TVFCU Logo

Why Refinance With TVFCU?

Card Image

Competitive Rates

Card Image

Fixed- or Adjustable-Rate Mortgages

Card Image

Local Underwriting and Processing

Card Image

Terms Tailored to Your Needs

Competitive Rates

Fixed- or Adjustable-Rate Mortgages

Local Underwriting and Processing

Terms Tailored to Your Needs

Exclusive Offer

We’ll Pay for Your Appraisal!

To enhance your refinancing benefits, TVFCU covers the entire cost of your home appraisal fee, resulting in savings of over $600. This offer is applicable under the following conditions:​

  • Purchase transaction resulting in new money to TVFCU in the amount of $25,000 or greater.
  • Refinance of a mortgage with another institution, resulting in new money to TVFCU in the amount of $25,000 or greater.
  • Refinance of an existing TVFCU mortgage, resulting in new money to TVFCU in the amount of $25,000 or greater.
  • Offer valid as of January 1, 2025, subject to change. Some exclusions apply. Offer valid on portfolio loans only.
Apply NowSee Rates

Know Before You Refinance

Understand Why You’re Refinancing

Refinancing your mortgage can be a great move. Here are some possible benefits:

  • Lowering your interest rate
  • Reducing your monthly payment
  • Switching from an ARM (adjustable-rate mortgage) to a fixed-rate
  • Shortening your loan term (e.g., 30 to 15 years)
  • Tapping into home equity (cash-out refinance)
  • Removing mortgage insurance (PMI)
Apply NowSee Rates

How to Get Started

Your Loan Is Just Clicks Away

We make it easy.

Apply Now

Frequently Asked Questions

Mortgage refinancing is the process of replacing your existing home loan with a new one, often to secure a lower interest rate, reduce monthly payments, change your loan term, or switch from an adjustable-rate to a fixed-rate mortgage.

Refinancing can help you:

  • Lower your interest rate and monthly payments
  • Pay off your mortgage faster with a shorter term
  • Tap into home equity with a cash-out refinance
  • Switch from an adjustable-rate to a fixed-rate loan for more stability

You may benefit from refinancing if:

  • Interest rates have dropped since you got your mortgage
  • Your credit score has improved
  • You want to reduce your loan term
  • You need funds for major expenses like home renovations or education

A mortgage loan originator at TVFCU can help you review your options.

Refinancing typically includes closing costs such as:

  • Origination fees
  • Appraisal fees
  • Title insurance and search
  • Prepaid interest or escrow adjustments
  • Other third-party fees such as credit report, flood certification, etc.

These costs vary, but our team will provide a clear estimate upfront.

The refinance process typically takes 30 days from application to closing, depending on your specific situation.

Yes, you may still qualify through certain programs. Options like FHA Streamline or VA Interest Rate Reduction Refinance Loans (IRRRL) may be available depending on your existing mortgage type.

Refinancing may cause a temporary dip in your credit score due to the hard inquiry and opening a new loan account. However, if managed well, it can improve your credit over time.

Common documents include:

  • Recent pay stubs and W-2s
  • Tax returns (past 2 years)
  • Bank statements
  • Information on your current mortgage
  • Evidence of homeowners insurance

Our mortgage team will provide a personalized checklist.

Yes, TVFCU offers refinancing options for investment and rental properties. Terms and rates may differ from owner-occupied properties.

You can:

  • Apply online through our secure portal
  • Call a mortgage loan officer for a consultation at 423-634-3600
  • Video Chat from anywhere with tvfcuLIVE Stream

Personal Banking Solutions

CREDIT CARDS

Start Spending Smarter

Get convenient and flexible spending power, packed with benefits.

Learn More

SAVINGS

Achieve Your Goals Sooner

Five account options – plus one powerful app to manage it all.

Learn More

PERSONAL LOANS

Flexible Financing For Every Need

New car? Vacation? Surprise expense? We’ve got you covered.

Learn More
Close Form

Online Banking Login

Video Banking