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2024

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Best Mortgage Refinance Companies in Moreno Valley

Our Recommended Top 5

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 Moreno Valley 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.

111

Reviewed

68

Curated

5

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
24816 Morning Mist Drive, Moreno Valley, CA 92557
  • Reverse Mortgages

Why choose this provider?

The Phoenix Man Financial Services is a mortgage refinance company in Moreno Valley. Its mortgage brokers work with individuals interested in refinancing their current mortgage to cash out on some their home's equity to finance a renovation project or other expenditure, or to consolidate high-interest debt. Other homeowners turn to The Phoenix Man Financial Services to seek non-cash-out refinance alternatives to lower their current interest rates or monthly payment as well as convert an ARM to a fixed-rate mortgage. Its lending professionals also offer home purchase loans that include conventional, FHA, VA, jumbo, USDA, and ARM and fixed-rate options.

License Verified:

License: 1675089

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Yelp
4.5 / 5 (22)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
23328 Olive Wood Plaza Drive, Moreno Valley, CA 92553
  • Reverse Mortgages

Why choose this provider?

Summit Funding Inc. is a mortgage lender that offers a variety of loan products for clients in Moreno Valley. As part of its financing services, the company's loan officers help clients who are planning to consolidate their debts or renovate their homes by refinancing their current loans. Its loan programs include FHA and VA loans as well as reverse mortgages. Summit Funding was listed as one of the top 100 lenders by the Mortgage Executive Magazine. It has been operating since 1995.

License Verified:

License: 3199

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (67)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
7898 Mission Grove Parkway South, Riverside, CA 92508
  • Multi-Family Loans

Why choose this provider?

Evergreen Home Loans - Riverside works as a loan lender for clients in the local area, including those from Moreno Valley. Its staff walks clients through the mortgage refinancing process by advising them on their available options. Clients can use the company's mobile app to handle their mortgage needs. Riverside branch manager Tim Moreno has experience representing a wide selection of buyers, including investors, move-up buyers, first-timers, and new home builders.

License Verified:

License: 1435924

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (4)
Yelp
5.0 / 5 (3)
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1101 California Avenue, Corona, CA 92881
  • New Construction

Why choose this provider?

Alliance Mortgage Specialists is a financial institution that has been serving the people of Moreno Valley and the nearby communities for more than 20 years. In addition to offering initial loans for clients to purchase homes, the institution helps clients refinance their existing ones. Its team has experience with traditional, VA, FHA, and jumbo loans. It also lends clients money to be used for renovations and improvements on their existing properties. Alliance Mortgage Specialists helps clients establish their eligibility for a loan within 24 hours of their first application. It has additional experience with reverse mortgages and hard money loans.

License Verified:

License: 1076176

Nationwide Multistate Licensing System and Registry

Website
490 Alabama Street, Redlands, CA 92373
  • Reverse Mortgages

Why choose this provider?

Jayco Home Loans has provided a wide variety of mortgage options in the Moreno Valley area since 1998. The company's loan officers are also licensed real estate agents with knowledge of the local market and lending programs that meet their clients' needs. Jayco Home Loans works with homeowners interested in refinancing their current mortgages to secure a lower interest rate, convert an ARM to a fixed-rate loan, or shorten the term to build greater equity. The company also assists individuals seeking to cash out some of their home's equity to consolidate high-interest debt or finance other expenditures, such as a renovation project.

License Verified:

License: 01933474

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Frequently Asked Questions

  • 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 documents should one applying for a mortgage refinancing pre-approval in Moreno Valley prepare?

    When applying for a mortgage refinancing pre-approval in Moreno Valley, one should prepare their Social Security number, tax records, employment information, and wage receipts. Any documents that show their net and gross monthly income, the amount of money they have in savings, and financial account details may also be needed. Mortgage companies may inquire about the homebuyer's existing debts and their details.

  • How is a mortgage pre-approval different from a pre-qualification in Moreno Valley?

    A mortgage pre-approval is a written document indicating that you are approved for a loan amount under specific terms and interest rates. It clearly states the maximum amount of loan you can apply for in Moreno Valley. It involves a thorough assessment of your finances. Meanwhile, a pre-qualification does not entail a comprehensive evaluation of your personal finances. Thus, it merely provides an estimate of the house price you may be able to afford.

  • When should a homeowner consider refinancing their mortgage in Moreno Valley?

    Homeowners in Moreno Valley should consider mortgage refinancing when a new loan offers a lower interest rate than their current one. This can also shorten the time they need to pay off their debt. Refinancing can also work for those who have built significant home equity, which can be used to fund other expenses, such as property renovations or medical costs.

  • What are the two categories of conventional loans in Moreno Valley?

    Conventional loans in Moreno Valley can be either conforming or non-conforming. Conforming conventional loans follow the guidelines established by Fannie Mae and Freddie Mac—federally backed home mortgage companies. These usually require a 20% downpayment. Meanwhile, non-conforming conventional loans have different guidelines, depending on which entity is giving out the loan. Downpayment and interest rates could be higher or lower than conforming ones.

  • What does it mean when the borrower "locks in" the interest rate in Moreno Valley?

    When the borrower locks in the interest rate, meaning the interest rate will remain the same for a specified period. The rates of mortgages change over time, sometimes abruptly. If the interest rate unexpectedly spikes during the loan application process, the borrower's mortgage payments will increase, adding to their financial strain. To prevent this situation, lending companies—for a fee—may offer borrowers in Moreno Valley to lock in the mortgage interest rate.

  • 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.