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Best Mortgage Refinance Companies in Downey, CA

Our Recommended Top 10

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Downey 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.

69Reviewed

45Curated

10Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

10842 Paramount Blvd., Downey, CA 90241
WebsiteLicense: 303729

Expertise.com Rating

Review Sources

Facebook
5.0 (46)
Yelp
5.0 (33)
Google
5.0 (16)

Why choose this provider?

New World Mortgage addresses the real estate needs of individuals and families in Downey. Its team offers home loan refinancing solutions to help buyers and investors acquire their dream properties. The agency develops strategies on how clients can restructure existing debts, lower interest rates, and extend terms for monthly payments. It processes different types of mortgage programs, such as USDA, VA, CalFHA, and jumbo loans. The company's branch manager, Luz Lluncor, brings over two decades of industry experience.

  • New Construction

8103 3rd St #1, Downey, CA 90241
WebsiteLicense: 1758296

Expertise.com Rating

Review Sources

Google
5.0 (29)
Facebook
5.0 (7)
Yelp
5.0 (4)

Why choose this provider?

Ricky Ontiveros is a mortgage consultant for Elite Mortgage Pros. He helps homeowners in Downey and its surrounding communities lower their interest rates or take cash out of their home's equity through mortgage refinancing. He also assists first-time home buyers in finding a loan program that meets their unique needs and situations. Additionally, Ricky aids seniors who are 62 years or older in understanding reverse mortgages, which would allow them to remain in their houses without making mortgage payments.

  • New Construction
  • Reverse Mortgages

6730 Florence Avenue Suite 101, Bell Gardens, CA 90201
WebsiteLicense: 2187460
Website

Expertise.com Rating

Review Sources

Google
5.0 (49)

Why choose this provider?

RGC Capital is a private money lending firm company that serves the residents in and around Downey. It offers mortgage refinancing options to home buyers who are looking to have their terms modified. Its agents specialize in alternative documentation commercial financing, and they assist clients with loans for residential, industrial, and commercial properties like hospitals, assisted-living facilities, and hotels. The company's experts have over 35 years of experience. These professionals have closed over 2,000 transactions.

  • New Construction
  • Reverse Mortgages

8255 Firestone Blvd #110, Downey, CA 90241
WebsiteLicense: 1640363

Expertise.com Rating

Review Sources

Google
5.0 (18)
Facebook
5.0 (6)

Why choose this provider?

Downey Capital Mortgage provides refinancing solutions to homeowners in the metro and nearby areas. Its loan professionals assist mortgage borrowers who are planning to refinance their primary residences, investment properties, and vacation homes. In addition, they keep clients informed of the latest mortgage trends, loan programs, and interest rates so they can make educated decisions. Through online interactive tools and calculators, the company helps clients evaluate various refinancing options and offers financial advice throughout the enrollment process.

  • Reverse Mortgages

3801 Atlantic Ave, Long Beach, CA 90807
WebsiteLicense: 1410447

Expertise.com Rating

Review Sources

Yelp
5.0 (44)
Facebook
5.0 (32)

Why choose this provider?

Bixby Knolls Mortgage caters to the needs of homeowners in and around the Downey area. It assists clients throughout the mortgage refinancing process, helping them lower interest rates. Its advisors inform clients of the interest rates they qualify for and educate them on the paperwork involved in the process. The brokerage also provides loan programs for first-time homebuyers, investors, and veterans. These include VA, jumbo, and fixed-rate loans. Bixby Knolls Mortgage, which was founded in 1989, established and operates the Bixby Knolls Broker Tour.

  • New Construction
  • Reverse Mortgages

2525 Main Street Ste 410, Irvine, CA 92614
WebsiteLicense: 1459496

Expertise.com Rating

Review Sources

Google
4.9 (53)

Why choose this provider?

American Prime Lending provides mortgage solutions for clients in Downey and nearby areas. Its mortgage experts assist in refinancing, which involves replacing the current mortgage with a new one. They recommend refinancing mortgages to lower interest rates and monthly payments. In addition, clients who refinance may withdraw money from their home's equity. The company also offers financing options for first-time homebuyers and real estate investors. Loan options include 203K loans, reverse mortgages, HARP loans, 30-year fixed mortgages, and FHA loans.

  • New Construction

17315 Studebaker Rd #300E, Cerritos, CA 90703
WebsiteLicense: 2092207

Expertise.com Rating

Review Sources

Google
5.0 (10)
Facebook
5.0 (10)

Why choose this provider?

Khan Home Loan offers refinancing services to clients in Downey. Its programs enable clients to cash out, access lower rates, and adjust terms, providing them with an opportunity to save for retirement, college funds, construction, and emergencies. It accommodates clients who want to switch to another loan type, such as VA, FHA, jumbo, USDA, reverse, and HELOC. Non-qualified mortgage programs are also offered. The company has been catering to the mortgage needs of homebuyers for over 20 years.

