Refinance My Home
Are you looking to lower your monthly mortgage payment? Or change the length of your loan term?
Our team of local mortgage experts can walk you through your refinance options, so you get a clear picture of your potential savings. Refinancing options are available on all property types including primary residencies, secondary homes, or investment properties.
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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 12/31/2024 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 12/31/2025.
- 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.
Refinance rates as low as:
Refinance: Rate-and-Term Refi Rates
Apply Now| Loan Term | Interest Rate | APR | Discount Points | Ex: Loan Amount | Ex: Monthly Payment |
|---|---|---|---|---|---|
| 30-year Fixed Rate Refinance | 6.875% | 6.945% | .375 | $450,000.00 | $2956.18 |
| 15-year Fixed Rate Refinance | 6.375% | 6.447% | .125 | $450,000.00 | $3889.13 |
Interest Rates Effective: 11/15/2024
Refinance: Cash-out Refi Rates
Apply Now| Loan Term | Interest Rate | APR | Discount Points | Ex: Loan Amount | Ex: Monthly Payment |
|---|---|---|---|---|---|
| 30-year Fixed Cash-out Refinance | 7.250% | 7.284% | .000 | $450,000 includes $150,000 cash out | $3069.79 |
| 15-year Fixed Cash-out Refinance | 6.875% | 6.928% | .000 | $450,000 includes $150,000 cash out | $4013.34 |
Interest Rates Effective: 11/15/2024
Rates listed are for primary residence in single family home with 25% equity and borrower credit score of 780. APR (Annual Percentage Rate) is based on loan amount and interest rate. Example monthly payments quoted include principal and interest (P&I) only. Actual payments may be higher if they include taxes and insurance. Rate, terms and fees are subject to change without notice. Subject to credit approval. Ask us about additional available loan programs.
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