Last Updated: 04/18/2025
Fortera Credit Union Rapid Refi Loan
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Credit Score Range
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Loan Term (Years)
5 - 15
Fortera Credit Union Rapid Refi Loan Review
Fortera Credit Union Rapid Refi Loan is offered by Fortera Credit Union (NMLS #446858), a credit union founded in 1954 and based in Clarksville, TN. Fortera Credit Union Rapid Refi Loan are available in 50 states and Washington, DC.
Key Takeaways
- No-closing-cost mortgages available. This option allows you to include the closing costs into the new loan, so you don't pay for these expenses upfront.
- Origination fees starting at $299.00.Origination fees are deducted from the loan amount, so take it into account when deciding how much you need to borrow.
- Specializes in single-family homes. Only offers mortgages for single-family homes, but not for multi-family properties or manufactured homes.
- Standard interest rates types. Fortera Credit Union Rapid Refi Loan only offers fixed-rate mortgages.
- Only primary residences considered. Fortera Credit Union Rapid Refi Loan does not refinance vacation or investment properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Fortera Credit Union Rapid Refi Loan Pros & Cons
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Fortera Credit Union Rapid Refi Loan FAQ
What is the maximum loan term for a mortgage refinance via Fortera Credit Union Rapid Refi Loan?
The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Fortera Credit Union Rapid Refi Loan offers mortgage refinancing with terms ranging from 5 to 15 years.
How long does Fortera Credit Union Rapid Refi Loan take to refinance?
Fortera Credit Union Rapid Refi Loan does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.Does Fortera Credit Union Rapid Refi Loan charge a mortgage origination fee?
Yes, Fortera Credit Union Rapid Refi Loan will charge a loan origination fee of $299.00
What property usage types does Fortera Credit Union Rapid Refi Loan allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Fortera Credit Union Rapid Refi Loan allows the following property usage types:
- Primary home
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 12:00PM