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Best Mortgage Refinance Companies in Waukegan, IL

Our Recommended Top 13

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Waukegan 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.

58Reviewed

40Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2057 Green Bay Road, Highland Park, IL 60035
WebsiteLicense: 227765

Expertise.com Rating

Review Sources

Google
4.7 (49)

Why choose this provider?

The Mindful Mortgage Team offers various financial solutions for borrowers in Waukegan. It has refinancing options for homeowners who want to reduce their monthly payments or those eyeing to pay off outstanding debts. The team serves those seeking FHA, VA, first-time homebuyers, and fixed-rate loans. It also has special programs for doctors and residents, as well as those seeking low down payment options. Mindful Mortgage was established by David Goldhirsh, who has been in the industry for more than 20 years.

  • Reverse Mortgages
  • New Construction

533 N. Milwaukee Ave., Libertyville, IL 60048
WebsiteLicense: 186805

Expertise.com Rating

Review Sources

Google
4.9 (68)
Facebook
4.9 (67)
Yelp
5.0 (3)

Why choose this provider?

Diamond Residential Mortgage Corporation assists Waukegan clients throughout the loan process, helping those seeking to refinance their outstanding loans. Its team provides different loan programs, such as ARM, conforming, conventional, FHA, jumbo, and VA options. Whether for purchasing dream homes or consolidating debts, the mortgage broker offers solutions tailored to clients’ financing needs. It streamlines the mortgage process by striving to pre-approve borrowers within an hour. The company operates in the states of Illinois, Florida, and Wisconsin.

  • Reverse Mortgages

1020 Milwaukee Ave., Deerfield, IL 60015
WebsiteLicense: 231718

Expertise.com Rating

Review Sources

Google
5.0 (17)
Facebook
5.0 (11)
Yelp
5.0 (8)

Why choose this provider?

Infiniti Financial Group, Inc., is a mortgage brokerage that serves homeowners in Waukegan and the neighboring locations. It offers customers mortgage programs, including refinancing options and home purchase financing. Its team of mortgage brokers has experience using comparative analysis software to research and compare loan programs. When helping customers choose home loans, they take into consideration their history, finances, and needs. Infiniti Financial Group has been helping clients with their mortgage refinancing needs for more than 10 years.

  • New Construction

495 N Riverside Dr Ste 206, Gurnee, IL 60031
WebsiteLicense: 217561

Expertise.com Rating

Review Sources

Facebook
5.0 (3)

Why choose this provider?

Mike Vrba is a loan officer who delivers home purchasing and refinancing solutions to residents in the area of Waukegan. He focuses on assessing the financial situation to determine the impact of the loan on his clients' debts and investments. He conducts face-to-face planning sessions that educate and guide customers on how mortgages can help improve their wealth and liquidity. With over 10 years of industry experience, Mike has gained access to more than 30 mortgage companies that offer choices for various rates.

  • New Construction
  • Reverse Mortgages

510 W. Northwest Highway, Mount Prospect, IL 60056
WebsiteLicense: 893511

Expertise.com Rating

Review Sources

Google
4.9 (68)
Yelp
5.0 (17)

Why choose this provider?

The Mortgage Marketplace assists Waukegan residents who want to finance a new home or refinance an existing loan. Its team provides home refinancing for single and multi-family homes, townhomes, condominiums, and prefabricated homes. In addition, the group provides various loan options for new house buyers. Adjustable-rate mortgages are loans with variable interest rates that alter over the life of the loan. Additional mortgage products offered by the company include fixed-rate, graduated payment, and interest-only loans.

  • Reverse Mortgages

421 N. Northwest Hwy, Suite 16, Barrington, IL 60010
WebsiteLicense: 280587

Expertise.com Rating

Review Sources

Google
5.0 (32)

Why choose this provider?

AmeriFinancial Home Mortgage, Inc., assists individuals and families in the Waukegan area in achieving their financial goals. It guides clients through the whole refinance process so that they can reduce the interest rates on their mortgages, lower monthly payments, consolidate debts, and cash out equity for home improvements. It also discusses the pros and cons of various loan programs for purchasing single-family homes, condominiums, townhouses, or multi-family units. AmeriFinancial Home Mortgage collaborates with more than 100 different investors.

