How do I begin refinancing? 

Whether you're a Valley customer or not, and you’ve been waiting to refinance your mortgage, there’s still time—and it doesn’t have to mean switching banks. If you’re a Valley customer or your mortgage is with another bank, you can avoid unnecessary fees with Valley. Other banks may charge thousands to refinance, but with us, it’s a one-time, all-inclusive cost of $499 with no points and no other Valley fees.





As of 05/24/2021, a sample $240,000 15-year fixed rate mortgage APR is 2.655% with a monthly payment of $1,614.00. APR assumes a borrower with excellent credit, is subject to change without notice, and may be different for loan amounts above the conforming limit. The estimated monthly payment does not include taxes and insurance premiums and the actual monthly payment will be greater. $499 Refinance Program is available for single family owner-occupied homes and Valley approved condominiums with a maximum loan amount of $1,000,000 and for 2-4 family owner-occupied homes with a maximum loan amount equal to conforming loan limits. Mortgage must be in first lien position. Co-ops and investment properties are not eligible for this program. Other programs are available for other loan amounts and properties. Approved applicants will be responsible at closing for funding interim interest and an escrow account for property taxes and insurances, and if applicable, lien subordination fees from existing lenders. For NY applicants. If applicable in New York, approved applicants will also be responsible for any related mortgage assignment and/or attorney fees charged by your current lender to facilitate completion of a CEMA, the borrower’s portion of NY mortgage recording taxes and all other NY county or municipal fees. For Florida and Alabama applicants.Approved applicants are also responsible for the mortgage documentary stamp tax, the mortgage recording fee, and the intangible tax (Florida only). To participate in the $499 Refinance program and qualify for the title insurance reissue rate, you must provide a copy of your existing owners’ title insurance policy for the mortgaged property. Cannot be combined with any other offers. Customer must make automatic payments from a Valley checking account. Subject to credit approval. Additional terms and conditions apply. An Equal Opportunity Lender.


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Why refinance my mortgage with Valley?

Our trusted home lending advisors will provide you the insight
and assistance you need to complete your goals.

Reduce monthly mortgage payment   

Reduce monthly mortgage payment

Lower your monthly mortgage payments by extending your payoff date past what it currently is, so you're paying less in principle each month.


Lower your interest rate   

Lower your interest rate

Getting a mortgage with a lower interest rate might make a huge difference in your monthly budget and ability to pay off your mortgage faster.



Shorten your loan term

Refinance to a shorter loan term to pay off your mortgage faster and potentially pay less interest over the life of the loan.



Tap into your home's equity

If you're looking to take on a large home improvement project or want to consolidate your higher-interest debt, refinancing your mortgage might help. 


Find a local advisor near you

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What do I need to apply for mortgage refinancing?

  • Asset information

  • Employment and income history

  • Debt information

  • Social Security Number or other identification number