Cash-out Refinance

Could your home use a refresh? Or could you use cash for debt consolidation?

It’s time to fall in love with your home again. With our cash-out refinance you can fund those projects on your wish list. Whether your kitchen is begging you for a remodel or you want to pay off credit cards, our local team can help you find the best financial solution for needs.

Cash-out refinancing options are available for primary residencies and second homes

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First Fed mortgage financing is only available for Washington State properties at this time. Need more information? Contact our Mortgage Loan Officers to discuss your options and let us help guide you through this process.

Special Refi Offer

Close a loan with us and if mortgage rates drop, you’ll get a credit up to $5,000 off the next refinance closing costs with First Fed.

How it works

• Close a loan with First Fed
• If rates fall and you are ready to refinance, apply with First Fed.  If the transaction meets all of the terms of eligibility, you will receive a half point (0.500%) lender credit towards your closing costs.

Terms of Eligibility

• The refinance will pay off a mortgage originated on or before 12/31/2025 with the last recorded Deed of Trust identifying First Fed Bank as the “Lender”.

Disclosure

• Application date for the refinance must be 150 days or more after the funded date of the existing mortgage and prior to 12/31/2026.
• The refinance transaction must be for the same property as the initial mortgage.
• Land/lot loans are not applicable.
• The refinance transaction must be a fixed rate loan. 
• No restrictions on loan type (conventional, USDA, VA, etc.)
• No restrictions on occupancy.
• The refinance transaction must meet all terms of eligibility and underwriting requirements for the selected product, program, and investor guidelines at the time of refinance.

Refinance Credit Offer Terms

• A general lender credit of 0.500% of the total refinance loan amount will be credited to the loan closing costs, not to exceed $5,000.
• The credit will be applied on the Closing Disclosure after the loan has met all terms of eligibility stated above.