  • Reverse Mortgages

800 E Northwest Hwy, Suite 718,, Palatine, IL 60074
WebsiteLicense: 1911662

Expertise.com Rating

Review Sources

Google
4.0 (6)

Why choose this provider?

Flagship Lending is a mortgage venture serving Waukegan real estate partners, homeowners, and first-time homebuyers with loans and refinancing needs. Through refinance, clients can save on their current mortgage based on a lower interest rate. The company also offers loans for investment properties in the forms of commercial real estate and residential mortgage according to property characteristics and borrower type. Principal loan officer Yan Guo started in the industry in 2017 as a mortgage loan processor before becoming a licensed mortgage loan originator.

  • New Construction

419 Center St Suite A, Grayslake, IL 60030
WebsiteLicense: 527232

Expertise.com Rating

Review Sources

Google
5.0 (41)
Yelp
5.0 (4)

Why choose this provider?

Jim Strachan Mortgage Team serves Waukegan homeowners and buyers. It offers an array of mortgage options to meet different needs, including refinancing, VA, USDA, and FHA loans. The team caters to a varied clientele, from first-time homebuyers to refinancers seeking to cash out funds for a home renovation. Jim has been in the mortgage industry since 1997. Jim and his team use their experience as well as current mortgage tools to find the loan that suits the client's needs.

  • New Construction

378 Park Avenue, Unit 2E, Glencoe, IL 60022
WebsiteLicense: 1707065

Expertise.com Rating

Review Sources

Facebook
5.0 (13)

Why choose this provider?

Bander Mortgage serves individuals and families in and around the Waukegan metro. Its mortgage officers aim to walk clients through the refinancing process quickly, efficiently, and confidently by offering a wide selection of loan products and helping them compare interest rates and terms. The Shining Star Hero Program is one of the ways the company serves the community. It offers incentives to local heroes, including doctors, teachers, police officers, and military personnel, so that they may buy or refinance a property at a reduced rate.

  • Reverse Mortgages

150 E. Cook Ave., Libertyville, IL 60048
WebsiteLicense: 326044

Expertise.com Rating

Review Sources

Google
5.0 (299)

Why choose this provider?

Matt Brua serves residents of Waukegan who are in the market for mortgages and refinancing. He is a branch manager serving under the Fairway Independent Mortgage Corporation, restructuring existing obligations into more manageable forms with less onerous provisions. Loan options are available for new buyers and renovators. The office also has educational modules on hand to educate first-time purchasers, current owners, and real estate agents on the finer points of the lending industry. Matt has been a mortgage advisor for over 25 years.

  • New Construction

1000 Skokie Blvd Suite 570, Wilmette, IL 60091
WebsiteLicense: 803635

Expertise.com Rating

Review Sources

Google
4.5 (34)
Facebook
5.0 (19)
Yelp
4.5 (13)

Why choose this provider?

Dimension Mortgage Corp. serves Waukegan clients. The company helps both first-time and experienced homebuyers compare mortgage options on the market, such as fixed-rate, ARM, conforming, Jumbo or Super Jumbo, and government loans like FHA and VA. Its mortgage brokers also educate clients on the differences between refinancing programs, which allow them to reduce monthly payments, shorten loan terms, and consolidate debt. The company works to close loans quickly by assisting clients in overcoming mortgage challenges and providing the most practical deal on the market.

  • Reverse Mortgages

1311 S. Route 59, Naperville, IL 60564
WebsiteLicense: 1974195

Expertise.com Rating

Why choose this provider?

Andrey Puzanov, a loan officer at Movement Mortgage, assists clients looking to buy, refinance, or build their homes in Waukegan and the neighboring metros. His mortgage refinancing options, such as streamline and cash-out refinance, help those with existing mortgages lower their monthly payments, get a better term, or take out cash from equity. Other loan programs like conventional, jumbo, FHA, VA, USDA, and new construction are also available for first-time homebuyers. Puzanov assists clients in every step of the mortgage process, from pre-approval to closing.

