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Home Refinance

Why Refinance?

Refinance your current mortgage with a new home loan 1 tailored to your goals. The most common reasons to refinance a home loan are:

  • Lower monthly payments
  • Lower interest rate
  • Update term of the home loan
  • New loan type, like removing the PMI option from a current loan
  • Cash-out home equity

How Does It Work?

When you refinance your current mortgage loan, you follow similar steps as if you were applying for a new home loan. Instead of buying a new home,  loan funds are used to pay off your existing mortgage.

We walk you through every step of the process to help you find a rate and loan term that best matches your home loan goals. 

Real Estate Loan Officers
Real Estate Loan Officers
Real Estate Loan Officers
Real Estate Loan Officers
Real Estate Loan Officers
Real Estate Loan Officers

Meet Your Loan Officer

Whether you want to purchase a new home, refinance, or use your home's equity, we provide one-on-one support to help you make the best decision for YOU. We're here every step of the way, so you don't have to plan alone. We're more than just experts – we're your neighbors who care! We take the time to understand your unique goals and answer all your home loan questions.

Ready to get started? Connect with a friendly Real Estate Officer today!

For a personalized rate and payment quote, please give us a call at (865)544-5409 or email homeloans@tvacreditunion.com.

MEET OUR TEAM

30-Year Fixed-Rate Mortgage

Effective 06-30-2025
Interest rates as low as...
6.375% 2
APR as low as 6.603%

APR = Annual Percentage Rate. A fixed-rate mortgage loan of $200,000.00 for 30 years at 6.375% interest and 6.603% APR will have a monthly payment of $1,247.74. Taxes and insurance not included; therefore, the actual payment obligation will be greater.

Lock In Rate

20-Year Fixed-Rate Mortgage

Effective 06-30-2025
Interest rates as low as...
5.875% 3
APR as low as 6.170%

APR = Annual Percentage Rate. A fixed-rate mortgage loan of $200,000.00 for 20 years at 5.875% interest and 6.170% APR will have a monthly payment of $1,418.48. Taxes and insurance not included; therefore, the actual payment obligation will be greater.

Lock In Rate

15-Year Fixed-Rate Mortgage

Effective 06-30-2025
Interest rates as low as...
5.375% 4
APR as low as 5.741%

APR = Annual Percentage Rate. A fixed-rate mortgage loan of $200,000.00 for 15 years at 5.375% interest and 5.741% APR will have a monthly payment of $1,620.93. Taxes and insurance not included; therefore, the actual payment obligation will be greater.

Lock In Rate

10-Year Fixed-Rate Mortgage

Effective 06-30-2025
Interest rates as low as...
5.125% 5
APR as low as 5.643%

APR = Annual Percentage Rate. A fixed-rate mortgage loan of $200,000.00 for 10 years at 5.125% interest and 5.643% APR will have a monthly payment of $2,133.55. Taxes and insurance not included; therefore, the actual payment obligation will be greater.

Lock In Rate

Happy couple reviewing refinance savings

More Ways to Save
A new mortgage helps you save for what matters most and build a stronger financial future. Explore popular reasons to refinance your home.

  • Lower Your Interest Rate
  • Reduce Monthly Payments
  • NEW Loan Terms The Fit Your Life


Whatever the reason is, our Home Loan Officers are here to help you find the best Home Loan to replace your current mortgage loan!

GET STARTED

HOME EATING PIZZA

What You Need For Your Application

  • Two forms of identification (including one photo ID)
  • Two-year work history
  • Most current pay stub (within last 30 days)
  • W-2s and tax returns (from the last two years)
  • Bank statements (from the last two months)
  • Address history (from the last two years)
  • Homeowner insurance company name and phone number
  • Sales contract (only for purchase loans)
  • Legal description of the property (Warranty Deed or Trust Deed)
  • Current mortgage statement (if applicable)
  • Most recent awards letter for Social Security and/or pension income (if applicable)

Disclosures

1 APR = Annual Percentage Rate. Restrictions apply. Not a government-affiliated agency. All applications subject to underwriting guidelines and approval. Rates based on creditworthiness. Ask for details. Please note the interest rate and fees shown are available to borrowers with excellent credit history with loan-to-values up to 80% of the appraised value or sales price of the property, whichever is the least amount. If the loan-to-value is higher than 80%, please contact us for a rate quote. The actual interest rate and fees available to you may be different than the rates displayed. All interest rates and APRs shown are subject to change without notice.

2 APR = Annual Percentage Rate. A fixed-rate mortgage loan of $200,000.00 for 30 years at 7.250% interest and 7.490% APR will have a monthly payment of $1,364.35. Taxes and insurance not included; therefore, the actual payment obligation will be greater.

3 APR = Annual Percentage Rate. A fixed-rate mortgage loan of $200,000.00 for 20 years at 7.000% interest and 7.308% APR will have a monthly payment of $1,550.60. Taxes and insurance not included; therefore, the actual payment obligation will be greater.

4 APR = Annual Percentage Rate. A fixed-rate mortgage loan of $200,000.00 for 15 years at 6.625% interest and 7.004% APR will have a monthly payment of $1,755.99. Taxes and insurance are not included; therefore, the actual payment obligation will be greater.

5 APR = Annual Percentage Rate. A fixed-rate mortgage loan of $200,000.00 for 10 years at 6.375% interest and 6.906% APR will have a monthly payment of $2,258.26. Taxes and insurance not included; therefore, the actual payment obligation will be greater.