Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Indio

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 Indio 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.

57Reviewed

39Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1111 E. Tahquitz Canyon Way, Suite 121, Palm Springs, CA 92262
WebsiteLicense: 337037

Expertise.com Rating

Why choose this provider?

MortgageWorks is a Palm Springs-based agency that accepts refinancing applications in Indio. Its tailored loan options include FHA and VA cash-out and streamline programs that help prospective refinancers consolidate their debts, cover property renovations and tuition fees, and reduce their interest rates. Its staff recommends various choices based on each applicant's preferred terms and income situation in comparison with local rates. Art Alvarez, the agency's owner, worked as a manager for a number of mortgage and commercial banks early in his career.

  • New Construction
  • Reverse Mortgages

74967 Sheryl Avenue, Palm Desert, CA 92211
WebsiteLicense: 252853

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Review Sources

Google
5.0 (115)
Facebook
4.8 (57)

Why choose this provider?

First West Financial Corporation is a family-owned and family-operated business serving residents in and around Indio. It provides a variety of mortgage services to help families and individuals acquire their dream investment residential spaces. The company conducts consultations to guide buyers and investors in creating refinancing strategies that can lower interest rates and change loan terms. Its loan officers also process FHA, USDA, VA, HARP, and jumbo loans. Additionally, they offer conventional, reverse, and no FICO mortgage programs.

  • New Construction

Palm Desert, CA 92211
WebsiteLicense: 331823

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Review Sources

Facebook
4.8 (48)
Google
4.9 (39)

Why choose this provider?

Tashara Turpin is a mortgage broker from Infinity Home Loans Group who serves customers in Indio and the surrounding areas. Turpin and her team help clients looking to refinance their existing mortgages for better rates or get some cash out of the property. They examine specific circumstances and devise solutions for obtaining low-interest mortgages. They teach clients how to structure their new financing to get the best deal possible. Its team works with first-time homebuyers, move-up and second home buyers, investment buyers, and seniors seeking reverse mortgages.

  • New Construction
  • Reverse Mortgages

74794 42nd Ave. #7, Palm Desert, CA 92260
WebsiteLicense: 1381254

Expertise.com Rating

Review Sources

Google
5.0 (6)

Why choose this provider?

Palm Desert Reverse Mortgage has refinancing services that cater to residents of Indio and the neighboring areas. It offers reverse mortgage services that allow clients to upgrade their lifestyle, secure and access funds, pay off bills, and deal with their expenses. Its HUD-approved counselors advise clients to help them understand reverse mortgage loans and the application process. The company has been featured on KESQ and ABC Channel 3. Its broker owner, Lauren Boland, is a NARMLA member.

  • Reverse Mortgages

74710 CA-111 Suite 102, Palm Desert, CA 92260
WebsiteLicense: 1572057

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Review Sources

Google
3.8 (16)
Facebook
5.0 (5)

Why choose this provider?

Orange Circle International caters to the mortgage refinancing needs of customers in Indio. The firm offers down payment assistance programs as well as jumbo, FHA, and VA loans to residential and commercial clients. Its mortgage options also include construction, bridge, and fix-and-flip loans. It works to help clients borrow against the equity in their homes, reduce mortgage payments, and refinance to lower interest rates. Orange Circle International comprises staff members who have over 50 years of collective experience in the industry.

45725 Camino Vista, La Quinta, CA 92253
WebsiteLicense: 1438419

Expertise.com Rating

Review Sources

Yelp
5.0 (3)

Why choose this provider?

Impress Realty Sales & Loans helps Indio clients find their dream homes through mortgage refinancing. Ulises Escobar, the company’s refinancing specialist, has worked with more than 600 clients since 1994. Escobar is a veteran in the industry and is a senior sales consultant in the company with expertise in streamlined and simplified sales processes. Besides mortgage refinancing, the company offers down payment programs for primary homes and foreign national loans. Escobar is also a designated real estate agent.

  • New Construction

77824 Wildcat Drive, Palm Desert, CA 92211
WebsiteLicense: 1107512

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Review Sources

Yelp
4.5 (44)
Google
4.6 (37)
Facebook
4.8 (30)

Why choose this provider?

Vanmar Lending caters to locals in Indio who are looking for refinancing and loan products. Its programs include government-backed choices aimed at military service personnel, individuals with lower credit scores, and farmers. Conventional and alternative products are on hand, and the company also rearranges existing obligations to lower the burden of compliance or give homeowners some financial breathing room for home improvement projects. Vanmar Lending started in 2012 and also has an office in Reno.

  • New Construction

48909 Charlton Peak St., Coachella, CA 92236
WebsiteLicense: 414959

Expertise.com Rating

Review Sources

Google
5.0 (32)

Why choose this provider?

