$475 Refi Requirements
✓ Qualify for current rate
✓ Term: up to 180 months
✓ LTV: up to 80%
✓ Closing costs: $475 (additional costs if full appraisal is needed)
✓ Documentation of earnings
✓ Escrow: not available
$475 Refi
Home Refi-Program
ProFed's $475 Refi Program offers a high-value, low-cost way to refinance, built around a simple three-step process. Whether your goal is to reduce your rate, shorten your loan term, or access your home's equity, we make refinancing more affordable — and easier — from start to finish.
Whether your current mortgage is with ProFed or another lender, our easy home refinance helps homeowners:
- Reduce monthly mortgage payments
- Consolidate high-interest debt
- Finance home improvement projects
- Increase flexibility for retirement planning
Home Loan Rates
Apply Now| Loan Product | Maximum Loan to Value (LTV) | Minimum Loan | Term | Rate as low as | APR* as low as |
|---|---|---|---|---|---|
| Conventional Mortgage | Up to 100% LTV | No Minimum | 10, 15, 20, 30 Year - Fixed Rate | Click here for current rates | First-Time Homebuyer | Up to 97% LTV | No Minimum | Up to 30 years - Fixed Rate | Click here for current rates |
| USDA Loan | Up to 100% LTV, 101% with Guarantee USDA Fee | No Minimum | 30-year Fixed Term | Contact us for current rates | ARM Loan | Up to 100% LTV | No Minimum | 5/1 & 7/1 - Variable Rate | Click here for current rates | Construction Loan | Up to 95% LTV | No Minimum | Flexible Terms - Fixed Rate | Click here for current rates |
| Land Loan | Up to 75% LTV | No Minimum | 15-year Fixed | Contact us for current rates | $475 Refi | Up to 80% LTV | No Minimum | Up to 180 Months - Fixed Rate | Click here for current rates |
| Renovation Loan | Up to 97% LTV | No Minimum | Up to 30-year Fixed Rate | Contact us for current rates | |
| Home Equity Loan | Up to 80% LTV | $10,000 | 12 - 120 Months - Fixed Rate | 7.490% | 7.490%** |
| Home Equity Loan | Up to 81 - 90% LTV | $25,000 | 121 - 180 Months - Fixed Rate | 7.740% | 7.740%*** |
| Home Equity Line of Credit | Up to 80% LTV | $10,000 | 120 Months - Variable Rate | 6.750% | 6.750%**** |
Membership at ProFed is required. *The annual percentage rate (APR) listed are our best rates. Home Equity Rates were last updated on 2/11/26. Your rate may vary depending on your credit score. **Annual Percentage Rate is based on a loan amount of $10,000 and a term of 120 months. ***Annual Percentage Rate is based on a loan amount of $25,000 and a term of 180 months. ****The Rate for the Home Equity Line of Credit is based on prime (index), as published in the Wall Street Journal on the last day of the month, plus a margin. The Annual Percentage Rate is based on a $10,000 line of credit.
Refi Calculator
Use this calculator to determine if refinancing your home makes sense for you.
Calculate NowShould I Refinance My Mortgage?
On the fence about refinancing? Read this article to help you decide.
Read MoreFrequently Asked Questions
Refinancing your home with ProFed means replacing your current mortgage with a new one—often at a lower rate or better term. It’s a smart way to reduce monthly payments, pay off your home faster, or access your equity—all with minimal closing costs.
The best time to refinance is when interest rates drop, your credit score improves, or you want to shorten your loan term. Even a small rate reduction can save you thousands over the life of your loan. Are you curious if now is the right time for you to refinance your home? Then, select our refi calculator or contact ProFed’s lending team so they can help you review your goals and see if this is the right fit.
Savings vary, but many members refinance to lower monthly payments or reduce their total interest paid. Since ProFed offers low closing costs, you’ll start seeing those savings even sooner.
While credit score requirements can vary, ProFed looks at your full financial picture—not just a number. Our local mortgage experts work one-on-one with you to find a refinance option that fits your budget and goals.
Most refinances take about 30 to 45 days from start to finish. ProFed’s local processing and member-focused service mean you’ll enjoy a smooth, stress-free experience with real people guiding you every step of the way.
While other lenders often charge thousands in closing costs, ProFed keeps it simple — just $475, total. No hidden fees. No surprises.
Yes. ProFed understands that life happens. Our local lenders take time to understand your situation and explore the best refinance options available—even if your credit has a few bumps.
A cash-out refinance lets you tap into your home’s equity for things like home improvements or debt consolidation. A rate-and-term refinance helps you secure a better rate or change your loan term—without borrowing extra cash. ProFed offers both, depending on your goals.
A refinance may cause a temporary, small dip in your credit score due to a credit check and a new loan account. However, consistent, on-time payments can help your score bounce back quickly—and even improve it over time.
Getting started is simple! Apply online or connect with a local mortgage expert at your nearest ProFed branch. We’ll guide you through your options, show you how much you can save, and help you lock in a competitive rate—all with transparent costs and the personalized service you expect from your hometown team.
Ready to Strengthen Your Financial Footing?
From application to closing, we guide you every step of the way.
- Apply online in minutes
- Review your personalized options with a ProFed expert
- Close with confidence and clarity