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.

Traditional Home Refi.

Looking for a more traditional Home Refi option? Visit our Home Refi page to learn about additional refinance options.

Rapid Refi Rates

Type Term APR*
Fixed-Rate Rapid Refi | Loan to value is less than 80%
5 Years
5.74% - 7.74%
Fixed-Rate Rapid Refi | Loan to value is less than 80%
10 Years
6.49% - 8.49%
Fixed-Rate Rapid Refi | Loan to value is less than 80%
15 Years
6.99% - 9.24%

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. All loans are subject to approval. Rates, terms, and conditions are subject to change.

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 Loan Payment Example: For a $150,000 loan for a term of 15 years with a 8.24% APR, the monthly payment will be $1,453.23.

Rapid Refi Loan Benefits

Save big, close fast!

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

Helpful Resources

More tools and services to make your day a little easier.

Add Debt Protection to Your Loan


If your life takes an unexpected turn, your family’s finances can be strained. But with Member's Choice Borrower Security with Life Plus, your loan payments or balance may be canceled, up to the contract maximums, in case of involuntary unemployment, disability, or death. It’s just one more way you can look out for the people you love.

Take an important step toward financial security. Email us at loans@forteracu.com and ask about Member's Choice Borrower Security with Life Plus today.

Your purchase of Member's Choice Borrower Security with Life Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply. Please contact your loan representative or refer to the Member Agreement for a full explanation of the terms of Member's Choice Borrower Security with Life Plus. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid.
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Submit a Debt Protection Claim


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


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.

Learn About Additional Insurance Coverage With TruStage


As a Fortera Credit Union member, you have access to additional insurance protection through our partner, TruStage. They provide Life, Auto, Home, and Accidental Death Coverage. You can get up to $1,000 of Accidental Death coverage for free by visiting trustage.com and claiming your offer.

If you have questions for our team about TruStage insurance, please text us at 931.431.6800 or email us at info@forteracu.com.

How much does it cost to close a Rapid Refi loan?


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?


Yes! Additional payments are always welcome at any time.

How long does it take to close a Rapid Refi loan?


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?


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
View PDF
Rate and Fee Disclosure
View PDF

*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.