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2024

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Best Mortgage Refinance Companies in Naperville, IL

Our Recommended Top 12

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 Naperville 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.

88Reviewed

57Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

3311 Hobson Rd Ste B, Woodridge, IL 60517
WebsiteLicense: 212085

Expertise.com Rating

Review Sources

Google
5.0 (86)
Facebook
5.0 (22)

Why choose this provider?

Brian Sewell is a branch manager at Cherry Creek Mortgage and delivers refinancing options to residents in Naperville and the neighboring communities. He and his team assist clients in re-qualifying for a new home mortgage or switching from an FHA loan to a conventional one. They guide in every step of the refinancing process, starting from need assessment and financial planning to application and closing. Sewell has been featured in the Forbes October/November 2022 issue.

  • New Construction

1811 Centre Point Drive, Suite 123, Naperville, IL 60563
WebsiteLicense: 221511

Expertise.com Rating

Review Sources

Google
5.0 (143)
Yelp
3.4 (5)
Facebook
5.0 (3)

Why choose this provider?

CIBM Mortgage, a division of CIBM Bank, assists Naperville clients, particularly homeowners, in replacing their mortgage loans with new ones in order to lower interest rates, reduce monthly payments, or consolidate debts. Its employees are well-versed in mortgage refinancing options such as cash-out and rate-and-term. They also educate clients on different loan types, including FHA, VA, Jumbo, USDA, and conventional, to help them make informed decisions. In addition, clients can be confident that CIBM Mortgage is an FDIC-insured equal housing lender.

  • New Construction
  • Reverse Mortgages

16612 W 159th St #201, Lockport, IL 60441
WebsiteLicense: 1680562

Expertise.com Rating

Review Sources

Google
5.0 (15)

Why choose this provider?

Trey McClure offers mortgage and refinancing options to house purchasers in Naperville. He has government-backed FHA and VA loans available. Cash-out refinancing options are on hand to reduce the burden of current debts. The mortgage professional also offers selections fit for real estate investors and agricultural property buyers. Trey McClure has offices in Lockport and Aurora and focuses on simplifying the bureaucratic and documentary processes of lending transactions. The agent operates under Parlay Mortgage and Property, Inc.

  • New Construction
  • Reverse Mortgages

6825 Hobson Valley Drive, Suite 201, Woodridge, IL 60517
WebsiteLicense: 203169

Expertise.com Rating

Review Sources

Google
4.6 (41)
Yelp
1.0 (1)

Why choose this provider?

Home Mortgage Solutions is an independently owned and operated brokerage that serves individuals and families in and around Naperville. It offers mortgage refinancing programs, which help lower clients' monthly rates or drop Private Mortgage Insurance. The company also assists clients with switching from an adjustable-rate mortgage to a fixed-rate mortgage. In addition, it provides home purchase loans such as conventional and FHA loans. Home Mortgage Solutions has been in business for more than two decades.

  • Commercial Loans

1111 Burlington Ave, Lisle, IL 60532
WebsiteLicense: 66247

Expertise.com Rating

Review Sources

Google
5.0 (174)
Facebook
4.9 (47)

Why choose this provider?

Cardinal Financial Company Limited Partnership provides mortgage refinancing options to clients in Naperville and nearby areas. Its home refinancing programs include conforming loans, fixed- and adjustable-rate mortgages, and USDA, VA, and FHA loans. It also offers 15- and 30-year fixed mortgages and jumbo loans. Its senior loan officers are experienced in guiding clients through the refinancing process, which includes completing the home refinance analysis request, comparing loan programs, and choosing the right mortgage for their needs.

  • New Construction

3100 W Ray Rd Ste 201, Office 209, Naperville, IL 85226
WebsiteLicense: 235349

Why choose this provider?

Michael P. Doerr is a broker and loan officer working with Nexa Mortgage to serve clients in and around Naperville. He handles a wide array of loan programs for the purchase, refinance, renovation, and construction of properties. From more common loans such as FHA, VA, and USDA to more specialized options for doctors, professionals, and those with vacant land. Michael cultivates relationships with his clients by leveraging his 20 years of experience to deliver professional service and create lasting impressions.

  • Reverse Mortgages

1723 Simms Street, Suite 201, Aurora, IL 60504
WebsiteLicense: 1680873

Expertise.com Rating

Review Sources

Google
4.7 (27)
Yelp
3.0 (2)

Why choose this provider?

Shamrock Home Mortgage is a lending specialist catering to people in Naperville. It helps clients secure financing for home purchases, refinancing, FHA, VA, fixed-rate, and adjustable-rate loans. Its lending officer Ryan Carrigan began a career in investment banking after obtaining his degree in finance. Ryan manages the entirety of the loan process and seeks the lowest available interest rates. He and his team focus on details that usually stress borrowers when working with large mortgage lenders.

  • Reverse Mortgages

1624 Ogden Avenue, Lisle, IL 60532
WebsiteLicense: 116036

Expertise.com Rating

Review Sources

Google
4.8 (52)
Facebook
5.0 (6)

Why choose this provider?

Fortune Mortgage Company serves clients throughout Naperville and neighboring areas. One of its services is mortgage refinancing, with its team offering full guidance to individuals interested in exchanging their current mortgage for a new one to benefit from reduced interest rates, consolidating debts, or cashing out. The company additionally offers various loan program options, such as FHA, Fannie Mae, jumbo, adjustable-, and fixed-rate loans. Fortune Mortgage Company has been in operation since 1991 and also maintains an office in Oregon.

