Xpress Loan Modification

Now until March 31: NO Lender Fees 1

Request an Xpress loan modification to today's rates by March 31, 2021, and you will pay NO modification fees.1

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.2

There are two options

  1. Interest rate modification: Adjust your APR3 only (your term and the type of loan remains the same).
  2. Loan type modification: Adjust your APR3 and the terms and/or type of your loan. 
Instead of closing costs, you pay a set fee for the modification.

Loan AmountFee
Up to $250,000$1,500
$250,001-$548,250$2,000
$548,251-$822,375$3,000
$822,376+$4,000

Please note that your principal balance will not change. If you want cash out or need to finance your fees, a traditional or cash-out refinance may be a better option.

Contact our Xpress Refi Help Desk

How can we help you today?


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

1 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
The Xpress loan modification program is only eligible on existing mortgages that have made 12 on-time payments. Your actual Xpress rate will be determined on the date you request your loan modification. The current Xpress rate is equal to the forty-five (45) day no-point purchase rate for the conforming or jumbo loan program corresponding to your loan. Xpress rates are subject to change without notice. 
3 APR=Annual Percentage Rate. 
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