key to good living.

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Mortgage Refinance FAQs

Before you decide, make sure you talk to us about closing costs. Keep a couple of things in mind. Sometimes a refinance will save you money in the long run but increase your payment; in other cases, you can decrease your payment and rate.
They typically take 30 to 45 days, but sometimes they can happen faster. A lot of it depends on how quickly you provide the required documentation to your mortgage loan processor.
This is difficult to say without analyzing your specific situation. It depends on a title search, a loan origination fee, an underwriting fee, an appraisal and more. We'll walk you through everything and let you know what the costs are likely to be before you commit.
Since you are basically creating a whole new mortgage, you can decide the loan terms.

You can shorten your term to 15 years, and pay your mortgage off early, or you can keep your payments low with and keep the 30 year term. We have no prepayment penalty, so you can have the best of both worlds with a 30-year mortgage but just pay extra on the principal each month. We'll work with you on structuring the loan.

Texas law says that your cash-out mortgage refinance must be limited to 80% LTV (loan-to-value). That means if your mortgage balance is 60% of your home value and you have earned 40% in home equity, the state of Texas will allow you to cash out 20% of your earned home equity.

You can use that equity for a lot of different reasons - debt consolidation, home improvements, financing a large expense and more. Talk to us about a Home Equity Line of Credit (HELOC) if you're interested in accessing your home's equity.

There is a 12-day cooling off period on all HELOCs and a three-day right of rescission after closing before the funds may be disbursed.


Why CUTX?

Great services, excellent staff.

Syed W. H.
I always feel like I’ve been given the best advice for me and my family. They really do put their members first.
Sonya M.
The stuff, loan team and customer service were very helpful throughout my car loan process. Credit Union of Texas was able to offer me the best rate available for my vehicle. I would highly recommended CUTX to all of my friends and family.
Abebe A.

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NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX's lending policies, and property approval. Prequalification is not a commitment to lend. Membership required.

*A typical 30-year conforming $250,000 loan with a fixed rate of 2.75% (2.672% APR) would have 360 monthly principal and interest payments of $1,004.13. The payment example is for illustrative purposes only and does not include amounts for taxes and insurance premiums. If applicable, the actual payment obligation will be greater. Rates and terms are subject to change without notice. The rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment and CUTX's lending policies.