1601 N Bond St Suite 316, Naperville, IL 60563
WebsiteLicense: 203463

Expertise.com Rating

Review Sources

Google
5.0 (26)
Facebook
4.6 (16)
Yelp
3.0 (2)

Why choose this provider?

The Frio Team serves clients across the Naperville metro and the surrounding areas. It aims to help individuals lower their interest rates, take cash out for home improvement, reduce monthly payments, and change rates and terms through mortgage refinancing services. It also caters to clients who wish to purchase residential properties, such as single- and multifamily homes, condominium units, townhouses, and manufactured homes, using mortgage loan programs. The agency partners with the Allied First Bank.

  • Reverse Mortgages

3200 S. Oak Park Avenue, Suite D, Berwyn, IL 60402
WebsiteLicense: 1783284

Expertise.com Rating

Why choose this provider?

Compass Mortgage Berwyn provides services to clients in Naperville and the surrounding areas. It serves individuals wishing to apply for a conventional refinance loan to help lower their interest rates, pay interest debts, use equity to borrow cash, and eliminate mortgage insurance. It also caters to clients wanting to use loan products, such as VA, FHA, and conventional, to purchase new homes. The company has other branches in different states, including Florida, Arizona, Colorado, Indiana, Washington, and South Carolina.

  • New Construction
  • Reverse Mortgages

2272 95th St., Suite 205, Naperville, IL 60564
WebsiteLicense: 406245

Expertise.com Rating

Review Sources

Google
5.0 (13)

Why choose this provider?

Dale Noble offers financing solutions to first-time homebuyers and those looking to refinance their mortgages. The refinancing options he provides include conventional, VA, FHA, and USDA-guaranteed loans. In addition, he assists clients with mortgages intended for property renovations through the standard 203(k) program. Noble is the Naperville branch manager of The Money Store, a mortgage banking company that has been in business for over 40 years. It supports equal housing opportunity and is a member of the Mortgage Bankers Association.

  • New Construction

4225 Naperville Rd Ste 125, Lisle, IL 60532
WebsiteLicense: 305283

Expertise.com Rating

Review Sources

Google
4.9 (86)
Facebook
5.0 (17)

Why choose this provider?

Carin Buchanan is a NMLS-certified consultant working with loanDepot. She has been in the industry for over 28 years and with loanDepot for over five years. She has guided first-time and seasoned homebuyers in Naperville and the surrounding communities through the process of loan application and refinancing. She assists clients with ARM loans and fixed-rate mortgages. Through loanDepot, Cari also offers special loan programs for active military servants and veterans. In addition, she works with real estate brokers and agents.

  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Brian Sewell
3311 Hobson Rd Ste B, Woodridge, IL 60517
CIBM Mortgage
1811 Centre Point Drive, Suite 123, Naperville, IL 60563
Trey McClure
16612 W 159th St #201, Lockport, IL 60441
Home Mortgage Solutions
6825 Hobson Valley Drive, Suite 201, Woodridge, IL 60517
Cardinal Financial Company Limited Partnership
1111 Burlington Ave, Lisle, IL 60532
Michael P. Doerr
3100 W Ray Rd Ste 201, Office 209, Naperville, IL 85226
Shamrock Home Mortgage
1723 Simms Street, Suite 201, Aurora, IL 60504
Fortune Mortgage Company
1624 Ogden Avenue, Lisle, IL 60532
The Frio Team
1601 N Bond St Suite 316, Naperville, IL 60563
Compass Mortgage Berwyn
3200 S. Oak Park Avenue, Suite D, Berwyn, IL 60402
Dale Noble
2272 95th St., Suite 205, Naperville, IL 60564
Carin Buchanan
4225 Naperville Rd Ste 125, Lisle, IL 60532

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 can you quickly calculate the break-even point in a refinance in Naperville?

    The closing cost, which is 2% to 6% of the loan amount, can be used to calculate the break-even point, or the time it takes to recover the costs of refinancing in Naperville. Divide the total cost by the amount you will be able to save each month to get the number of months required to pay off the refinancing cost. Typically, the closing cost includes origination and application fees.

  • Can getting a refinance affect your income taxes in Naperville?

    If you refinance and your monthly mortgage payments decrease, your income taxes in Naperville may rise. This is because you will have less interest to deduct from your tax returns. When you get a lower-interest mortgage, this happens. However, if you obtain a cash-out refinance, you do not need to report the money as additional income on your tax returns because the IRS considers it to be a debt.

  • Do you have to notify the county appraiser if the value of your home changes after an appraisal during a refinance in Naperville?

    Yes, because this will affect your Naperville property tax bill. If you refinance and discover that your home's value has decreased during the appraisal, send the appraisal report to the township office and file a reduction request on the value's assessment. For more information, call the DuPage Township Assessor's Office at 630-759-1315. Their office is located at 241 Canterbury Ln, Bolingbrook, IL 60440.

  • Will you get a check during closing when you refinance in Naperville?

    In some cases, you will not. This is because you have three business days after closing to cancel your refinance agreement. Following the expiration of this period, your closing attorney or agent in Naperville will receive the check from your new lender. Before the remaining amount can be sent to you as a check, the payout must be recorded on the mortgage and used to pay off the old mortgage.

  • 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.