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Best Mortgage Refinance Companies in San Jose

2024

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Providers

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Website
200 North Almaden Boulevard, San Jose, CA 95110
  • Reverse Mortgages

Why choose this provider?

Whether clients are looking into purchasing or refinancing mortgage loans, the advisors at The Mortgage Outlet are knowledgeable in various loan options. They can assist San Jose residents with conventional, jumbo, VA, and FHA programs. They work with clients through the entire process, covering the stages of submitting applications, underwriting, processing, and closing. The Mortgage Outlet's team provides round-the-clock assistance via email and phone. Benjamin Greer, its branch manager, has been working in the industry for a decade.

License Verified:

License: 1609505

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.
4.9
Google
4.8 / 5 (57)
Yelp
5.0 / 5 (37)
Facebook
5.0 / 5 (3)

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
2195 Tully Road, San Jose, CA 95122
  • Reverse Mortgages
  • New Construction

Why choose this provider?

San Jose-based Loan Factory is a mortgage refinance company founded by mortgage broker Hoa Do. The company works closely with home buyers, sellers, and commercial clients. Its refinancing services help clients save money, turn property equity into cash, and buy new properties with a convenient online loan process. The company provides custom real-time rate quotes from various lenders. Do was named Top 20 Mortgage Broker by Rocket Pro TPO at the 2020 Rocket Awards.

License Verified:

License: 1287941

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 (3)

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
1245 South Winchester Boulevard, San Jose, CA 95128
  • Reverse Mortgages
  • Commercial Loans
  • Multi-Family Loans

Why choose this provider?

InstaMortgage Inc. is a tech-focused mortgage lender that serves clients in the San Jose metro. It helps its clients secure better financing for their homes and offers mortgage programs, including VA, FHA, jumbo, and conventional loans. It has invested in specialized technology such as robotic process automation, intelligent automation, optical character reading, and artificial intelligence to provide clients with faster mortgage processing time. Its founder and CEO, Shashank Shekhar, is an author and has been published in Forbes, Inc, Housing Wire, and Huffington Post.

License Verified:

License: 01857474

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.
4.9
Google
4.9 / 5 (201)
Yelp
5.0 / 5 (31)
Facebook
4.7 / 5 (27)

Website
2195 Tully Road, San Jose, CA 95122
  • Reverse Mortgages

Why choose this provider?

Loan Factory is a mortgage broker company with licenses in different locations, including its headquarters in San Jose. Connected to a wide network of lenders, Loan Factory covers new mortgage loans and refinancing an existing mortgage. As part of its loan process, the company provides customized, real-time rate quotes, rate movement updates, and extensive rate comparisons from different lenders. Scottman Guide has recognized the company as one of the Top Originators for three consecutive years since 2019.

License Verified:

License: 320841

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.
4.9
Google
5.0 / 5 (581)
Facebook
5.0 / 5 (136)
Yelp
4.5 / 5 (91)

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.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
1080 Minnesota Ave., Ste. 1, San Jose, CA 95125
  • New Construction

Why choose this provider?

Todd Flesner is loan professional offering solutions to the real estate financing needs of San Jose. Flesner and his team advise homebuyers in choosing from a variety of loan programs, such as jumbo loans, fixed-rate mortgages, and FHA government loans. They provide clients with up-to-date market information, answer their mortgage questions, and guide them throughout the loan process. Flesner is affiliated with Flagstar Bank. He previously served in several local organizations, including the president of the Milpitas Rotary Club.

License Verified:

License: 238044

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
Yelp
5.0 / 5 (16)
Google
5.0 / 5 (12)
Facebook
5.0 / 5 (11)

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
6020 Hellyer Avenue, San Jose, CA 95138
  • Construction
  • Reverse Mortgages
  • Residential
  • Commercial Financing

Why choose this provider?

101 Loan is a San Jose-based mortgage company with over 30 years of experience. Among its services is mortgage refinancing, which aids clients to reduce their existing mortgage interest rates and redefine terms. Having access to some of the leading lenders in the country, 101 Loan provides customized refinancing programs based on the client's financial profile, long-term goals, and short-term needs. The loan process is simplified, which only includes an online application, provision of loan options, and choosing the program.

