Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in New Haven

Our Recommended Top 13

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 New Haven 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.

80Reviewed

53Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

730 Main St, Branford, CT 06405
WebsiteLicense: 71016

Expertise.com Rating

Review Sources

Facebook
4.6 (29)
Google
5.0 (5)

Why choose this provider?

Trademark Financial Group LLC serves New Haven homeowners seeking to change their mortgage terms or benefit from their property's equity. It offers mortgage and cash-out refinancing services. Its loan officers assist homeowners in determining the best time to refinance and which financing option is advisable for their situation by taking into account their finances, credit history, and mortgage preferences. They have over 50 years of combined industry experience. Trademark Financial Group also provides homebuyers with various loans, including fixed-rate, USDA, FHA, VA, and Jumbo.

  • New Construction

18 Padanaram Rd, Danbury, CT 06811
WebsiteLicense: 2250

Expertise.com Rating

Review Sources

Google
4.8 (23)

Why choose this provider?

Prysma Lending Group offers mortgage refinance programs to families and individual homeowners in New Haven. It helps clients navigate the entire mortgage refinancing process, from choosing the type of loan to determining the property's value to closing. It also provides various home loan options for first-time home buyers, including ARM, fixed-rate, FHA, and tax ID home mortgage loans. The founder of Prysma Lending Group, Monica Serva, worked as a mortgage professional before starting the firm in 2003.

  • New Construction
  • Reverse Mortgages

250 State Street, Unit F1, North Haven, CT 06473
WebsiteLicense: 91246

Expertise.com Rating

Review Sources

Google
5.0 (65)
Facebook
5.0 (9)
Yelp
5.0 (5)

Why choose this provider?

Welcome Home Mortgage caters to New Haven clients who require loan and refinancing options. The company advises and educates home buyers across two states on the pitfalls and opportunities associated with housing loans. Educational videos and online calculators are available to provide initial information before meeting an agent. Mortgage consultant Brian Coughlin became a partner in the company last 2018. The agent has served as president of the local Rotary Club, for which he has handled fundraisers aimed at the local community.

  • New Construction

250 State St, Unit F2, North Haven, CT 06473
WebsiteLicense: 75269

Expertise.com Rating

Review Sources

Google
5.0 (65)
Yelp
5.0 (1)

Why choose this provider?

Ascend Financial Network is a residential and commercial lending brokerage that offers services for clients in New Haven. Its mortgage lenders serve the lending and refinancing needs of builders, real estate professionals, and individual home buyers. They provide a Home Ready & Home Possible loan program that requires a 3% minimum down payment, at least 680 credit score, and lender-paid PMI and borrower-paid PMI options. Other loan programs are FHA, conventional elite, and USDA rural development. Its loan officer, Donny Williams, has been in the finance industry for 20 years.

  • Reverse Mortgages

2465 Black Rock Turnpike, Fairfield, CT 06825
WebsiteLicense: 110681

Expertise.com Rating

Review Sources

Google
5.0 (126)
Facebook
5.0 (67)

Why choose this provider?

Nima Rezvan works at Prosper First Funding Corporation as a mortgage broker. Nima has more than 18 years of experience and has assisted individuals and families in New Haven. He and his staff provide customized financial options to clients, such as refinancing an existing loan, acquiring a property, or consolidating debt. They also assist in locating the appropriate loan program for each client, such as FHA, VA, USDA, jumbo, or conventional loan. Nima Rezvan is a Fairfield Chamber of Commerce and Fairfield Business Development Group member.

  • New Construction
  • Reverse Mortgages

416 Highland Ave, Cheshire, CT 06410
WebsiteLicense: 58789

Expertise.com Rating

Review Sources

Facebook
5.0 (15)
Google
4.9 (7)

Why choose this provider?

Rapid Response Mortgage Services LLC. serves house buyers in New Haven who seek loan and refinance services. The products include conventional fixed-rate loans and adjustable-rate programs. The team offers FHA-backed choices and reverse mortgages, the latter fit for aging clients. The company refinances existing obligations to take advantage of contemporary changes in rates and market conditions. Rapid Response has been in the lending sector for more than two decades and functions solely as a brokerage.

  • New Construction
  • Reverse Mortgages

33 Fair Street, Suite 101, Wallingford, CT 06492
WebsiteLicense: 1598108

Expertise.com Rating

Review Sources

Google
5.0 (65)
Facebook
4.9 (37)

Why choose this provider?

Platinum Mortgage Solutions, Inc., helps people in New Haven pay off their current loans with new loans through refinancing. The brokerage offers various types of mortgage refinancing programs, including cash out, fixed-rate, and adjustable-rate loans. It also assists borrowers in selecting mortgage loans that match their needs, such as renovation, conventional, and FHA. One of the business's owners, Joanne Johansen, has more than 25 years of mortgage and banking industry experience. The other owner, Paul Johansen, has been in the real estate industry for over 20 years.

  • New Construction

612 Wheelers Farms Rd, #104, Milford, CT 06461
WebsiteLicense: 158982

Expertise.com Rating

Why choose this provider?

PrimeLending serves real estate buyers in New Haven looking for refinancing and mortgage solutions. Its staff offers refinancing options to mitigate the burden of current obligations. Other products include adjustable and fixed-rate programs, the latter with terms ranging from 15 to 30 years. Jumbo loans are also available, and the team has government-backed options for agricultural lot purchasers and military service personnel. PrimeLending has been open since 1986. Its loan officers have over 400 selections on hand for clients.

