Mortgage Refinance

Refinance your mortgage to a new low rate

Is it time to refinance your mortgage? By refinancing, you can lower your interest rate, change your loan term, or even take cash out of your home's equity. If you're a southern California homeowner, consider refinancing with your local community credit union. 

To apply for your refinance loan now, click Get Started below and select "Create Account".


Get Started


Low Rates

We offer low rates on fixed and adjustable loans

Expert Advice

Discuss all your available options with one of our mortgage experts

Cash-out Refinance

Access extra funds to use as you wish


Investment Properties and Second Homes

Ask us about options for investment property owners

Cash-out refinance

Is a cash-out refinance right for you?

A cash-out refinance allows you to access your home’s equity by refinancing your existing mortgage with a new loan that pays off your current loan and leaves you with additional funds to use as you wish.

Your new refinance loan my have new terms, a new rate and a new payment schedule. Your loan amount will be higher than what you currently owe on your existing mortgage, allowing you to use the remaining balance. You can refinance up to 80% of the combined loan-to-value of your home.

Questions? Contact a personal mortgage consultant 

Jonathan Zermeno

Mortgage Loan Consultant

NMLS# 540183

562.936.8750 x 5215

jzermeno@southlandcu.org

Paul Walker

Mortgage Loan Consultant

NMLS# 1072444

562.936.8732

pwalker@southlandcu.org

Loans are available to Southland Credit Union Members only. Credit Union Membership is subject to eligibility. Loans are subject to credit and collateral qualification, other fees and conditions may apply. Rates are subject to change without notice. Other rates may apply based on your individual credit profile. NMLS #685526.

APR=Annual Percentage Rates. The rates offered are examples, and not intended to be inclusive or a commitment to the pricing for which you may qualify. The loan and accompanying interest rates, points, and APRs may differ and be adjusted based on your credit history, loan-to-value (LTV), occupancy, property type, loan amount, and loan purpose. All loans are subject to a qualifying credit score and approval. Interest rates, points, and APRs are subject to change without notice.

ARM=Adjustable Rate Mortgage. The loan and accompanying interest rates, points, and APRs may differ and be adjusted based on your credit history, loan-to-value (LTV), occupancy, property type, loan amount, and loan purpose. Rates are subject to increase or decrease at the end of the fixed rate period, may adjust annually, and are based on an index plus a margin. The current index is the 1-Year London Interbank Offered Rate (LIBOR) as published in The Wall Street Journal. The 5 year Constant Maturity Treasury (CMT) is used as the index for the 5/5 ARM product. P&I payment is subject to change after first interest adjustment.

Southland will send Members a Loan Estimate detailing these costs within 72 hours of receiving a completed loan application. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Additional loan programs are available; ask for details. Other fees and conditions may apply.

Fixed-Rate Loans: Loan amounts vary and depend on property location and number of units. Maximum Loan Amount: Up to 95% combined loan-to-value for purchase and limited cash out. Up to 80% for cash out. 97% loan-to-value for first time homebuyers.

Jumbo Loans: Jumbo Loans are mortgages that exceed $822,375. Loan amounts vary and depend on property location and number of units. Maximum Loan Amount: Up to 75% combined loan-to-value for purchase and limited cash out. Up to 70% for cash out.