Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Waterbury

Our Recommended Top 14

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 Waterbury 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.

71Reviewed

48Curated

14Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

175 Main St. South, Woodbury, CT 06798
WebsiteLicense: 80786

Expertise.com Rating

Review Sources

Google
5.0 (276)
Facebook
5.0 (92)

Why choose this provider?

Robert Weinberg, an E Mortgage Capital division manager, caters to the homeownership needs of individuals and families in and around Waterbury. He offers refinance options for various loans, such as VA, FHA, jumbo, and conventional mortgages. He assists clients in refinancing their properties to reduce monthly payments, acquire an increase in disposable cash, and pay off the remaining mortgage. Winberg has been active in the industry for more than 20 years. He has been featured on USA Today and Fox News.

  • New Construction
  • Reverse Mortgages

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

Expertise.com Rating

Why choose this provider?

Platinum Mortgage Solutions, Inc. serves clients in Waterbury and the surrounding areas. It helps them turn their equity into cash, shorten their loan term, acquire lower interest rates, or consolidate debt by offering refinancing options. Available types include cash-out and fixed-rate and adjustable-rate mortgages. Other options that are offered are VA, FHA, USDA, and conventional loans. Clients may reach the brokerage 24/7. Owner Joanne Johansen has been in the mortgage and banking industry for more than 25 years.

  • Reverse Mortgages

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

Expertise.com Rating

Review Sources

Google
5.0 (64)
Facebook
5.0 (9)

Why choose this provider?

Ask Brian Today offers financial solutions to individuals and families in Waterbury and neighboring communities. The firm provides mortgage refinancing programs, including fixed-rate, adjustable-rate, hybrid ARM, HARP 2.0, and cash-out refinance options appropriate to clients' financial circumstances. Additionally, it offers government-insured financing plans and home loans such as interest-only, balloons, graduated payments, and reverse mortgages. The company is partnered with Welcome Home Mortage, LLC. Principal mortgage consultant Brian Coughlin has over two decades of experience in the mortgage industry.

  • Reverse Mortgages

20 Waterside Drive, Suite 202, Farmington, CT 06032
WebsiteLicense: 1401396

Expertise.com Rating

Review Sources

Google
5.0 (65)
Facebook
5.0 (23)

Why choose this provider?

American Mortgage Affiliates Company, LLC, serves clients in and around the Waterbury community. It offers home refinancing programs, helping homeowners lower their monthly payments and interest rates. Its team assists clients in comparing mortgage interest terms and rates and guides them in selecting a program that suits their needs. Its team also offers adjustable-rate, fixed-rate, jumbo, FHA, USDA, and VA loans. Eric Johnson, company president, has been in the mortgage industry for over 15 years.

175 New Britain Ave., Plainville, CT 06062
WebsiteLicense: 2754

Expertise.com Rating

Review Sources

Google
5.0 (107)
Facebook
5.0 (11)
Yelp
5.0 (1)

Why choose this provider?

Mortgage Assistance Company, LLC, caters to clients in Waterbury and the surrounding areas. Its lending specialists assist people looking for mortgage programs to buy a new house or refinance their current loans. Their mortgage options include FHA, VA, USDA, and jumbo loans. The company's financing offerings cover various individual property types, including condominiums, vacation or townhouses, and single- or multi-family homes. Mortgage Assistance Company has been helping homeowners and buyers for more than two decades.

  • New Construction

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

Expertise.com Rating

Review Sources

Google
5.0 (68)
Facebook
5.0 (31)

Why choose this provider?

Ascend Financial Network is a residential and commercial lending company that caters to homeowners in Waterbury refinance loans. Its team of financial officers, with over 50 years of experience in the industry, works with homeowners who want better and shorter terms or those who seek to get cash from equity to achieve their goals through refinancing. The firm also offers FHA, VA, USDA-rural, jumbo, and doctor loans. It provides clients with an online mortgage calculator for quicker processing.

  • Reverse Mortgages

702 Bridgeport Ave, Shelton, CT 06484
WebsiteLicense: 2861

Expertise.com Rating

Review Sources

Facebook
4.8 (113)
Google
5.0 (104)

Why choose this provider?

Province Mortgage Associates, Inc., provides residential and commercial lending solutions for clients in Waterbury undergoing purchase and refinance transactions. Its refinance loan programs include rate and term refinance to change mortgage loan terms and interest rates, cash-out refinance for mortgage payoff excess proceeds, and Fannie Mae RefiNow. It offers conventional and government mortgage products, rehabilitation, and reverse mortgage loans. Province Mortgage Associates was established in 2005 by David Currie. He has been in the finance industry since 1993.

  • New Construction
  • Reverse Mortgages

Monroe, CT 06468
WebsiteLicense: 2801

Expertise.com Rating

Review Sources

Google
4.9 (123)

Why choose this provider?

AFC Mortgage Group has been providing its services to customers in Waterbury for over two decades. The firm works with first-time home buyers and those looking to build or refinance their homes through graduated payment, reverse, balloon, and fixed- and adjustable-rate mortgages. Its agents navigate clients throughout the process, from selecting the mortgage program that suits their needs and filing an application to closing the transaction. They also provide a wide selection of loan options, including conventional, jumbo, FHA, VA, and USDA.

