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Want to refinance your Chevron Federal Credit Union mortgage? Look no further.

Whether you are interested in a traditional refinance, a cash-out refinance, or our special Rate Refresh loan modification program, you can rest assured that you are getting the best deal.

Chevron Federal Credit Union offers competitive rates and some of the lowest fees in the industry.

Whether you want to lower your interest rate or change the terms of your loan, our mortgage team members can help you decide if a mortgage refinance is right for you.

Mortgage refinancing may help you:

  • Save money by lowering the interest rate you are currently paying
  • Get access to equity in your home and take cash out to meet other needs
  • Pay off your loan faster by changing the term of your loan — for example, changing a 30-year fixed-rate loan to a 15-year fixed-rate loan1
  • Change the terms of your loan — for example, changing an adjustable-rate mortgage (ARM) to a fixed-rate mortgage, or vice versa
  • Refinance your existing Chevron Federal Credit Union mortgage or your mortgage from another lender

Refinancing options

Traditional refinance
With a traditional refinance, you can exchange your current mortgage for a mortgage with different rates and/or terms. For example, you can apply for a mortgage with a lower interest rate, or exchange a 30-year fixed rate mortgage for a 15-year fixed rate mortgage. This can help you lower your monthly payment or pay off your mortgage faster.1

Cash-out refinance2
A cash-out refinance replaces your current mortgage with a mortgage of a larger amount in order to convert home equity into cash. You have the option to cash out up to 80% of the equity in your house.2 The dollar amount you cash out is then rolled into your existing mortgage balance. You have the option to change the term of your mortgage as well.

Rate Refresh loan modification3
If you already have your mortgage with Chevron Federal Credit Union, you may qualify for Rate Refresh. Our enhanced loan modification program is an easy and affordable way to take advantage of today’s low rates. Learn more about a Rate Refresh loan modification.

What our members are saying


Steve L.


"Credit unions really support healthy communities. Chevron Federal Credit Union is a great resource for members looking to manage their financial well-being. We were thrilled with the personal, knowledgeable service from a team that was obviously as committed as we were to making our refinance happen. They set reasonable time goals, managed the process and worked together to get us a great outcome in a time of financial uncertainty. Thank you Chevron Federal Credit Union."

Still have questions?

Our Mortgage Loan Officers are here to help you every step of the way. Please call our Home Loan Help Desk at 888-334-5120. For those outside the U.S., call 510-627-5120.

To check your pending application status, simply log in to your existing application.

For mortgage payoff requests, please click here.

Please Note: Credit bureaus are allowed to make your contact information and credit score available to other mortgage providers. If you wish to opt-out of receiving pre-screened offers, call 888-5-OPTOUT (888-567-8688) or visit

Review our Privacy Notice for when we may share your information.

Chevron Federal Credit Union reserves the right to deny any request for a loan modification.

Once processed, your mortgage balance usually stays the same. Sometimes you may be able to roll your closing costs into your balance so you don’t have to pay them up front, and that could increase your balance. Payment Example: At a 6.125% interest rate (6.385% APR), a 15-year conventional mortgage would have monthly payments of $4,661.43. These payments are based on a $548,000 loan on a $685,000 property in Alameda County, CA. If an escrow account is required or requested, your actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The values shown assume the loan is for the purchase of a single-family residence that will be used as a primary residence and that the applicant has a credit score of 740 or higher.
2 The Maximum LTV (loan-to-value ratio) for a cash-out first mortgage is 80% on a single unit principal residence and 75% on a 2–4 unit principal residence. For a second home/vacation property, the maximum LTV is 75%. For an investment property, the maximum LTV is 75% on a single unit property and 70% on a 2–4 unit property. Cash-out loans are not available for properties purchased in the prior six months unless the property was purchased with cash. If the property was listed for sale in the prior six months, the maximum LTV is limited to the lower of 70% or the maximum allowed per the above.
3 Rate Refresh program applies to existing Chevron Federal Credit Union mortgages only. The Rate Refresh fee is $750. The current Rate Refresh rate is available on our Rates webpage or by calling 888-334-5120. Exclusions include Credit Union mortgages that have not made 12 on-time payments, Credit Union mortgages that have been modified within the 12 months preceding today's date, and Credit Union mortgages that are in the process of being modified as of today's date. Mortgage modifications are limited to once every 12 months. Program terms and conditions are subject to change at any time.


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