  • New Construction
  • Reverse Mortgages

10907 Downey Ave. #202, Downey, CA 90241
WebsiteLicense: 1526774

Expertise.com Rating

Review Sources

Google
5.0 (42)

Why choose this provider?

My Lender Camacho has been dealing with clients across Downey for over five years. The company walks homeowners through the refinancing process. It addresses their concerns involving matters like taxes and credit scores. The company also sets up loans insured or guaranteed by various government agencies—including the VA and FHA—for clients seeking to purchase properties. Bryan Camacho, its namesake, holds a bachelor's degree in economics. He partners with a range of mortgage firms, from Royal Pacific Funding to Quicken Loans.

  • New Construction
  • Reverse Mortgages

9317 Firestone Blvd, Downey, CA 90241
WebsiteLicense: 337768

Expertise.com Rating

Review Sources

Facebook
4.6 (29)
Yelp
4.5 (7)
Google
1.0 (1)

Why choose this provider?

Powerhouse Mortgage, Inc., is a Downey-based, full-service firm that caters to the home-buying needs of clients in and around the metro. The company provides refinancing solutions for clients with single and multi-family properties, townhouses, condominiums, and manufactured homes. In addition, it offers various mortgage rate options, which include fixed-rate, interest-only, graduated payments, and adjustable-rate. Powerhouse Mortgage also has loan programs such as FHA, USDA, VA, and jumbo. Other mortgage plans include conventional, commercial, and HomePath.

17000 Clark Avenue, Bellflower, CA 90706
WebsiteLicense: 342915

Expertise.com Rating

Review Sources

Google
5.0 (11)
Yelp
5.0 (4)

Why choose this provider?

Surfside Mortgage, Inc. provides services to clients throughout the Downey metro and the surrounding areas. The agency serves homeowners wishing to change their current loan terms and rates, lower their monthly payments, and reduce their interests through mortgage refinancing solutions. These services also help clients obtain cash from their home equity. In addition, its team assists individuals in purchasing condominium units, single- and multi-family homes, townhouses, and manufactured homes using mortgage loan programs, including FHA and USDA.

  • Commercial Loans
  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
New World Mortgage
10842 Paramount Blvd., Downey, CA 90241
Ricky Ontiveros
8103 3rd St #1, Downey, CA 90241
RGC Capital
6730 Florence Avenue Suite 101, Bell Gardens, CA 90201
Downey Capital Mortgage
8255 Firestone Blvd #110, Downey, CA 90241
Bixby Knolls Mortgage
3801 Atlantic Ave, Long Beach, CA 90807
American Prime Lending
2525 Main Street Ste 410, Irvine, CA 92614
Khan Home Loan
17315 Studebaker Rd #300E, Cerritos, CA 90703
My Lender Camacho
10907 Downey Ave. #202, Downey, CA 90241
Powerhouse Mortgage Inc.
9317 Firestone Blvd, Downey, CA 90241
Surfside Mortgage, Inc.
17000 Clark Avenue, Bellflower, CA 90706

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 documents do home refinance applicants in Downey need to present when acquiring a loan?

    When acquiring a new loan in Downey, refinancing applicants need to present copies of financial and identification documents, such as the driver's license and Social Security card, the last two pay stubs, tax returns, and W-2s from the previous two years, and the latest monthly mortgage statement. The individual’s homeowner insurance declaration is also useful.

  • What should a refinance applicant in Downey look into when deciding whether to get a new loan or not?

    When an applicant in Downey chooses to get a new loan or not, there is a need to look at one's credit score because it will affect the likelihood of getting favorable interest rates. The monthly payments should be examined to see if the savings will be worth it. The debt-to-income ratio is vital for determining if one laboring under a financial deficit. Also, the valuation of the home determines how expensive the loan would be.

  • How should a loan applicant in Downey perform a break-even analysis to see if refinancing is worth it?

    A loan applicant in Downey can perform a break-even analysis to see if refinancing is worth it by determining the difference between the new and old monthly rates and the fees due when paying off the old loan. The latter value must be divided by the former value, and the result is the number of months a person must stay in the home to break even.

  • Why would a borrower choose cash-out refinancing in Downey even if the new loan is technically more expensive than the old loan?

    A borrower may choose cash-out refinancing in Downey even if the new loan costs more if there is a need to get money quickly based on the equity of the home's appreciated value. Houses become more valuable over time, and a person may wish to get the monetary value of this appreciation without selling the property.

  • What are the refinancing options available to borrowers in Downey?

    Since refinancing a home loan in Downey is paying an old loan with a new loan, the refinancing options are generally the same as those for a normal loan. Military veterans retain access to products backed by Veterans Affairs, while investors in agricultural assets may choose options backed by the USDA.

  • 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.