Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Berkeley

Our Recommended Top 12

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Berkeley Mortgage Refinance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

64Reviewed

43Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

828 San Pablo Ave., Albany, CA 94706
WebsiteLicense: 242792

Expertise.com Rating

Why choose this provider?

I am a seasoned and highly skilled mortgage professional who prides myself on dependability, accessibility, and great customer service. When you are ready to begin the mortgage lending process for a purchase, refinance, or reverse mortgage, I will be with you to guide and advise you to make sure that your loan closes quickly and smoothly. I am gratified to know that I can help you to achieve your goals, whether it is to achieve a dream of home ownership, reduce your monthly payments, or financial obligations in your golden years. I joined C2 Financial Corporation in 2019, one to the top trusted mortgage brokerages. C2 Financial Corporation was recognized by the Associate of independent Mortgage Experts (AIME) in 2019 as the #1 mortgage brokerage. As a C2 Financial Mortgage broker, I have access to hundreds of versatile mortgage programs. In 2020, I earned the professional designation of Certified Reverse Mortgage Professional- one of less than 200 people to have earned this prestigious designation, proving my knowledge, experience and expertise. Contact me for your best option -- I look forward to the opportunity to work with you.

  • Reverse Mortgages

12553 San Pablo Avenue, Richmond, CA 94805
WebsiteLicense: 238397

Expertise.com Rating

Review Sources

Google
5.0 (25)
Yelp
5.0 (1)

Why choose this provider?

Griselda Ledesma & The Ledesma Team Mortgage & Real Estate caters to clients in Berkeley and the surrounding areas. Its specialists have over 100 years of collective experience in real estate and home financing services. They help borrowers who want to refinance their existing loans to gain payment flexibility or maximize home equity. They also provide the necessary support for first-time home buyers and sellers, move-up buyers, and property investors. The agency has financed more than 5,980 units.

  • New Construction
  • Reverse Mortgages

345 California Street, Suites 600 & 700 Office Sfocal028, San Francisco, CA 94104
WebsiteLicense: 110501

Expertise.com Rating

Review Sources

Google
5.0 (92)

Why choose this provider?

Fif Ghobadian handles the mortgage needs of clients throughout Berkeley and the surrounding areas. She assists homeowners in refinancing their existing mortgage loans to help them reduce their monthly payments, obtain their home's equity, and change their loan terms. She also caters to individuals and families applying for mortgage loans to purchase their first or investment homes. Ghobadian has more than two decades of experience in the mortgage industry. She currently serves as the SVP of Mortgage Lending at OriginPoint.

  • Reverse Mortgages

1501 North Broadway Suite 330, Walnut Creek, CA 94596
WebsiteLicense: 299689

Expertise.com Rating

Why choose this provider?

American Pacific is a lending firm that caters to clients in the Berkeley area and nearby metros. It handles mortgage refinancing, improving clients' cash flows, and updating their rates. It also has a first-time buyer programs, balloon mortages, and ARMs. The firm has raised funds for cancer research led by the Multiple Myeloma Research Foundation. It also played a part in local community education by promoting business/school partnerships, and training community leaders in local social, political, and economic issues.

  • New Construction

1400 Shattuck Ave. Suite 1, Berkeley, CA 94709
WebsiteLicense: 304682

Expertise.com Rating

Why choose this provider?

The Crosby Team addresses the mortgage needs of homebuyers and investors in Berkeley. It helps individuals and families obtain their dream investment properties through its refinancing services. The agents offer different types of mortgage programs, including fixed-rate and adjustable-rate loans tailored to clients' property goals. They assess debtors' savings and assets, monthly income, and debt-to-income ratio. The company's regional manager and senior vice-president, Dianne Crosby, is an affiliate board member of the Bridge Association of Realtors.

  • New Construction

4234 Hacienda Dr, Pleasanton, CA 94588
WebsiteLicense: 168352

Expertise.com Rating

Review Sources

Facebook
4.8 (42)
Yelp
4.0 (5)
Google
5.0 (1)

Why choose this provider?

United Lending Partners provides purchase and refinance services to homeowners in the Berkeley metro and the surrounding areas. Using a proprietary loan origination system, its staff of professionals aids borrowers in applying for refinancing programs securely online. They search from over 40 lender sources and match refinancing borrowers to programs and rates suited to their needs and goals. Broker and co-owner, Anthony Maddalon, has been in the real estate financing industry for more than 15 years. He is joined in the company by mortgage loan officer, Damon Rees.

  • New Construction
  • Reverse Mortgages

1 Market Plaza, Spear Tower #3600, San Francisco, CA 94105
WebsiteLicense: 1696975

Expertise.com Rating

Review Sources

Facebook
4.8 (28)
Google
5.0 (2)

Why choose this provider?

Carlyle Financial is a mortgage lender that offers loans from partner local community and specialty regional banks and credit unions. It caters to Berkeley borrowers in different circumstances, such as those in the tech industry who use restricted stock units as a qualifying requirement and the self-employed. Due to its discreet approach, it has catered to high-net-worth clients, including borrowers from Amazon and Google and professional athletes and entertainers. Carlyle Financial gives back to the community through causes like the CA Wildfire Relief Fund.

  • New Construction
  • Reverse Mortgages

Oakland, CA 94601
WebsiteLicense: 450401

Expertise.com Rating

Review Sources

Google
5.0 (7)

Why choose this provider?

Zain Elias is a Tam Funding mortgage officer serving clients in and around Berkeley. Zain guides clients through the process of home purchasing, refinancing, and debt consolidation. He has different loan programs available for catering to his clients, such as 30-year fixed, adjustable, and reverse. He also offers FHA, VA, Jumbo, and 203k loans. Zain conducts property assessments to help clients gauge potential loan terms. One client commended his open communication and ability to explain refinancing in simple terms.

