Interested in refinancing your Spectrum Credit Union mortgage? Now's the time.
Whether you are interested in a traditional refinance, a cash-out refinance, or our special Rate Refresh loan modification program, you can rest assured that you are getting the best deal.
Mortgage refinancing is a great option if you’re looking to lower your interest rate or change the terms of your current loan.
Our mortgage team members are here to help you determine if a mortgage refinance is right for you, and which type would work best for your situation: a traditional refinance, a cash-out refinance, or a Rate Refresh loan modification. With competitive rates and flexible terms, Spectrum Credit Union offers some of the best financing options available.
“Service was excellent, especially from Michael S. My loan process went smooth and the rates I received — I couldn’t be happier. Thank you, Spectrum Credit Union!”
Our Mortgage Loan Officers are here to help you every step of the way. Please call our Home Loan Help Desk at 888-750-4124. For those outside the U.S., call 510-251-6010.
To check your pending application status, simply log in to your existing application.
Please Note: Credit bureaus are allowed to make your contact information and credit score available to other mortgage providers. If you wish to opt-out of receiving pre-screened offers, call 888-5-OPTOUT (888-567-8688) or visit optoutprescreen.com.
Review our Privacy Notice for when we may share your information.
1 Once processed, your mortgage balance usually stays the same. Sometimes you may be able to roll your closing costs into your balance so you don’t have to pay them up front, and that could increase your balance. Payment Example:At a 6.125% interest rate (6.385% APR), a 15-year conventional mortgage would have monthly payments of $4,661.43. These payments are based on a $548,000 loan on a $685,000 property in Alameda County, CA. If an escrow account is required or requested, your actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The values shown assume the loan is for the purchase of a single-family residence that will be used as a primary residence and that the applicant has a credit score of 740 or higher.
2The Maximum LTV (loan-to-value ratio) for a cash-out first mortgage is 80% on a single unit principal residence and 75% on a 2–4 unit principal residence. For a second home/vacation property, the maximum LTV is 75%. For an investment
property, the maximum LTV is 75% on a single unit property and 70% on a 2–4 unit property. Cash-out loans are not available for properties purchased in the prior six months unless the property was purchased with cash. If the property was listed
for sale in the prior six months, the maximum LTV is limited to the lower of 70% or the maximum allowed per the above.
Spectrum
Credit Union reserves the right to deny any request for a loan modification.
If you’re eligible for membership, we’re ready to hear from you. Not sure if you’re eligible? You can check if you qualify here.
Why join Spectrum Credit Union? Learn more.
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