Refinance and Save
Refinancing your mortgage could help you lower your monthly payment, consolidate higher-interest debt, or create more room in your budget. We’ll guide you through your options and help you find what works best for your situation.
Featured Refinance Options
40-Year Fixed-Rate Mortgage
Make your mortgage more manageable with lower monthly payments and the stability of a fixed rate.
- Refinance your primary residence
- Enjoy added payment flexibility with a longer term
- Community Heroes can receive an additional 0.25% discount off the approved loan rate.1
Cash-Out Mortgage Refinance
Get a brand-new loan to replace your old one while also withdrawing part of your home equity at closing.
- Home equity paid out to you as cash in a lump sum
- Use the money as you see fit
Current Refinance Rates
40-Year Fixed
5.875%
30-Year Fixed
5.875%
15-Year Fixed
5.375%
Meet Our Mortgage Specialist
Jay Ramsey
Licensed Mortgage Loan Originator
NMLS#71727
267-964-8367 | jramsey@suneast.org
Jay has over 30 years of mortgage banking experience providing financing for the purchase of or refinancing of residential real estate. He focuses on educating members on the home-buying process and finding the best loan program to suit your needs. Jay works with Conventional, FHA, VA, USDA, and State mortgage programs. Let him know how he can put his experience to work for you!
What Could I Save By Refinancing?
Learn About Sun East Mortgage Refinancing Options
Sun East offers many different home refinancing options.
Fixed Rate Mortgage
Your principal and interest payment will never increase since your rate won’t change for the life of your loan.
Adjustable-Rate Mortgage (ARM)
Adjustable-Rate Mortgages (ARMs) have interest rates that change at a pre-determined frequency.
Community Heroes Mortgage
The Community Heroes program offers eligible Health and Wellness, Public Safety, and Public Education workers a discount off their approved mortgage rate for a conventional loan.
Medical Professional Mortgage
For qualifying medical professionals. Medical Professional Mortgages have high loan limits and these no-money-down mortgage solutions don’t require Private Mortgage Insurance (PMI).
FHA Mortgage
This is a great alternative for those who need flexibility in credit, income, and equity/down payment requirements.
VA Mortgage
For veterans, active military, and their families, this program offers lower interest rates with higher loan limits.
Frequently Asked Questions About Refinancing
1Conditions
Private Mortgage Insurance (PMI) is required for loans with an LTV exceeding 80%, and a maximum debt-to-income (DTI) ratio of 50% is permitted. Eligible properties are limited to single-family residences or one-unit condos used as primary residences; investment properties, second homes, manufactured homes, and duplexes are not eligible. When all buyers are first-time homebuyers, at least one occupying homeowner must complete homeowner education through a Housing and Urban Development (HUD)-approved agency. Grants are not permitted, and escrow is required for property taxes and homeowners insurance. Applicants must be U.S. citizens or permanent resident aliens, meet membership eligibility requirements, and provide a full Federal National Mortgage Association (FNMA) 1004 appraisal.
Disclaimer
The rates above reflect the best par rates available today. Not everyone that applies will qualify for the rates shown above. Rates shown above are based on an applicant FICO score of at least 780 for an owner-occupied home purchase, with a loan amount of $200,000 and a loan-to-value ratio of no more than 60%. All loans are subject to individual credit approval, subject to change without notice. Please note that the posted rates are for Rate Locks that do not exceed 60 days. Pre-qualification is not a commitment to lend.
Sun East Federal Credit Union partners with First Heritage Realty Alliance in order to extend real estate services to our membership consistent with the attention and quality that we provide for all of our members. While Sun East has an ownership interest in First Heritage Realty Alliance and First Heritage Financial, LLC, Sun East is NOT a real estate company. First Heritage Realty Alliance is the real estate company that we trust for all of our members.
Please note, our partnership with First Heritage Realty Alliance is for the convenience of our members, but is not required. Our members are free to utilize, and we are happy to work with, any real estate company of our members’ choosing.
Sun East Federal Credit Union, NMLS#433893, and First Heritage Financial, LLC, NMLS#506371, are equal opportunity lenders. Rates are subject to change daily based on market conditions and creditworthiness. Offer not valid on existing Sun East loans and is subject to end without notice; other terms and conditions may apply. For more information, visit https://suneastfcu.mymortgageapps.org/suneast or call 1-877-5-SUNEAST x765.
Third party linked websites are not under the control of Sun East Federal Credit Union. We are not responsible for their content. Third party website privacy and security policies may differ from ours. If you choose to engage in a transaction with a third party, please note that we do not represent either you or the third party in that transaction.