  • Reverse Mortgages

1604 Solano Avenue, Albany, CA 94707
WebsiteLicense: 345573

Expertise.com Rating

Review Sources

Yelp
5.0 (12)
Google
5.0 (1)

Why choose this provider?

Fishman Financial Group, Inc., is a mortgage company that has been serving Berkeley and nearby areas since 1990. Its agents offer a range of financing options, from fixed-rate to adjustable-rate mortgages, to clients looking to buy homes and investment properties. In addition, they help borrowers obtain FHA, HARP, and reverse mortgage loans. In line with its commitment to providing excellent service, the firm offers resources, tools, and advice to guide clients in understanding the loan process.

  • New Construction
  • Reverse Mortgages

1101 Marina Village Pkwy, Alameda, CA 94501
WebsiteLicense: 355911

Expertise.com Rating

Review Sources

Google
5.0 (10)
Facebook
5.0 (5)

Why choose this provider?

The Finance Group is a mortgage company that serves Berkeley-based residents. Its team assists through the home loan process and helps select the right mortgage that suits specific needs. It offers to refinance existing mortgage loans of homeowners who want to lower their interest rates. Its refinance process allows switching from an ARM to an FRM, lowering the loan term, and availing additional benefits. The company's other loan programs include home equity, conventional fixed-rate, jumbo, and VA mortgage loans.

  • Reverse Mortgages

1101 Marina Village Pkwy, Suite 201, Alameda, CA 94501
WebsiteLicense: 2096742

Expertise.com Rating

Review Sources

Google
5.0 (17)
Yelp
5.0 (2)

Why choose this provider?

Levias Lending handles mortgage refinancing for its clients in and around the Berkeley area. It handles transactions involving both single and multi-family residential properties, condominiums, townhouses, and manufactured homes. It also provides assistance in property purchases, including maximizing home equity. The company's loan officers take on a variety of programs like FHA, 203k, USDA, VA, and conventional loans. The Levias Lending website has a variety of online calculators clients can use to compute projections themselves.

  • New Construction
  • Reverse Mortgages

1580 Solano Ave. Suite D, Albany, CA 94707
WebsiteLicense: 346446

Expertise.com Rating

Review Sources

Yelp
5.0 (17)
Google
5.0 (12)

Why choose this provider?

Oak Leaf Funding is a mortgage brokerage firm serving Berkeley. Its available loan programs include FHA, VA, USDA, jumbo, and 30-year or 50-year fixed mortgages. They also assist in reducing a client’s interest rate and monthly payments or cashing out from their home’s equity. Oak Leaf Funding was founded by Wahid Afzal in 2005. He collaborates with partner Charles Gianfrate, and the two have over two decades of lending experience in the Bay Area and throughout California.

  • New Construction

FAQs

  • Introduction

    Refinancing a mortgage can be a complicated process, and hiring a mortgage refinancing broker can make it simpler and faster. There are several things you can do to protect your interests and help your broker complete the process for you.

    Check a potential broker’s online reviews to find one with a good reputation. In addition to the opinions of past clients, check to see if a broker has an online portfolio, which can support the reviews you find from past clients to show a broker’s trustworthiness. This can also help you establish if a broker has handled financing for properties similar to yours.

    Get a written summary of a broker’s rates before committing so you know exactly what hiring your chosen mortgage refinance broker will cost. Find out which lenders work with your broker and what information they need to successfully refinance your mortgage.
  • How much will the lender charge you if you are late with your mortgage payments in Berkeley?

    After a 15-day grace period, you will typically be charged between 4% and 5% of the total overdue amount. The actual charges can be found in Section 6, Borrower's Failure to Pay as Required, of your promissory note or Form 3200. If you are 60 days late with your mortgage payments in Berkeley, you will most likely be charged an additional late fee. Your delinquency may have already been reported to credit bureaus by this point, affecting your credit score.

  • Can you refinance a loan from a predatory lender in Berkeley?

    Refinancing from another Berkeley lender is an excellent way to get out of the predatory lender's loan. You will actually be taking out another loan to pay off your current loan. Although the abusive lender may penalize you with high prepayment penalties, you may save more money in the long run if you stick with your current loan. You must also report predatory practices to the appropriate authorities, such as the Federal Trade Commission or the Consumer Financial Protection Bureau.

  • What are the current conforming loan limits in Berkeley?

    For a one-unit property in Berkeley, the limit is $1,089,300. The limit to a conforming loan for a two-unit property is $1,394,775 and for a three-unit one, it is $1,685,850. Finally, the limit for a four-unit property is $2,095,200. These values are applicable to primary residences, secondary homes, and rental properties.

  • Can you resell Below Market-Rate (BMR) homes in Berkeley?

    Yes, but you must notify the city at least 60 days in advance. You must obtain the buyer's eligibility from the city. There are also resale restrictions to consider. More information on the BMR program can be obtained from the City of Berkeley's Department of Health, Housing, and Community Services. Email HHCS@berkeleyca.gov or call (510) 981-5400 to contact the department.

  • What can you do after your refinancing application in Berkeley was rejected?

    If your application was denied due to your credit score, review your credit report and dispute any errors. You can also try to improve your credit score by making on-time payments and paying off any outstanding balances. If the rejection was due to the value of your home, you may want to consider refinancing with a non-qualified mortgage lender. The lender may offer programs tailored to Berkeley residents who have experienced foreclosure or bankruptcy.

  • How do you refinance a mortgage?

    Decide why you’re refinancing, such as to get a lower interest rate, pay off your loan faster, or to get a lower monthly payment. Share your credit information with your broker along with information about the equity you have in your home. Review your mortgage refinance broker’s quotes and choose the best loan terms.