  • New Construction
  • Reverse Mortgages

111 Barclay Boulevard, Suite 205, Lincolnshire, IL 60069
WebsiteLicense: 2090634

Expertise.com Rating

Review Sources

Google
5.0 (50)

Why choose this provider?

Homz Mortgage caters to clients in Waukegan who need to refinance debts or obtain new purchase loans. It swaps burdensome current obligations for alternatives with more generous terms and conditions. The team has lending options tailored to buyers of single-family homes, multi-unit buildings, and condominium assets across two states. Homz Mortgage's managing partner, Eric M. Goldstein, is a veteran of the banking sector and has worked for known names such as Citigroup and Bank of America.

  • New Construction
  • Reverse Mortgages

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
The Mindful Mortgage Team
2057 Green Bay Road, Highland Park, IL 60035
Diamond Residential Mortgage Corporation
533 N. Milwaukee Ave., Libertyville, IL 60048
Infiniti Financial Group Inc.
1020 Milwaukee Ave., Deerfield, IL 60015
Mike Vrba
495 N Riverside Dr Ste 206, Gurnee, IL 60031
The Mortgage Marketplace
510 W. Northwest Highway, Mount Prospect, IL 60056
Amerifinancial Home Mortgage Inc.
421 N. Northwest Hwy, Suite 16, Barrington, IL 60010
Flagship Lending
800 E Northwest Hwy, Suite 718,, Palatine, IL 60074
Jim Strachan Mortgage Team
419 Center St Suite A, Grayslake, IL 60030
Bander Mortgage
378 Park Avenue, Unit 2E, Glencoe, IL 60022
Matt Brua
150 E. Cook Ave., Libertyville, IL 60048
Dimension Mortgage Corp.
1000 Skokie Blvd Suite 570, Wilmette, IL 60091
Andrey Puzanov
1311 S. Route 59, Naperville, IL 60564
Homz Mortgage
111 Barclay Boulevard, Suite 205, Lincolnshire, IL 60069

Waukegan, IL Mortgage Refinance FAQs

  • Do borrowers in Waukegan need pay closing costs to refinance a mortgage?

    Yes, Waukegan borrowers must cover the closing expenses when replacing or refinancing a mortgage. The typical closing costs in Illinois are significantly lower than the national average. According to a 2021 analysis by ClosingCorp, the majority of the time, the average closing expenses were roughly $1,955 with taxes and $1,374 without taxes.

  • What effects does a refinance mortgage in Waukegan have on a person's credit score?

    Opting for a refinance in Waukegan might temporarily lower the borrower's credit score. When lenders run a credit-checking hard inquiry during refinancing, the borrower's score may reduce by roughly 5 points, unless confined within a 2-week window. Thus, grasping credit dynamics and strategically timing inquiries can notably impact refinancing outcomes.

  • What extra expenses will be included in the refinance closing costs in Waukegan?

    Additional expenses associated with closing costs for mortgage refinancing in Waukegan encompass:

    • Appraisal cost.
    • Application expenses.
    • Homeowners' and title insurance.
    • Title search fee.
    • Origination fee.
    • Home inspection cost.
    • Survey fee.
    • Recording cost.
    • Attorney fee. Ascertaining these prospective costs proves vital when evaluating the prospect of mortgage refinancing, as their cumulative impact contributes significantly to the overall expenses associated with the process.
  • What happens if the borrower in Waukegan does not have enough cash on hand to cover the entire cost of refinancing a mortgage?

    If borrowers in Waukegan are short on funds, they may want to consider refinance with no closing costs. With a no-closing-cost refinance, the existing mortgage can be replaced with a new one without paying any upfront costs. However, a no-closing-cost refinance is not entirely free because the lender would either charge the borrower a higher interest rate or add the closing expenses to the new loan sum.

  • Can residents of Waukegan negotiate a refinance mortgage closing cost?

    Waukegan residents have the option of negotiating a better deal for the refinancing expenses they need to cover. Particularly, lender might lower or eliminate some charges like application or origination fees. Additionally, since appraisals are no longer the standard choice, the borrower might be able to request an appraisal waiver or select a less expensive method of value.