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Rapid Refinance

Rapid Refinance Loans

Yes! You can refinance your home with Texell with no closing costs!¹

Our Rapid Refinance Loan is designed to simplify and reduce both the time and paperwork required for refinancing your home with limited to zero closing costs.

Benefits of a Rapid Refinance Mortgage Loan:

No closing costs: No closing costs for existing members¹
Flexible terms: Loan terms of 5, 10, and 20 years
Incredible rates: Rates as low as 6.88% APR²
Escrow requirement: None!
Lower credit score requirement: 660 minimum
Loan-to-value: 80% maximum required

Ready to Get Started?

Apply Online	Call or Text	Make an Appointment
Use our best-in-class online application to start your Mortgage Loan. APPLY IN MINUTES	Talk or text with a Home Loan expert Monday – Friday 9 a.m. – 6 p.m. Call or text 254.773.1604	Get a personalized consultation at one of our branches. SCHEDULE an APPOINTMENT

Rapid Refinance³	Rate	APR² as low as	Points	Lender Fee
10-Year Fixed	6.88%	6.88%	0%	0.00%
15-Year Fixed	6.50%	6.50%	0%	0.00%
20-Year Fixed	7.38%	7.38%	0.194%	0.00%

¹ No closing costs for existing members and a $300 processing fee for new members.

² APR = Annual Percentage Rate. Rates effective 11/18/2024

³Existing mortgages, including those serviced through MidWest Mortgage, are not eligible for refinancing.

Rates are subject to change without notice and may vary depending upon credit history, loan programs, and loan terms. Rates are quoted on a 30-day lock option. For additional rates or program availability, please contact the Mortgage Department at 254.774.5104 or apply online. For complete details about payments, rates, and fees, please visit our rates page or contact Texell.

Frequently Asked Questions:

Are there really no closing costs for this loan?

In most cases, yes! Members can refinance their mortgage from another lender with zero closing costs. There is a low $300 processing fee for new members.

How long does the Rapid Refinance process take?

In most cases, you can complete your Rapid Refinance loan in 30 days or less. Contact our Texell Home Loans experts for more information.

Will my Rapid Refinance loan be sold?

No, Texell does not sell any Rapid Refinance Loans. Your loan will remain at Texell for the entire term of the loan.

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Why and When to Refinance your Home

When mortgage rates are low, refinancing may save you thousands in interest. There are good reasons to refinance, but also situations when you should not.

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How to Refinance Your Home

There are several reasons to refinance your home, and most involve saving money. If you’re considering a refinance, here are five steps for a smooth process.

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