HarmonyLoan™

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HarmonyLoan Benefits

Lower Your Interest Rate

Easily lower your interest rate, without the hassle of refinancing your mortgage!

Rate Reduce every 120 Days!

This is more than a one and done feature! You can reduce your rate every 120 days as long as the rate will drop by at least 0.25%

Fixed and Adjustable-Rate Mortgages

This feature is available for the entire term of your fixed-rate mortgage or during the initial fixed-rate period of your ARM.

No Closing Costs

With the HarmonyLoan feature, there’s no refinancing, which means no new closing costs or points!

Tell me more…

The HarmonyLoan™ is a mortgage product that gives greater economic security by providing member-initiated interest rate changes at the “click” of a button!

  • For new Mortgages, members must wait 6 months after closing before the first opportunity to reduce their rate.
  • For already established Mortgages, the loan must be current with no late payments over the last 12 months
  • Members can lower their rate as often as ever 120 days
  • To lower the rate, the new rate must be at least a 0.25% reduction
  • With a fixed-rate mortgage, a member can lower their rate throughout the term of the loan
  • After the rate reduction, the remaining loan term stays the same
  • No refinancing, no new closing costs or points, no appraisal’s, no underwriting, no credit check, and no new paperwork
  • If a member has an ARM, the feature can only be used during the initial fixed rate period
  • When the feature is used on an ARM, the member will receive a new fixed period with a new interest rate
Apply Here!
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After closing, you will be given a link. If the interest rates fall and your loan falls within the parameters, you will be able to log-in and “click” a button to lower your rate.

This feature is not available until 6 months after closing

You can use the HarmonyLoan™ feature six months after closing on your mortgage. After the initial 6 months, you can lower your rate as often as 120 days. Note: the new rate must reduce your current rate by at least 0.25% to be able to use this feature.

No. There is no new application process. This means there is no new paperwork, appraisals, underwriting, or credit checks. The only qualification is that your loan must be current with no late payments within the last 12 months.

No.  When you reset your interest rate under the HarmonyLoan™ your remaining term stays the same.  For example, if you “click” the button after 36 mortgage payments on a thirty-year amortized HarmonyLoan™, you will still only have 27 years left on your mortgage.

No. Reducing your rate with HarmonyLoan™ avoids refinancing and has no closing costs so your principal will decrease with regular monthly mortgage payments.

You can use the HarmonyLoan™ feature throughout the lifetime of your loan so long as the rate reduction will drop by 0.25%. For eligible fixed-rate mortgages, your interest rate can only ever go down and never back up each time you use the feature.


An adjustable-rate mortgage (ARM) is a home loan where the interest rate starts fixed for a set period, then adjusts periodically based on market conditions.

For example, a 5/1 adjustable-rate mortgage (ARM) might offer a fixed interest rate of 5% for the first five years. After that, the rate adjusts once per year based on market conditions

If you take advantage of the HarmonyLoan™ feature on your ARM, you receive a new fixed period with a new interest rate. For the 5/1, 7/1, and 10/1 ARM the Homebuyer/Borrower receives a new fixed rate portion of their ARM with a new interest rate (possibly lower, but could stay the same or be higher, depending on market conditions).  For example, if you have a 7/1 ARM and after 3 years you “click”, you receive a new rate fixed for another 7 years.


You might choose to “click” into a new fixed rate—even if it’s slightly higher—because it gives you stability and protection against future rate increases. By locking in a predictable payment for another set period, you gain peace of mind knowing your rate won’t rise, while still keeping the flexibility to “click” again and secure a lower rate if market rates drop.

You cannot use the Harmony Loan features once the fixed period of your ARM ends, and your loan starts adjusting with the markets.