Refinance with Capitol Federal®

Do you already have a home loan, and would like to refinance?

Refinancing involves updating the terms of your existing mortgage loan. As interest rates and market conditions fluctuate, it's beneficial to review your mortgage periodically to ensure you're getting the best terms. While many borrowers refinance to secure lower interest rates, there are other reasons you might consider this option.

Refinancing the original terms of your mortgage can potentially:

• Lower Your Monthly Payment: Reduce your monthly payment and create more room in your budget for other financial priorities.
  
• Get a Lower Interest Rate: Take advantage of a lower interest rate environment.
  
• Reduce Your Loan Term: Pay off your mortgage faster and save on interest.
• Consolidate Your Debt: Simplify your finances by combining high-interest debts into a single, manageable monthly payment.
• Remove or Reduce Private Mortgage insurance: Refinancing can help eliminate PMI and lower your overall housing costs.
  
• Access Cash for Major Expenses: Use refinancing to fund home improvements, consolidate debt, pay for college, or make large purchases.
• Switch from an Adjustable Rate Mortgage (ARM) to a Fixed Rate Mortgage: Enjoy predictable monthly payments with a fixed rate.

Why Choose Capitol Federal® for Your Refinance?

The Capitol Federal Lending Team is dedicated to helping you determine if refinancing is right for you. Our experienced loan professionals offer:

• Competitive Rates: Benefit from our attractive interest rates and rate lock options.
• Expert Guidance: Leverage over 130 years of trusted lending experience.
• Easy Online Application: Apply online by creating an account and completing the application process.

Refinance Online Today You will need to create an account first and then complete the application.

To apply online you'll need to have the following information on hand:

• Bank statements (all pages) for the most recent two months
• IRS Form W-2 for the most recent two years
• Name and contact information for homeowner's insurance agent
• Name and contact information for Landlord (if applicable)
• Pay stubs covering the most recent 30-day period
• Year-end pay stubs for the last two years to verify bonus, overtime and/or commission income (if applicable)
• Most recent Pension, Retirement, Social Security or Disability Award Statement (if applicable)
• Most recent statement for all mortgage accounts
• Two months account statements (all pages) for investment/retirement accounts

For Borrowers with Self-Employed Income (Ownership interest of 25% or more in a business):

• Previous two years’ Federal Tax returns, including all schedules 
• W-2s and 1099s
• Year-to-date profit/loss statement (signed and dated)
• Previous two years’ corporate/partnership returns, including K-1s

For Borrowers with Rental Properties:

• Previous two years’ Federal Tax Returns 
• Lease agreement and the estimated property value for each property owned
• Monthly mortgage statement for each property owned

We may require more documents, depending on your circumstances, but this is a good start to complete the online portion.