License Verified:

License: 121019

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
Yelp
5.0 / 5 (140)
Google
5.0 / 5 (26)
Facebook
4.7 / 5 (14)

Website
3190 S. Bascom Avenue, Suite #100, San Jose, CA 95124

Why choose this provider?

Direct Mortgage Funding is a full-service firm offering purchase, refinancing, and construction loans in San Jose. It has been helping individuals and property owners find the appropriate loan options for their needs since 1996. The lending officers help clients decide on different programs, including FHA, VA, and apartment mortgages. The company's mortgages can also be fixed-term, adjustable-rate, and periodic-fixed. The bank assists individuals 62 years and up with reverse mortgages, which are designed specifically for seniors.

License Verified:

License: 150052

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
Yelp
5.0 / 5 (78)
Google
5.0 / 5 (19)

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
1250 Aviation Avenue, San Jose, CA 95110
  • Reverse Mortgages
  • New Construction

Why choose this provider?

C2 Financial Corporation is a mortgage refinance company that serves clients in San Jose and nearby areas. The business helps individuals in choosing the right mortgage loans with the best interest rates. Its team of mortgage specialists handles a wide range of loan programs such as the FHA, VA, jumbo, conventional, and specialty options. The company is led by Shawn Sidhu, a mortgage broker who has also been working as the branch manager since 2011.

License Verified:

License: 135622

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
Yelp
5.0 / 5 (118)
Google
4.9 / 5 (97)

Website
3005 Silver Creek Road, San Jose, CA 95121
  • Reverse Mortgages

Why choose this provider?

Pacificwide Business Group Inc. is a property management and refinancing company based in San Jose. It provides conventional mortgages with terms reaching seven years, along with FHA loans and REFI plus loans available to those with a FICO score of 680 and above. Freddie Mac loan program that provides a one-year tax return for those self-employed individuals, as well as cash-it home loan for home investments. It aids residential and commercial property owners in listing and selling single-family homes, condominium units, and commercial units.

License Verified:

License: 320600

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.
3.5
Yelp
3.5 / 5 (5)

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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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.
  • How soon can you refinance a mortgage in San Jose?

    In San Jose, for conventional mortgages, you can generally pursue a refinance for a reduced interest rate without any specific waiting period. However, if you intend to engage in a cash-out refinance or opt for a streamlined refinance, a waiting period of six months is typically required. For FHA or VA streamline refinances, the waiting period is 210 days, and between six to 12 months for USDA loan refinancing.

  • Are there any prepayment penalties for refinancing a mortgage in San Jose?

    In San Jose, California regulations prohibit prepayment penalties on residential properties with one to four units after five years. Before the five-year mark, these penalties are only permitted on prepayments exceeding 20% of the original principal amount within a year. However, an exception exists for specific loans involving real estate brokers, where prepayment penalties can extend up to seven years.

  • Can you refinance to cash out equity in San Jose?

    Yes, by utilizing cash-out refinancing, you have the opportunity to transform the equity you have accrued into cash by refinancing your mortgage in San Jose. This process involves making changes to the terms of your new mortgage, which could include altering the interest rate or the length of the loan. The amount of cash you can access is directly linked to the value of the equity you have established in your home.

  • Who qualifies for a reverse mortgage in San Jose?

    In San Jose, eligibility for a reverse mortgage is determined by California regulations. To qualify, individuals must be aged 62 or older, reside in the property as their primary residence, and either fully own the home or possess substantial equity. Those eligible have the flexibility to receive funds through a monthly payment, a line of credit, or a mix of both. Utilization of the funds acquired from a reverse mortgage is unrestricted and can be allocated according to individual needs.

  • How can you choose the right lender for mortgage refinancing in San Jose?

    Choosing the right lender for mortgage refinancing in San Jose requires a thorough understanding of how refinancing fits your individual requirements. To make this process easier, you can use online resources to compare different lenders, read customer reviews, and evaluate interest rates. This way, you can gain insights into the variety of interest rates available for the specific loan you are looking for.

  • 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.