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Refinancing Your Mortgage: When and Why It Makes Sense

REFINANCING

If your mortgage is with another lender, you may be paying more than you need to. Refinancing your mortgage could lower your monthly payments.

Looking for a way to cut down expenses? Refinancing with NASA Federal can help you secure a lower rate, reduce your monthly payment, and unlock better loan options designed with members in mind. Whether your goal is saving money, accessing your home’s equity, or gaining more stable terms, our specialists are here to guide you every step of the way.

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Why Refinance With NASA Federal?

Lower Your Monthly Payment

If you financed your home years ago or with another institution, your interest rate may be significantly higher than what you qualify for today. Even a small rate reduction can lead to meaningful monthly savings and thousands saved over the life of your loan.

Competitive Rates

NASA Federal offers affordable refinance solutions (including fixed-rate, jumbo, FHA, and VA options) with competitive member‑focused pricing.

$0 PMI 

Other lenders may still be charging you private mortgage insurance (PMI). We offer $0 PMI* on our refinance, which can lower your payment even more.

Cash-Out Option Up to 95% of Your Home’s Value*

Use your home's equity for renovations, debt consolidation, education costs, or major purchases.

Personalized, One-on-One Guidance

You’re not just another loan number. Our mortgage specialists review your current mortgage, goals, and budget to present your best available refinance options.

Is Refinancing Right for You?

You may be a great fit if:

  • You originally financed when rates were higher
  • Your credit score has improved since you purchased your home
  • You want to switch from an ARM to a fixed-rate mortgage
  • You’re still paying PMI
  • You want to pay off your home faster with a shorter term
  • You want to use your equity through a cash‑out refinance for renovations or debt consolidation
     

Get Started

Let's talk about refinancing

Have questions? Complete and submit the form below or call 301-249-1800 or 1-888-NASA-FCU today and a NASA Federal Mortgage Specialist will be happy to review your mortgage loan refinancing options with you.

*Membership and eligibility required. Special loan programs offered to well-qualified applicants. Some restrictions may apply. Offers valid for primary residences only. Special Loan Programs are limited time offers and can end at any time without advance notice. Zero Down Programs for new primary residence purchases or up to 95% on refinances in the following designated areas only: AL, CO, CT, DC, DE, FL, GA, MA, MD, ME, MN, NC, NH, OR, PA, RI, TX (new purchases only), VA, VT, WA & WV. Other home loan programs available nationally (except AK, HI, and NJ). Speak with a NASA Federal First Mortgage Loan Specialist for loan details and rates.
APR=Annual Percentage Rate.
 
Payment Example: A $250,000 30-year fixed rate with zero points and an interest rate of 6.125% (6.253% APR) would have a monthly principal and interest payment equal to $1,519.03. The monthly payment shown does not include PMI, taxes, insurance or other applicable escrows. The actual payment obligation will be greater when these are applied.
  1. Personal Banking
  2. Mortgages & Equity
  3. Mortgages
  4. Features
  5. Refinancing
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