Why Refinance Your Mortgage with Webster First?
Choose between an adjustable-rate mortgage (for lower initial monthly payments) or a fixed-rate mortgage (for consistent payments you can count on).
Opt for shorter terms to save on interest payments or extend your term to lower monthly payments.
Need funds for home improvements or to consolidate high-interest debt? Access the equity in your home, subject to underwriter guidelines.
We’re local, trusted, and member-focused — ensuring you receive personalized service every step of the way.
What to Expect After You Apply
Expert guidance
Your Mortgage Loan Officer will help you gather the necessary documentation, take care of disclosures, and outline next steps.
Underwriter review
Our team looks at your credit and financial information closely to decide if you qualify.
Processing and appraisal
Once you're conditionally approved, we'll take care of the appraisal and finish collecting and ordering any remaining documents for your file.
Close with confidence
Our in-house team, WebFirst Mortgage LLC, will lead you through the final steps. Congratulations, you're officially a homeowner!
Current Mortgage Rates
| Type | Rate | APR1,4 | EMP3 (per $1,000) |
|---|---|---|---|
| Adjustable Rate Mortgages12 | |||
| 5&1 Fixed Variable12 | 5.875% | 5.978% | $5.92 |
| 7&1 Fixed Variable12 | 6.000% | 6.104% | $6.00 |
| 7&3 Fixed Variable12 | 6.125% | 6.230% | $6.08 |
| 10&5 Fixed Variable12 | 6.250% | 6.357% | $6.16 |
| Convertible 1 Yr Adjustable12 | 5.375% | 5.473% | $5.60 |
| 1 Year Adjustable12 | 5.375% | 5.473% | $5.60 |
| 3 Year Adjustable12 | 5.625% | 5.725% | $5.76 |
| 7&1 Variable 40 Year12 | 6.250% | 6.341% | $5.68 |
| Land Loan11,12 | 5.375% | 5.598% | $10.79 |
| Fixed Rate Mortgages | |||
| 15 Year | 6.125% | 6.301% | $8.51 |
| 20 Year | 6.750% | 6.897% | $7.60 |
| 30 Year | 6.875% | 6.988% | $6.57 |
| 40 Year | 7.250% | 7.352% | $6.40 |
| First Time Homebuyers | 6.750% | 6.822% | $6.49 |
4:All mortgage APRs are for 1-4 unit owner occupied primary residences based on 20% down payment. APRs may vary with lesser down payment. All mortgages with a loan to value of 80% and over require Prime Mortgage Insurance (PMI). Rates subject to change without prior notice. Zero points on all mortgages. Guidelines available upon request.
3:EMP = Estimated Monthly Payment.
11:Land loans 1-10 years, 25% downpayment
12:ARM loans are variable rate loans, interest rates and payments may increase after consummation. Rates and payments will remain the same for the first 5, 7, or 10 years and then can adjust to a new rate and payment every 1, 3 or 5 years based on a current index, depending on the ARM program you choose. For example, if you select the 5 & 1 Fixed Variable program your rate and principal & interest payment will be fixed for the first 5 years (the 5 in 5& 1), after that the interest rate and payment could change every 1 year for the remainder of the mortgage’s term (the 1 in the 5 & 1).
Apply for a Mortgage Refinance Today
Take control of your mortgage with Webster First Federal Credit Union. From reducing your payments to accessing equity, we’re here to help you make the most of your home.
Mortgage Refinance Calculator
Cash Out Refinance Calculator
Use our Cash Out Refinance calculator to determine your new monthly payment after refinancing your mortgage with a cash withdrawal from your current equity.
CalculateMortgage Refinance Calculator
Use our Mortgage refinance calculator to find out how much you could reduce your monthly payment, the amount of interest you pay over time, or both.
CalculateAward-winning service
2025: Newsweek Best Regional Banks and Credit Unions
2024 Winner: Best of Central Mass
2024: Newsweek Best Regional Banks and Credit Unions
2023 Winner: Best of Central Mass
2023 Top Lender: Banker & Tradesman
Rated 5 Stars by Bauer
2022 Top Lender: Banker & Tradesman