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Best Mortgage Refinance Companies in Chicago, IL

Our Recommended Top 11

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 Chicago 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.

1498Reviewed

903Curated

11Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2409 W 104th St., Chicago, IL 60655
WebsiteLicense: 215685

Expertise.com Rating

Review Sources

Google
5.0 (173)

Why choose this provider?

Corby Mortgage Services, Inc., has been serving Chicago clients and those in nearby metros since 1999. Its staff assists homeowners looking to refinance their residences at lower rates to pay off higher-interest debts. With an annual loan volume average of $200 million, it offers residential mortgages through the company's referrals from attorneys, financial planners, and real estate professionals. It educates individuals on its selection of available options such as fixed and adjustable-rate mortgages, as well as FHA, jumbo, and VA loans.

  • Multi-Family Loans

1 Mid America Plaza #800, Oakbrook Terrace, IL 60181
WebsiteLicense: 222644

Expertise.com Rating

Why choose this provider?

Neo Home Loans serves home buyers and homeowners in the Chicago metro. The company offers a variety of home loan and refinancing options to fit different client profiles, including FHA, VA, jumbo, 203(k), and HARP loans. It assists homeowners looking to refinance their properties by finding loan options that fit their specific criteria. The company works to make the process more convenient by using tools that let clients easily compare mortgage terms and interest rates between multiple loan choices.

  • New Construction

1551 N Kingsbury Street, Chicago, IL 60642
WebsiteLicense: 906096

Expertise.com Rating

Why choose this provider?

Michael Reimen is a senior home lending advisor with over 16 years of experience in mortgage refinancing. His service areas include Chicago and nearby cities where he reviews the finances of his clients and gives them coverage options that suits their budget and needs. His mortgage products include conventional, jumbo, dreaMaker, FHA, and VA loans. Clients can access the Chase MyHomeSM dashboard to check and upload their documents, view their loan status, and reach out to the communication team.

  • Multi-Family Loans

Chicago, IL 60605
WebsiteLicense: 114937

Expertise.com Rating

Review Sources

Yelp
5.0 (22)

Why choose this provider?

Golden Oak Lending is a mortgage and real estate finance firm that specializes in mortgage refinancing options for clients in the Chicago metro. The company is composed of NMLS certified loan officers committed to providing personalized mortgage strategies that fit the clients' needs. It has extensive experience helping clients reduce their mortgage rates and shorten their mortgage terms. It also offers programs that help consolidate debt, refinance for home improvements, and convert adjustable rates into fixed rates.

  • Reverse Mortgages
  • NMLS #: 39166

3516 North Ashland Ave, Unit C, Chicago, IL 60657
WebsiteLicense: 186422

Expertise.com Rating

Review Sources

Google
5.0 (37)
Facebook
5.0 (21)
Yelp
5.0 (14)

Why choose this provider?

Network Mortgage is a locally owned company that has been serving clients in Chicago for over twenty years. It provides loan origination, processing, and closing services. Its offers fixed-rate and adjustable-rate mortgages, as well as VA, commercial, jumbo, and HELOCs. Its agents assist in refinancing properties to get lower interest rates or cash out to obtain money. Network Mortgage is headed by Juan F. Lopez, who has earned the National Association of Mortgage Brokers' Lending Integrity Seal.

  • New Construction

415 N. LaSalle Street Suite 402, Chicago, IL 60654
WebsiteLicense: 230942

Expertise.com Rating

Review Sources

Google
5.0 (244)
Yelp
5.0 (43)

Why choose this provider?

Mike Del Preto is a Chicago-based senior mortgage advisor affiliated with Fairway Independent Mortgage Corporation. He walks clients through each step of any mortgage refinancing process, from comparing current mortgage rates to explaining all possible refinancing options in detail. He also provides a variety of options, such as VA, FHA, and jumbo loan services. Del Preto has more than 16 years of experience in the industry and has helped clients by obtaining pre-approval letters for their mortgage plans.

  • Jumbo Loans
  • First Time Home Buyers
  • Education

954 West Washington Boulevard, Chicago, IL 60607
WebsiteLicense: 21808

Expertise.com Rating

Review Sources

Yelp
5.0 (9)

Why choose this provider?

Compass Mortgage Inc. is a Chicagoland-based company that serves residents with comprehensive mortgage services. The mortgage officials on staff help clients benefit from low interest rates and extend or shorten loan terms by refinancing their mortgages. Compass Mortgage Inc. also assists individuals in buying a second or vacation home, upsizing or downsizing their property, renovating homes, and building new dwellings. They highly value providing the best mortgage experience in the industry, working with diligent care to make sure each person has the right loan for their individual circumstances.

  • Reverse Mortgages
  • NMLS #: 39166

100 W. Randolph, 9th Floor, Chicago, IL 60601
WebsiteLicense: 268815

Why choose this provider?

Police Mortgage is a company that caters to customers in Chicago and its neighboring areas. It offers home refinancing loans to clients to help them achieve their financial goals. It has strategies to lower monthly payments, make loan terms shorter, acquire fixed rates, consolidate debt, and access equity. The company also provides loans for buyers of new homes. The CEO and owner, John Aretos, has been in the industry for more than 23 years.

