Buy Now, Refi Later

Sometimes the perfect home can’t wait.

Secure your dream home today and look toward a better rate tomorrow!

With BCU’s Buy Now, Refi Later program, you can buy your dream home at today’s rates with peace of mind, knowing you can refinance with BCU within 36 months of closing should rates drop. Plus, you’ll receive a credit of up to $1050* to cover lender fees.

Follow these steps:

#1 icon

Submit your application for a mortgage purchase and a dedicated Home Loans Expert will reach out to assist with your homebuying journey.

#2 icon

We’ll be with you every step of the way. Close by 12/31/2024 to receive your Buy Now, Refi Later Certification Letter.

#3 icon

You can refinance within 36 months (after making at least seven full payments), and we’ll cover closing costs up to $1050.

Mortgage Payment Calculator

  • Disclosure


    *Your home loan is eligible for our “Buy Now, Refi Later” program if you applied for a conventional (not government insured or guaranteed), first mortgage purchase-money home loan with BCU on or after January 25, 2024 and closed by December 31, 2024. To be eligible for a reduced fee refinance under this program, you must meet BCU’s eligibility requirements at the time of refinance, including but not limited to, the minimum loan amount, minimum credit score, debt-to-income ratio, loan-to-value ratio, satisfactory mortgage payment history, and all other applicable mortgage guidelines. This is not a commitment to lend. Members must initiate the request for a reduced-fee refinance within 36 months of the BCU purchase money loans’ note date. Requests initiated after 36 months from the BCU purchase money note date will not be honored.  To initiate the request, one borrower from the purchase money BCU loan must present a BCU Mortgage Loan Officer with their Buy Now, Refi Later Certification Letter to start their reduced-fee refinance application. This offer may only be used one time per property. The same person(s) who signed the loan documents for the original home loan must sign the refinance loan documents. BCU will cover the BCU lender administration fees not to exceed $1,050 in aggregate. BCU will not cover discount points which can be used to buy down the interest rate, funds needed to set up an escrow account, prepaid interest, state or local taxes required to refinance, and accrued interest on the current mortgage. Reduced fee refinance transactions are valid on primary residence transactions only. Second homes and investment property refinance transactions are ineligible. Rate and term refinances only. Cash-out refinances are not eligible. The BCU home loan used to purchase the property must be paid as agreed for a minimum of seven months before the reduced fee refinance may close. The refinance must result in a tangible net benefit, including but not limited to, a lower interest rate or lower monthly principal and interest payment. The LTV on the reduced-fee refinance must not exceed the LTV on the purchase transaction. The LTV will be calculated from the appraised value at the time of the refinance. If the original BCU purchase money home loan has been refinanced with another financial institution, this offer is void. This Buy Now, Refi Later offer may not be combined with any other home loan promotional mortgage offers.


Cookies allow us to give you the best website experience possible. Let us know you agree to cookies. See details.

I’m OK with that