Which bank has the lowest interest rate for refinancing

See what's possible

When you refinance, you pay off your existing mortgage with funds from a new mortgage on terms that work for you.

What you can do with a mortgage refinance:

•  Consolidate higher interest debt
•  Lower your monthly payment
•  Take cash out to remodel
•  Shorten your term and pay off your mortgage faster
•  Refinance your FHA loan into a conventional loan
•  Rate discounts for eligible Bank of the West customers. View details

Today’s Purchase Rates

Select a rate or APR to view important loan information.

*All refinances are assuming autopay, CA-South Region, FICO 740, 60% LTV

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Talk to your Home finance specialist for details.

100%

Banks can lend up to 100% of their customers' deposits. Do you know what your money is funding?

$0

$0 is the amount we finance towards Arctic drilling, tar sands mining and big tobacco.

Get answers to your questions about the home loan refinance process

• No, we encourage customers and non-customers to apply.

• It depends. Generally, it can take approximately 45 days for your loan to fund. However, please note that factors such as the type of loan product, property condition, appraisal turn time, market demand, and ability to obtain required documentation may impact these timeframes. Contact a home finance specialist for current turn times.

• Many factors are considered when a mortgage interest rate is established. Rates vary based on FICO® score, loan term, loan amount, down payment, property type, and location. Speak with one of our home finance specialists to find out the best rate we can offer you.

• Once you have completed your application for a refinance, the lender will order an appraisal to ensure that the property’s value is sufficient for the loan amount requested. A licensed appraiser will visit the property to conduct the appraisal inspection. Generally, the appraisal report is completed and received between two days to two weeks, depending on the type of appraisal, the location of the property, and market demand.

• Appraisers complete a visual inspection of the interior and exterior of the property and note any conditions that might adversely affect the property’s value, such as needed repairs. Further, they compare the home to other similar homes in the area and their recent sales prices.

• Click here to download an outline of our common mortgage fees and costs

• Our customer service team can provide a loan payoff amount. Simply call 888-915-2327 (TTY: 800-659-5495) and select “mortgage payoff” to speak with one of our team members.

• Fixed-Rate Mortgage

  • Interest rate will never change
  • Predictable monthly principal and interest payments
  • Protects you from interest rate increases over time
  • Most popular because of its stability

  Adjustable-Rate Mortgage (ARM)

  • Initial interest rate may be lower than a comparable fixed-rate loan
  • An ARM has an interest rate that is fixed for a set period, usually 5, 7 or 10 years
  • After the fixed-rate period, the interest rate adjusts based on an index (such as SOFR) and monthly payments fluctuate with the market
  • May be best if you plan to pay more on your loan early on or live in your home for a short time

• Please refer to your loan denial notice for the specific reason your application was denied. If you were denied due to credit score, this article has helpful tips on how to improve your score: Good Credit Planning. Your Home Loan Specialist will assist with information that may be helpful when you’re ready to reapply.

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