Refinance and Save

Special Offer: Get a below-market rate on your mortgage refinance.

Today's loan rate

30 Yr Fixed 6.823%
Apply Now

You no longer have to wait for rates to drop to take advantage of your home’s equity. Take advantage of a special opportunity to access the cash in your home and enjoy the convenience of refinancing your existing mortgage loan into one easy payment. As a valued Southland Member, you may be eligible to receive up to 3%* off today’s market rates with a Fixed-Rate Mortgage Loan refinance.

With a cash-out refinance, you can:

  • Tap into your home’s equity for cash when you need it
  • Secure a lower rate—up to 3% below today’s market
  • Use funds for home improvements, debt consolidation or anything you choose

Waiting for rates to come down could cost you opportunities. With Southland, you don’t have to wait—you can refinance now and save!

Calculate your savings

Example Savings: A $500,000 mortgage at a 7.5% rate results in a monthly payment of approximately $3,500. With our special refinance rate of 5.5%, your monthly payment would be approximately $2,850—a savings of $650 per month and $7,800 annually!

Calculator

Key features of this offer:

  • Access the cash in your home with a cash-out refinance or rate reduction refinance
  • Enjoy the convenience of consolidating your existing mortgage and the new cash you need into one manageable payment
  • Receive up to 3% off today’s current market rates
  • Eligible loan terms: 10, 15, 20 and 30-year fixed-rate mortgages
  • The new loan term must match your existing loan term
  • Minimum loan amount: $250,000
  • Today’s rate is based on the rate on the day the loan is locked, and all loan-level pricing adjustments apply
  • Eligible for 50,000 Enjoy! Rewards bonus points 


home ADU

Apply now and save!

This exclusive refinance offer is available only to Southland Members with an existing first mortgage loan. Simply fill out the form below, and a member of our Mortgage team will contact you shortly.

Rates Effective 03/27/2025

  • 30 Yr Fixed
    6.625% Rate
    0.000% Points
    6.722% APR1
    $6.40 Payment/$1,0002
  • 30 Yr Fixed
    6.750% Rate
    -0.250% Points
    6.823% APR1
    $6.49 Payment/$1,0002
  • 20 Yr Fixed
    6.250% Rate
    0.000% Points
    6.377% APR1
    $7.31 Payment/$1,0002
  • 20 Yr Fixed
    6.375% Rate
    -0.500% Points
    6.438% APR1
    $7.38 Payment/$1,0002
  • 15 Yr Fixed
    5.875% Rate
    0.000% Points
    6.031% APR1
    $8.37 Payment/$1,0002
  • 15 Yr Fixed
    6.000% Rate
    -0.250% Points
    6.117% APR1
    $8.44 Payment/$1,0002
  • 10 Yr Fixed
    5.750% Rate
    0.000% Points
    5.971% APR1
    $10.98 Payment/$1,0002
  • 10 Yr Fixed
    5.875% Rate
    -0.375% Points
    6.014% APR1
    $11.04 Payment/$1,0002

Rates shown not available in all states. Rates are representative and rounded to nearest point. Actual rates may vary. Assumptions and monthly payments. Fixed-Rate Loans: -Conforming loan amounts vary and depend on property location. -Maximum Loan Amount: Up to 80% combined loan-to-value. Jumbo Loans: -Jumbo Loan amounts vary and depend on property location. -Maximum Loan Amount: up to combined loan to value.

Conforming Loans up to $806,500 and $1,209,750 for High Balance loans in Los Angeles, Orange and San Diego Counties. Primary Residence and Second Homes only.

1APR=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.

2Estimated payment per $1,000 borrowed calculated on $200,000 for conforming loans, $806,500 for Conforming High Balance loans and $1,209,750 for jumbo loans. Loan amount and includes principal and interest only. Taxes & insurance will increase your payment. Loan costs include points, loan origination fee, title insurance, escrow, recording, processing fee and impounds for taxes & insurance (if applicable). The Credit Union 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.

Rates Effective 03/27/2025

  • 30 Yr Fixed
    7.000% Rate
    0.000% Points
    7.099% APR1
    $6.65 Payment/$1,0002
  • 30 Yr Fixed
    7.125% Rate
    -0.375% Points
    7.187% APR1
    $6.74 Payment/$1,0002
  • 15 Yr Fixed
    6.875% Rate
    0.000% Points
    7.101% APR1
    $11.55 Payment/$1,0002
  • 15 Yr Fixed
    7.000% Rate
    -0.250% Points
    7.169% APR1
    $11.61 Payment/$1,0002
Rates shown not available in all states. Rates are representative and rounded to nearest point. Actual rates may vary. Assumptions and monthly payments. Fixed-Rate Loans: -Conforming loan amounts vary and depend on property location. -Maximum Loan Amount: Up to 80% combined loan-to-value. Jumbo Loans: -Jumbo Loan amounts vary and depend on property location. -Maximum Loan Amount: up to combined loan to value.

Conforming High-Balance Loans $806,501-$1,209,750. Primary Residence and Second Homes only.

1APR=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.

2Estimated payment per $1,000 borrowed calculated on $200,000 for conforming loans, $806,500 for Conforming High-Balance loans and $1,209,750 for jumbo loans. Loan amount and includes principal and interest only. Taxes & insurance will increase your payment. Loan costs include points, loan origination fee, title insurance, escrow, recording, processing fee and impounds for taxes & insurance (if applicable). The Credit Union 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.

*Offer is available to existing Southland Members with an active first mortgage loan. The new loan must be used to pay off an existing Southland first mortgage. The minimum loan amount, including the refinanced loan and cash-out amount combined, is $250,000. The maximum loan amount is subject to Fannie Mae High Balance Limits. The discounted rate is capped at 3% below current market rates and cannot be lower than the rate on the existing first mortgage loan being refinanced. The new loan must have the same term as the existing mortgage. Loan Level Pricing Adjustments (LLPAs), fees and lock extension costs apply. ARM loans are not eligible. Rates are subject to change based on market conditions and will be determined at the time of rate lock. Additional terms and conditions may apply. All loans are subject to credit approval and Southland Credit Union lending policies.