Rapid Refi Loan

Ready. Set. Close.

One of our fastest and most popular products. Scroll to see terms and conditions.

Rapid Refi 101

Our Rapid Refi loan is a home equity loan that can help you save on interest and closing costs while building equity more quickly — in only 30 days* or less.

Save big in little time.

Refinance your existing mortgage to save time and money for spending on what matters most. With our Rapid Refi loan, we’ll close in 30 days or the $299 in closing costs are on us. Available to members living in Tennessee and Kentucky with the choice of a 5, 10, or 15-year term option.

Once we have your application and info, we’ll start the clock* and get you locked into your new, low fixed-rate in next-to-no time. Saving on interest is big. But saving days in the process is truly priceless.

*30-day closing guarantee is available on all Rapid Refi loan products. Guarantee is not a loan approval guarantee. Eligibility will be will be confirmed once your loan is completely underwritten and a final approval letter is issued. Closing guarantee is 30 days from final approval. Rapid Refi loan products have 5, 10, and 15-year term options. Rates range from 2.49% APR** to 6.24% APR. APR will not be raised after credit is extended. There is no down payment requirement unless loan amount exceeds home value. Sample monthly payment for principal and interest based on $20,000.00 balance with a 60-month, fixed rate of 2.24% APR would be $352.11 for 60 payments. Loan payment example does not include taxes or insurance premiums. Loans that do not qualify for this product will be subject to standard loan fees and charges according to the loan product type and borrower creditworthiness. This program may change or end at any time. **APR – Annual Percentage Rate. The Annual Percentage Rate (APR) you receive will be based on creditworthiness, loan to value amount, and loan term. Not all members will qualify for the best or lowest rate.

Rapid Refi Rates

Type Term APR*
Type:
Fixed-Rate Rapid Refi
Term:
5 Years
APR*:
2.49% to 4.99%
Type:
Fixed-Rate Rapid Refi
Term:
10 Years
APR*:
2.99% to 5.49%
Type:
Fixed-Rate Rapid Refi
Term:
15 Years
APR*:
3.49% to 6.24%

The Annual Percentage Rate (APR) you receive will be based on creditworthiness, loan to value amount, and loan term. Not all members will qualify for the best or lowest rate.

Auto-pay Advantage: A discount of 0.25% will be deducted from the above stated annual percentage rates when the payment is received automatically from a Fortera draft account. This discount is only available on new loan transactions with an effective date on or after the date of this addendum. The annual percentage rate will default back to the normal rate in the event the payment status or draft account status changes.

Rapid Refi Features

Pay (and stress) less

Low fixed rates are here to put you at ease.

Save priceless time

Once you’ve submitted all of your application information, we strive to always close your loan in 30 days or less. *30 Day Closing Cost Information

Close for less

Our closing costs are set at only $299. Plus, if we go beyond our 30-day Rapid Refi deadline, closing costs are on us.

Pay on your terms

Choose the loan term that works best for you — we keep it flexible with 5, 10, and 15-year term options available.

Always in your pocket

On the couch or on the go, keep your money close with our Mobile App and Online Banking.

Where you go, we go

Credit Unions around the world work together to make sure our members can use branches and ATMs everywhere — surcharge-free. Nice, right? Download our CO-OP app and plot your next getaway.

Goal setting made simple

Our skilled experts are easy to reach and happy to help. For members and non-members alike, meetings and consultations are always free, so make the most of your money, on us.

Rest easy

With us, your money is always protected and insured by the National Credit Union Administration. You’re covered on all deposits up to $250,000, so save away.

No Application Fee

That's just how we roll!

Get by with a little help

Or even a lot. Either way, we’re here. Call, text, or chat with our experts anytime you need a friend who knows all things Fortera.

More is merrier

Extra payments on loans are accepted anytime.

Save yourself

Choosing to make automatic payments could save you some cash, and so could the equity on your home.

Save big, close fast!

Save big on interest and build up your equity in next-to-no time flat — starting today.

Member Resources

Show me the quick links! These are the things we always seem to need and can never seem to find.
Credit Life, Disability, and Unemployment Protection
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Ensure that you and your loved ones are financially secure even if unplanned accidents happen. Add MEMBER'S CHOICE payment protection on your loan. The protection steps in when your family needs help making your loan payment should you become disabled due to a covered illness or injury, become unemployed, or pass away before paying off your loan.

Sorry to bring the mood down, but we've got to talk safety first. If you have a question or would like to add MEMBER'S CHOICE to your loan, email us and we will be happy to help.

Submit a Payment Protection Claim
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Need to submit a claim? No problem, we've got you covered. You can submit a claim at myclaim.cunamutual.com. If you have any questions, please text us at 931.431.6800 or email us at info@forteracu.com and we will be happy to help.

Document Checklist for A Rapid Refi Loan
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To verify your identity, we always ask that you come prepared with a government-issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. If you have a question about whether or not an ID can be used, just text us at 931.431.6800.

In addition to identification, you will also need to bring:

  • A copy of your homeowner's insurance (the declaration page)
  • Your income verification
  • A 10-day mortgage payoff quote

If you have any questions about this list, feel free to email us at loans@forteracu.com and we will be happy to help.

FAQs

You've got the Q's, we've got the A's.

If you have additional questions that you don't see here or would like to apply over the phone, just give us a call at 931.431.6800.

What type of loan is the Rapid Refi?
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The Rapid Refi is a fixed-rate personal loan designed for members who already have a mortgage and are looking to refinance quickly.

How much does it cost to close a Rapid Refi loan?
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We keep costs low and easy over here. It only costs $299 to close a Rapid Refi loan.

Can I make additional payments on my Rapid Refi loan?
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Yes! Additional payments are always welcome at any time.

What term lengths are available with a Rapid Refi loan?
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Members can choose between a 5, 10, and 15-year term length. We like to keep it flexible over here.

How long does it take to close a Rapid Refi loan?
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After a member has submitted all necessary paperwork to complete the loan, we strive to close these loans in under 30 days. If we cannot close the loan in under 30 days, then the closing costs ($299) are on us.

Can I save money by making automatic payments on my Rapid Refi loan?
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Yes! Just let your loan advisor know that you are setting up automatic payments and they will tell you how much you can save.

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Nitty, gritty, and super important.

Fine print is your friend. When you have a minute, give these a good read:
30 Day Closing Cost Information
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Member Service Agreement
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Member Privacy Policy
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