  • New Construction

2421 North Ashland Avenue, Chicago, IL 60614
WebsiteLicense: 135321

Expertise.com Rating

Review Sources

Yelp
4.5 (12)

Why choose this provider?

Anderson Financial Group, Inc. is a mortgage refinancing company serving clients in Chicago and the nearby areas since 1998. It provides various loan programs, including graduated payment, interest-only, fixed and adjustable-rate, and reverse mortgages. It conducts its business practices with the highest standards set by the FNMA and GNMA. The firm utilizes cutting-edge technology to provide a smooth and easy application. Founder Mike Anderson is an experienced loan originator who became a top producer in the new construction financing field.

  • Reverse Mortgages
  • NMLS #: 39166

1333 Butterfield Rd Suite 600, Downers Grove, IL 60515
WebsiteLicense: 222982

Expertise.com Rating

Why choose this provider?

Neighborhood Loans is a team of mortgage advisors that assists home buyers and owners in Chicago and the surrounding areas. They provide guidance in the mortgage refinancing process, whether clients are looking to lower monthly payments, eliminate mortgage insurance, switch to a fixed-rate loan, or take cash out from home equity. They also help clients apply for different loans, ranging from conventional, adjustable-rate, and jumbo mortgages to VA, FHA, and USDA loans. Neighborhood Loans consults and educates customers on the value of homeownership.

  • Reverse Mortgages

190 S La Salle St 6th Floor, Chicago, IL 60603
WebsiteLicense: 223014

Expertise.com Rating

Review Sources

Google
5.0 (72)

Why choose this provider?

Corbin Mettler is a mortgage loan officer who helps residents of Chicago and the surrounding metros with their home financing needs. He offers an assortment of refinance and mortgage loan packages, including conventional fixed-rate, adjustable-rate, FHA, VA, and jumbo mortgage. He also provides assistance in any part of the home buying process and responds to queries such as the type of mortgage that best suits a client’s needs. Corbin Mettler works for US Bank.

  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Corby Mortgage
2409 W 104th St., Chicago, IL 60655
Neo Home Loans
1 Mid America Plaza #800, Oakbrook Terrace, IL 60181
Michael Reimen
1551 N Kingsbury Street, Chicago, IL 60642
Golden Oak Lending
Chicago, IL 60605
Network Mortgage
3516 North Ashland Ave, Unit C, Chicago, IL 60657
Mike Del Preto
415 N. LaSalle Street Suite 402, Chicago, IL 60654
Compass Mortgage Inc. - Chicago
954 West Washington Boulevard, Chicago, IL 60607
Police Mortgage
100 W. Randolph, 9th Floor, Chicago, IL 60601
Anderson Financial Group, Inc.
2421 North Ashland Avenue, Chicago, IL 60614
Neighborhood Loans
1333 Butterfield Rd Suite 600, Downers Grove, IL 60515
Corbin Mettler
190 S La Salle St 6th Floor, Chicago, IL 60603

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.
  • How much does it cost to hire a mortgage broker in Chicago?

    Mortgage brokers in Chicago typically charge commissions based on the size of the loan acquired. They typically charge a loan origination fee of 1% of the mortgage amount, allowing borrowers to avoid paying a large amount of money up front. However, this fee structure has the potential to raise mortgage loan interest rates. Mortgage brokers in Chicago, on the other hand, earn an average base salary of $117,104 per year.

  • When to consider refinancing a mortgage in Chicago?

    Residents of Chicago who intend to keep their new mortgage for two or more years should consider refinancing because the closing costs are lower than when they first purchased their property. The best time to refinance a mortgage is when the market interest rate is lower or before an adjustable-rate mortgage's payment increases. Individuals with home equity in Chicago may also consider refinancing their mortgage to obtain a lower interest rate for home improvements.

  • How can a mortgage broker assist applicants in choosing their loan program in Chicago?

    Mortgage brokers in Chicago offer consultation to determine how long borrowers intend to stay in their homes, take current interest rates into account, and meet their clients' financial goals. They may advise people who intend to stay in their home for an extended period of time to consider refinancing to fixed-rate terms to protect themselves from market fluctuations and eliminate private mortgage insurance. Mortgage brokers can also assist applicants in obtaining necessary documents such as credit reports and income statements.

  • What is the required credit score for a jumbo loan in Chicago?

    Individuals with $1 million to $2 million jumbo loans in Chicago must have a credit score of 720. Those who have had a foreclosure, a deed in lieu of foreclosure, or a bankruptcy history, regardless of credit score, cannot apply for a jumbo loan. The credit score for jumbo loans in Chicago is based on the Experian, Equifax, and Transunion reported median score.

  • Where to refinance a unit purchased from the Chicago Partnership for Affordable Neighborhoods?

    Individuals interested in refinancing their Chicago Partnership for Affordable Neighborhoods unit should contact the Chicago Low Income Housing Trust Fund at jason.sethen@clihtf.org. Documents required by Chicago's Department of Housing (DOH) include a copy of the signed loan estimate for the new mortgage, a signed subordination request letter from the new lender, and a pay-off letter. However, the DOH does not permit cash-out refinancing on low-income housing.

  • 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.