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Take advantage of low rates

Refinance your existing mortgage with the bank that doesn't sell your loans to Wall Street or Fannie Mae.

Refinance Made Simple

Want to lower your monthly mortgage payment, pay off your mortgage faster or pull cash out for that remodeling project? Apply to refinance online, where you can securely upload your documents and receive status updates in our secure portal. Our experienced loan officers guide you through every step of the process. If you’re already a WaFd home loan client, be sure to ask us about minimal or zero closing costs refinance and modification options. Remember, we will be here to help you long after you close your loan with WaFd Bank.

See Today's Rates

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Refinance Loan Calculator

Payments quoted may include estimates of taxes & insurance, so actual payments may be higher.
Loans are subject to credit approval. Restrictions and limitations may apply.
APR (Annual Percentage Rate) is based on loan amount and interest rate.
0.768333% tax rate used in estimate.
Rates for owner occupied homes only.
This calculator is for educational purposes only, and may not represent WaFd Bank's lending program requirements.
Ask us about additional available loan programs.
Restrictions may apply on cash out refinance loans.

Payments quoted may include estimates of taxes & insurance, so actual payments may be higher.
Loans are subject to credit approval. Restrictions and limitations may apply.
APR (Annual Percentage Rate) is based on loan amount and interest rate.
0.77% tax rate used in estimate.

Rates for owner occupied homes only.
This calculator is for educational purposes only, and may not represent WaFd Bank’s lending program requirements.
Ask us about additional available loan programs.
Restrictions may apply on cash out refinance loans.

*Cash refinances are subject to conditions.

Other WaFd Calculators

Other WaFd Calculators

HELOC

Lot Loan

Mortgage

Remodeling

Construction

Benefits of working with WaFd Bank

We keep your loan! We don't sell it to Wall Street or Fannie Mae.

We have competitive mortgage rates and will be with you every step.

You can quickly and securely apply online in minutes.

We keep your loan! We don't sell it to Wall Street or Fannie Mae.

We have competitive mortgage rates and will be with you every step.

You can quickly and securely apply online in minutes.

Your neighborhood loan officer can help you get started

Find a Loan Officer

WaFd Bank Home Lending Articles

4 Factors to Consider Before You Refinance

Is it time to refinance my home? How to know if it’s right for you.

Should I refinance when interest rates are going up?

4 Factors to Consider Before You Refinance

Is it time to refinance my home? How to know if it’s right for you.

Should I refinance when interest rates are going up?

Save Up to $600 on Closing Costs With a Checking Account From WaFd Bank*

Find out how!

The Refinance Roadmap

Application

Apply to reduce your monthly payments or get cash out from your lender.

Find a Loan Officer

Processing

Get initial approval of credit, income and assets, and determine home value to support your loan application.

Underwriting

Your lender will submit your final documentation to the underwriter for final approval. The underwriter follows the 3 C’s:

Credit

Credit History

Capacity

Cash Flow / Income
Cash & Liquid Assets

Collateral

Type of Property & Occupancy
Loan to Value

Closing

Complete the final approval steps from your mortgage lender.

Frequently Asked Questions

See more FAQs

When should you refinance?

Conventional wisdom said that you should consider refinancing if you can drop your interest rate by about 20%. But be sure to look at what you owe before you refinance and compare it to your loan balance after refinancing. If you’re adding thousands to your mortgage balance, you may be negating any savings you would realize from a lower interest rate.

When will I begin to save money from a refinance?

To calculate when your finance will actually begin to save you money, take the total cost of your refinance and divide it by your monthly savings after you refinance. This will tell you how many months it will take to pay off the refinance. You will need to live in the property longer than the number of months it takes to payoff to actually realize any savings.

Can I invest my refinancing savings?

Mortgage refinancing can save you tens of thousands of dollars. If you're not strapped for cash, be sure to have a plan in place for the money you save from refinancing.

Will you invest in your child's education?
Do you plan to prepay your mortgage so you can pay off your loan early?
Are you going to add your monthly savings into a 401(K) or another retirement savings account?

Be sure to run some financial calculations to see just how much you can save, and have a plan in place for your savings to get the most out of your mortgage refinance.

Want more help? Come See Us

If you've done all your research but aren't sure whether refinancing makes sense, just stop by. We’re nearby, and we’ll sit down with you and answer any questions you may have.

Arizona, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington

* To qualify for the maximum $600 discount, before closing documents are prepared you must (1) have or open the WaFd checking account, (2) register for EZ-Pay from the new checking account, and (3) sign up for direct deposit of at least one form of a monthly recurring source of income.