  • New Construction

14 Church Street, North Haven, CT 06473
WebsiteLicense: 996881

Expertise.com Rating

Review Sources

Google
5.0 (76)
Facebook
5.0 (6)
Yelp
5.0 (6)

Why choose this provider?

MSI Mortgage is a New Haven brokerage that assists people who are buying homes in the area. It offers several loan programs, such as conventional and HARP 2.0. It also offers reverse mortgage loans, which are specifically for homebuyers who are at least 62 years old. The brokerage guides clients through the entire loan process, which includes application, processing, and closing. MSI Mortgage has been lending to Connecticut homebuyers since 1988. Its president and CEO, David Swanson, has been in the mortgage industry since 1986.

  • Reverse Mortgages

130 North Main Street, Wallingford, CT 06492
WebsiteLicense: 107594

Expertise.com Rating

Review Sources

Google
4.8 (37)

Why choose this provider?

Allied Funding Group is a mortgage brokerage company serving clients in New Haven. The firm provides refinancing programs for a variety of residential properties, including single-family homes, multi-family residences, condominiums, and townhouses. Some of these programs include fixed-rate, home equity, debt consolidation, and cash-out refinance. Its mortgage advisors also offer home purchase loans such as conventional, FHA, VA, Jumbo, and Reverse. The company—founded by mortgage broker Paul Martin—has been serving clients for over 25 years.

  • New Construction

731 Main Street, Unit 101, Monroe, CT 06468
WebsiteLicense: 71655

Expertise.com Rating

Review Sources

Google
5.0 (32)
Facebook
5.0 (27)

Why choose this provider?

Audra Santos of Norcom Mortgage assists New Haven residents with mortgage refinancing. She offers a variety of options, including 203K Limited, VA and FHA Streamline, CHFA, and conventional loans. Audra has been in the mortgage industry for more than 20 years. She focuses on getting clients on a loan program that meets their current needs and serves their long-term goals. She is a member of the Credit Union League of Connecticut and the Association of Mortgage Professionals. Audra received the 2022 Five Star Professional Award.

  • New Construction

185 Plains Road, Milford, CT 06461
WebsiteLicense: 2764

Expertise.com Rating

Review Sources

Google
4.8 (492)
Yelp
2.2 (41)

Why choose this provider?

Total Mortgage Milford helps people in New Haven achieve their homeownership goals through refinancing. Its loan officers offer homeowners and homebuyers various mortgage refinancing options, such as cash-out and FHA loans. They also assist borrowers in selecting mortgage loans tailored to their financial circumstances, including homestyle renovation, jumbo, and HELOC. Total Mortgage has a streamlined in-house mortgage process, providing control over clients' files. It is also licensed to offer mortgage loans in California, Virginia, and New Jersey.

  • Multi-Family Loans
  • New Construction
  • Reverse Mortgages

Monroe, CT 06468
WebsiteLicense: 2801

Expertise.com Rating

Review Sources

Google
4.9 (131)

Why choose this provider?

AFC Mortgage Group is a mortgage provider that has been serving individuals, families, and businesses in New Haven and nearby areas for more than 20 years. It offers various loan options for refinancing and purchase purposes, including conventional, jumbo, VA, FHA, and USDA loans. The brokerage also offers bank statements, home equity, and ITIN loan options and helps clients with rehab and construction loans. AFC Mortgage Group aims to maintain a simplified refinancing process for clients.

  • Reverse Mortgages

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.
  • Do first-time home buyer programs prevent borrowers from refinancing in New Haven?

    The City of New Haven offers a first-time home buyer a down payment and closing cost assistance program to deter refinancing for at least five years, as the loan is forgiven at a rate of 20% each year. Borrowers who refinance before that time should repay the unforgiven portion of the loan.

  • Should Time To Own borrowers in New Haven refinance their homes?

    Those in New Haven who bought their homes through the Connecticut Housing Finance Authority’s Time To Own Forgivable Down Payment Assistance program are advised not to refinance until after 10 years, or else they will have to pay back the unforgiven portion of the loan. The loan is forgiven at a rate of 10% each year.

  • What options exist for cash-out refinancing for homeowners in New Haven?

    Homeowners in New Haven have the option of taking out a conventional or FHA cash-out refinance. Qualifying veterans may take out a VA cash-out refinance, which allows them to borrow up to 100% of their home equity. Meanwhile, most conventional and FHA cash-out refinances limit the amount to borrow to 80% of their equity.

  • Who is eligible for a cash-out refinance in New Haven?

    While qualifications may vary from lender to lender, those in New Haven who wish to take out a cash-out refinance are required to have a credit score of at least 620 and a debt-to-income ratio under 50%. In addition, borrowers should submit documentation such as bank statements, tax returns, W-2s or 1099s, and proof of alimony or child support payments.

  • What are the fees associated with mortgage refinancing in New Haven?

    Homeowners in New Haven who wish to refinance their mortgages will have to pay for the costs of the application, loan origination, home appraisal, survey, title search and insurance, and attorney services. They may also have to pay property taxes and prepayment penalties. In 2021, the average closing cost in Connecticut was $2,678.

  • 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.