Since 2011, Fusion Mortgage Group has been catering to the home purchasing needs of individuals and families in Indio and the surrounding areas. It provides refinancing solutions for a variety of purposes, including consolidating debts, lowering monthly payments, and reducing mortgage terms. Its loan officers assist borrowers in selecting their desired home, calculating relevant factors, and getting pre-qualified for their loan applications. The company offers a variety of loan programs, such as jumbo, FHA, VA, USDA, and fixed-rate mortgages.

  • New Construction

79405 Hwy 111, La Quinta, CA 92253
WebsiteLicense: 321288

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Why choose this provider?

Pacific West Realty & Mortgage delivers programs that fit the refinancing goals of homeowners in Indio. The company assists mortgage borrowers in changing the terms of their outstanding loans and switching to lower interest rates. Its brokers, headed by president Dave Warth, offer online calculators to help clients evaluate if refinancing saves them money. Warth has been working in the mortgage industry for over 25 years and creates solutions for homeowners with not-so-good credit histories.

  • New Construction
  • Reverse Mortgages

43-576 Washington Street Suite 201, La Quinta, CA 92253
WebsiteLicense: 307639

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

Rinker Financial is a mortgage banking firm that provides refinancing options to clients in Indio and the surrounding areas. It accommodates the refinancing of primary, secondary, and vacation homes. Rinker Financial was established in 2000. It has funded more than $100 million in loans. Laine Rinker, the president and founder, has more than 28 years of experience in the mortgage industry. He educates homebuyers and homeowners throughout the loan process to assist them in making financial decisions.

  • New Construction

83135 Requa Ave Suite 3, Indio, CA 92201
WebsiteLicense: 851703

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Premier Realty Group is a locally owned and operated firm that serves the residents of Indio and the surrounding areas. It helps clients lower their interest rates and monthly payments or change their mortgage terms through refinancing programs. It also offers refinancing products for debt consolidation, home improvement, and cash-out purposes. In addition, it assists with home purchase loans. Owner Lorenzo Rivera has been working in real estate for more than a decade. He is a licensed mortgage originator and Realtor.

77564 Country Club Dr., Suite 310, Palm Desert, CA 92211
WebsiteLicense: 1927314

Expertise.com Rating

Review Sources

Facebook
5.0 (25)

Why choose this provider?

Kneuer Mortgage Services assists Indio residents with applying for refinancing. Its team of brokers guides borrowers in completing the refinance analysis process, comparing rates and terms, and choosing from different options. The professionals address each client's needs and financial situation starting from consultation and application to processing and funding. Founder Jeannette Kneuer has been working in the financial industry since 2010 and is a Notary Signing Agent. She is affiliated with New Era Financial Group.

  • 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.
  • What are the typical reasons Indio residents engage in mortgage refinancing?

    Indio residents refinance mortgages for various reasons. Here are some of them:

    • Enhanced credit leading to better terms.
    • Lowered interest rates for reduced interest payments.
    • Removal of monthly private mortgage insurance.
    • Decreased monthly mortgage payments.
    • Transition from adjustable to fixed-rate loans.
    • Consolidation or repayment of high-interest debt.
    • Transition to a shorter loan term (e.g., 30 to 15 years).
  • What is the required credit score for mortgage refinancing in Indio?

    In general, a conventional mortgage refinance requires a credit score of 620 or above. Nevertheless, certain government programs either mandate a minimum score of 580 or have no set requirement. Similar to other loans, a higher credit score improves your chances of collaboration with a mortgage refinance lender in Indio, resulting in better terms and lower interest rates compared to lower-scored borrowers who qualify.

  • What are the steps to enhance your credit in order to meet the criteria for a mortgage refinance in Indio?

    To enhance your credit score before refinancing your Indio mortgage, you should first show that you have steady and sufficient income to cover the new mortgage payments. Demonstrating cash reserves is also beneficial. Adding a co-signer might be an option, but they should be prepared to make payments if needed. Finally, aim to reduce balances and automate bill payments to avoid missing any.

  • When should you contemplate refinancing an Adjustable-Rate Mortgage in Indio?

    Consider refinancing an ARM in Indio if you want to do any of the following:

    • Switch to a fixed-rate loan: This avoids potential interest rates and payment increases.
    • Adjust your repayment term: Changing the loan duration affects your interest rate and monthly payment.
    • Remove mortgage insurance: Refinancing without mortgage insurance and possessing at least 20% equity can lead to lowered payments and cost savings.
    • Qualify for better rates: Despite rising mortgage rates, improved credit or a larger down payment might lead to obtaining a reduced rate.
  • What are the prerequisites for refinancing a rental property in Indio?

    Apart from the standard prerequisites, refinancing a rental property in Indio will entail additional requirements, such as proof of homeowner's and homeowner's association insurance; presenting a lease and rent deposit confirmation; and providing tax returns from the last two years. You also need to provide a detailed property payment breakdown showing the interest, principal, tax, and insurance; verify stable income with recent pay stubs and bank statements; offer recent investment and retirement account statements; and show documentation of your other financial obligations.

  • 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.