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Want to refinance your Chevron Federal Credit Union mortgage?
Look no further.

Now until March 31: NO Lender Fees 1

If you apply for a refinance or modification of your existing Credit Union mortgage by March 31, 2021, we will waive your lender fees.1

Whether you are interested in a traditional refinance, a cash-out refinance, or our special Xpress loan modification program, you can rest assured that you are getting the best deal.

Chevron Federal Credit Union offers competitive rates and some of the lowest fees in the industry.

Whether you want to lower your interest rate or change the terms of your loan, our mortgage team members can help you decide if a mortgage refinance is right for you.

Mortgage refinancing may help you:

  • Save money by lowering the interest rate you are currently paying
  • Get access to equity in your home and take cash out to meet other needs
  • Pay off your loan faster by changing the term of your loan — for example, changing a 30-year fixed loan to a 15-year fixed loan
  • Change the terms of your loan — for example, changing an adjustable-rate mortgage (ARM) to a fixed-rate mortgage, or vice versa
  • Refinance your existing Chevron Federal Credit Union mortgage or your mortgage from another lender

Refinancing options

Traditional refinance
With a traditional refinance, you can exchange your current mortgage for a mortgage with different rates and/or terms. For example, you can apply for a mortgage with a lower interest rate, or exchange a 30-year fixed mortgage for a 15-year fixed mortgage. This can help you lower your monthly payment or pay off your mortgage faster.2

Cash-out refinance3
A cash-out refinance replaces your current mortgage with a mortgage of a larger amount in order to convert home equity into cash. You have the option to cash out up to 80% of the equity in your house.3 The dollar amount you cash out is then rolled into your existing mortgage balance. You have the option to change the term of your mortgage as well.

Xpress loan modification4
If you already have your mortgage with Chevron Federal Credit Union, you may qualify for an Xpress loan modification. This hassle-free loan modification does not require a new credit pull and involves minimal paperwork. Learn more about Xpress loan modification.

What our members are saying


Steve L.


"Credit unions really support healthy communities. Chevron Federal Credit Union is a great resource for members looking to manage their financial well-being. We were thrilled with the personal, knowledgeable service from a team that was obviously as committed as we were to making our refinance happen. They set reasonable time goals, managed the process and worked together to get us a great outcome in a time of financial uncertainty. Thank you Chevron Federal Credit Union."

Still have questions?

Our Mortgage Relationship Managers are here to help you every step of the way. Please call our Home Loan Help Desk at 888-334-5120. For those outside the U.S., call 510-627-5120.

To check your pending application status, simply log in to your existing application.

Chevron Federal Credit Union reserves the right to deny any request for a loan modification.

If a member with an existing Credit Union mortgage applies for a traditional or cash-out refinance of that mortgage between January 11 and March 31, 2021, the Credit Union will waive processing, closing, and application fees equal to $715. Third-party fees and taxes (such as transfer taxes and escrow and recording fees) will not be waived. If a member with an existing Credit Union mortgage requests an Xpress loan modification of that mortgage between January 11 and March 31, 2021, the Credit Union will waive the loan modification fee (which ranges from $1,500 to $4,000 depending on loan amount).
2 Once your refinance is complete, your mortgage balance usually stays the same. Sometimes you may be able to roll your closing costs into your balance so you don’t have to pay them up front, and that could increase your balance.
3 The Maximum LTV (loan-to-value ratio) for a cash-out first mortgage is 80% on a single unit principal residence and 75% on a 2–4 unit principal residence. For a second home/vacation property, the maximum LTV is 75%. For an investment property, the maximum LTV is 75% on a single unit property and 70% on a 2–4 unit property. Cash-out loans are not available for properties purchased in the prior six months unless the property was purchased with cash. If the property was listed for sale in the prior six months, the maximum LTV is limited to the lower of 70% or the maximum allowed per the above.
4 The Xpress loan modification rate will be the thirty (30) day no-point rate, for the corresponding conforming or jumbo loan program, as of the date of the Request for an Xpress loan modification. The Xpress loan modification fee for loan amounts up to $250,000 is $1,500; $250,001 – $548,250 is $2,000; $548,251 – $822,375 is $3,000; and greater than $822,376 is $4,000.

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