decorative colored dots

Refinance To Reduce Your Mortgage Payments2

Depending on your current loan and homeowner goals, refinancing your mortgage may be an excellent money management opportunity.  Let our mortgage team, with over 430 years of combined expertise, see if we can help you:

  • Lower your interest rate and reduce your monthly payments 1

  • Pay off your mortgage faster

  • Save hundreds, if not, thousands, in interest over the life of your loans

  • Take cash out of your home for home improvements or other household needs

  • Convert an adjustable rate to a more predictable fixed-rate mortgage

Speak to a specialist

Today's Rates

decorative colored dots

Mortgage Refinance Check-up

Get a no-obligation checkup for your mortgage from NIHFCU’s home loan experts. It’s quick and easy, and it may help you on your way to saving big money on your monthly payment.

decorative colored dots

Fixed-Rate Mortgages

A great option for those planning to stay in their home for a long period, and those who desire predictability and budget stability.

  • Maintain the same great rate and monthly payment over the life of the loan 1

  • Choose from terms of 10, 15, 20, or 30-years

  • Loan amounts up to $3,000,000

Featured Fixed-Rate Mortgages

  • HomeReady mortgage: a 30-year loan with as little as 3% down. Gifts and cash on hand can be used for a down payment and closing costs.

  • Jumbo Loan: 20-30 year loan for owner-occupied residences

Speak to a Specialist
Home on top of
decorative colored dots

Adjustable-Rate Mortgages (ARMs)

A great option for those who plan on moving before the initial fixed-rate period re-sets or comfortable with future payment adjustments

  • A lower initial rate and payment compared to a fixed-rate mortgage 1

  • Starts with an initial 3,5,7,10, or 15 year fixed-rate term before rate adjusts

  • A range of creative adjustable options of 1,5,15 years available to meet your goals after the fixed period

  • Loan amounts up to $1,500,000

  • No Private Mortgage Insurance (PMI) required where the loan-to-value (LTV) is over 80%, on select ARMs

Speak to a Specialist
ARM written on paper.
decorative colored dots


Click the button below and then click “Calculators” to get started.

decorative colored dots

Frequently Asked Questions

Get answers to many of your home loan questions all in one place. Select from questions about “Your Property”, “Loans, Rates & Fees”, “Your Application”, “Closing & Beyond”, or access our Glossary of home loan terms.

Rates, fees and terms as of June 18, 2024 and subject to change without notice

Financial wellness begins and ends with the facts. Here’s what you need to know!
Most approved applications are ready to close within 30 days if the borrower and third parties provide the required information to NIHFCU promptly.
1 Click on advertised rates within “Today’s Rates” for complete details
2 Currently financing 1st mortgages in Delaware, Maryland, North Carolina, Pennsylvania, Virginia, Washington, DC, West Virginia.
APR = Annual Percentage Rate. Subject to change without notice and for new mortgage purchase applications only. Other restrictions may apply. Payment example: A 30-year fixed rate mortgage of $485,000 loan amount and sales price of $500,000, 3% down payment at 6.625% rate and 7.173% APR with 0.125% points and 1.000% origination fee, will have a fixed monthly principal and interest payment of $3,327.80, plus escrow payment for property taxes and homeowners’ insurance. Interest rate may vary, based on the applicant’s credit score, property type, occupancy and other factors. Contact an NIHFCU loan officer for details.
Home Mortgage Disclosure Act Notice: The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. These data are available online at the Consumer Financial Protection Bureau’s Web site. HMDA data for many other financial institutions are also available at this Web site.