Reimagine your mortgage — and your possibilities
Refinancing with OAS FCU can help you lower your rate, reduce your monthly payment, shorten your term, or access your home’s equity for what matters most.1
As a credit union, we guide you transparently through every option so you can make the smartest move for your goals.2
Why refinance with OAS FCU
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Member-first lending
Competitive rates, transparent pricing, and no prepayment penalties on OAS FCU-originated refinance loans.² -
Global understanding
Experience working with international employment contracts and multilateral organization staff within our field of membership. -
Simplified process
Digital application, secure uploads, and clear status updates every step of the way. -
Flexible solutions
Options to lower payments, adjust loan terms, or access equity, based on eligibility and program guidelines.¹
Our focus is not on profit margins — it’s on making your finances lighter and your future stronger.
What’s Your Refinance Goal?
Adjust your interest rate or loan term to explore more manageable payments. Often considered by members focused on improving cash flow.
Lower Your Monthly Payment
Reduce your interest rate or extend the repayment term to make payments more comfortable.
Good for: Improving cash flow and stability.
Pay Off Your Loan Sooner
Move from a 30-year to a 20-, 15-, or 10-year term to save thousands in interest.
Good for: Building equity faster and long-term savings.
Eliminate Private Mortgage Insurance (PMI)
If your home’s value has increased, refinancing could remove PMI and reduce your monthly cost.
Good for: Lowering your total monthly payment.
Switch from ARM to Fixed Rate
Convert your adjustable-rate mortgage to a fixed rate for consistent monthly payments.
Good for: Predictability and protection from future rate increases.2
Access Cash from Home Equity (Cash-Out Refinance)
Access a portion of your available equity for renovations, education, or consolidating higher-interest debt — based on eligibility and loan guidelines.¹
Refinance Your Home
Lower your rate, adjust your term, or tap into your home’s equity — with clear guidance to help you choose financing that fits your goals.1
How It Works
Apply online
about 15–20 minutes. You can save and return anytime.
Lock your rate
a 60-day rate lock at no cost may be available on select programs, subject to loan type and provider.2
Appraisal & underwriting
we confirm your property’s value and finalize documentation.
Close confidently
sign, fund, and start fresh with your new terms.
Costs & Eligibility
Typical closing costs: around 3%–6% of the loan amount (varies by location and loan type).1
Rolling costs into your loan: some fees can be financed if OAS FCU is your lender — ask your loan officer.2
Appraisal: generally required; sometimes waivable.
No prepayment penalties: OAS FCU does not charge prepayment penalties on home refinance loans.²
Refinance Checklist
The past 2 years of: addresses, employment history, and income details for all borrowers
Asset and debt details (bank/brokerage balances, monthly obligations)
Property information: year purchased, current balance, payment, and original cost
SSNs for all borrowers (as applicable)
VA loans: Certificate of Eligibility and most recent pay slip (if applicable).
Frequently Asked Questions
Refinancing replaces your existing mortgage with a new loan, including updated terms and pricing. A Streamline Modification adjusts certain terms of your existing OAS FCU mortgage without replacing the loan. Eligibility is based on account history, loan type, and program guidelines.¹
Typical closing costs range between 3–6% of the loan balance, but we can often roll them into the new loan or offset them through cooperative pricing
Usually yes, to confirm your home’s current value. Some OAS FCU loans may qualify for an appraisal waiver.
Yes. Your lending specialist will review your full situation and guide you through the available options.
Yes — if your home value has increased and your new loan LTV is 80% or less, refinancing may remove Private Mortgage Insurance and lower your monthly payment.
When you have meaningful equity and plan to use the funds for home improvements, education, or consolidating higher-interest debt.
Most refinances close within 30–45 days once all documents are received. We keep you informed at every stage of the process.1
Proof of income (paystubs or contracts)
Two years of W-2s or tax returns
Bank statements and property details
Current mortgage statement.
Disclosures
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OAS FCU loans are for members only. Home Equity Line of Credit (HELOC) terms are subject to credit approval, underwriting guidelines, and property eligibility requirements. Loan terms, credit limits, and costs may vary based on individual circumstances. Closing costs apply unless otherwise disclosed in a promotional offer. Property Insurance may be required.
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OAF FCU originates certain mortgage refinance loans in portfolio. Other refinance and mortgage loan options may be offered through third-party mortgage providers, including Credit Union Mortgage Association (CUMA). Loans originated by third-party providers are subject to their underwriting standards, rates, fees, terms, and conditions. OAS FCU is not responsible for the terms of loans originated by third-party providers.