  • New Construction
  • Reverse Mortgages

100 Roscommon Drive, Middletown, CT 06457
WebsiteLicense: 1067

Expertise.com Rating

Review Sources

Google
4.3 (21)

Why choose this provider?

Allied Mortgage Group serves clients throughout Waterbury and the neighboring cities. It provides a variety of loan products, including 203(k) mortgage loans for home refinancing and purchasing. It also offers adjustable-rate, fixed-rate, FHA, VA, and USDA loans. Additionally, its loan officers provide non-agency programs for borrowers with unique credit situations. The company has been catering to people's mortgage loan needs for more than 25 years. It also assists those in Florida, Massachusetts, New Hampshire, and Rhode Island.

  • 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 has been serving Waterbury and the surrounding communities since 1996. It offers refinancing and cash-out options for clients with outstanding loans on their homes. The team of mortgage officers provides advice on reverse, HELOC, and government-insured mortgages such as VA, FHA renovation, and 203K rehab programs. Private lending is also available for those who are concerned about their credit scores. Paul Martin, who owns the brokerage, personally takes care of customers’ mortgages from application to appraisal and closing.

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

Expertise.com Rating

Review Sources

Facebook
5.0 (6)

Why choose this provider?

MSI Mortgage is a brokerage serving first-time and move-up home buyers in Waterbury and the surrounding areas. Its loan officers help clients examine their mortgage needs and draft refinancing plans to reduce their interest rates over the duration of their loans. They also offer various mortgage programs, such as home equity, reverse mortgages, and construction loans, as well as VA and FHA. Since 1988, MSI Mortgage has been meeting clients' mortgage needs in the state of Connecticut.

  • Reverse Mortgages

59 East Hill Road, Canton, CT 06019
WebsiteLicense: 64369

Expertise.com Rating

Review Sources

Facebook
4.8 (32)
Google
4.6 (17)

Why choose this provider?

Ward Kilduff Mortgage, LLC helps Waterbury residents obtain refinancing loans. It has an online refinance analysis tool to assist homeowners who want to pay off their existing mortgage with a new one, lower their monthly rates, shorten their loan terms, or get cash from the equity in their home through various refinance loans. Clients can also use the tool to compare interest rates and terms to find the best option for their needs. The company offers fixed-rate, adjustable-rate, FHA, VA, and USDA loans.

  • New Construction
  • Reverse Mortgages

1400 East Main Street, Torrington, CT 06790
WebsiteLicense: 635947

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Ron Barrante is a branch manager of Norcom Mortgage who assists clients in Waterbury and neighboring locations. A licensed mortgage broker since 1994, he offers different types of mortgages to clients, such as conventional, fixed-rate, adjustable-rate, jumbo, CHEA mortgages, Norcom Dream Home Loan, and HomeFlex Home Loan. His services also include refinancing, which lowers mortgage payments, consolidates debts, and draws cash from home equity for other purposes. Norcom Mortgage has been in operation since 1989 and operates in 36 branch locations.

  • Reverse Mortgages

177 North St, Easton, CT 06612
WebsiteLicense: 118657

Expertise.com Rating

Review Sources

Google
5.0 (77)

Why choose this provider?

Private Financial Services is a family-owned and family-operated company that serves Waterbury-based clients. It has been in the field of mortgage lending for 31 years. Its services include FHA loans, USDA, HELOC, VA, renovation loans, and flex-term fixed mortgages. It also provides refinancing options to customers such as debt consolidation, cash-out refinance, and rate and term refinance. The business strives to minimize red tape when clients work towards their real estate goals. Private Financial Services is an Equal Housing Lender.

  • 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 is the median cash-out refinance loan amount in Waterbury?

    The median loan amount of hard money cash-out refinances in Waterbury is $297,500. Lenders operating in the metro typically offer a 74% loan-to-value ratio on such loans, with a mean origination fee of 3.5%. In addition, the area sees a median interest rate of 11.1% for private loans and an average term length of 16 months.

  • Who is eligible for a Waterbury FHA streamline refinance?

    In order to be eligible for a streamline refinance, FHA mortgage holders in Waterbury must be current on their mortgages and have no late payments within the past 12 months. Those who are refinancing to lower their monthly principal and interest payments or lock their adjustable rate to a fixed rate do not need to go through income, asset, or employment verifications to qualify.

  • Should Time To Own borrowers in Waterbury refinance their homes?

    Those in Waterbury 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.

  • Can Waterbury mobile homes be refinanced?

    The Connecticut Housing Finance Authority has a refinance program for Waterbury residents with mobile or manufactured homes located in a state-licensed mobile home park. While the program offers below-market interest rates and low closing costs, the borrower’s gross income must not exceed the established income limits for the area, which is $119,500 for households of one and two and $137,425 for that of three or more.

  • What are the fees associated with Waterbury mortgage refinancing?

    Homeowners in Waterbury 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. 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.