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2024

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Best Mortgage Refinance Companies in Lexington, KY

Our Recommended Top 11

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 Lexington 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.

158Reviewed

99Curated

11Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

88 C Michael Davenport Blvd, Frankfort, KY 40601

Expertise.com Rating

Review Sources

Facebook
4.9 (466)
Google
4.9 (66)
Yelp
5.0 (1)

Why choose this provider?

Stockton Mortgage has been serving clients in Lexington since 2001. Its team helps homeowners who want to organize their finances by changing the terms of their property loans, leading to reduced monthly payments and lower interest rates. The company also offers a wide range of mortgages for new home buyers, such as FHA, USDA, VA, and conventional. In addition, clients can get loans for property renovations. The company was founded in 2001 and operates in 23 states.

  • New Construction

110 E Main St #107, Georgetown, KY 40324

Expertise.com Rating

Review Sources

Google
5.0 (39)

Why choose this provider?

Just 4 You Home Loans caters to the lending needs of clients in Lexington and the surrounding areas. It provides prospective borrowers with refinancing services for various purposes, including debt consolidation, home improvement, and education funding. Refinance programs to lower interest rates, pay off balloon payments, convert adjustable-rate loans to fixed-rate loans, and extract cash equity are available. Loan options on offer include FHA, VA, and USDA RHS. The agency works with over 100 investors.

141 Prosperous Place, Suite 25, Lexington, KY 40509

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

The Blair Team is a group of mortgage professionals serving Lexington and its surrounding communities through EMB Lenders. It assists individuals in different aspects of home purchasing and refinancing which involve first-time home buying, investment properties, new construction, downpayment assistance, and credit counseling and repair. A variety of loan programs is available, including VA, FHA, USDA, conventional, jumbo, and reverse mortgages. The team helps clients structure a loan that fits their needs and goals and guides them throughout the process.

1084 East New Circle Road, Lexington, KY 40505
WebsiteLicense: 22435

Expertise.com Rating

Review Sources

Google
5.0 (111)
Facebook
4.7 (44)
Yelp
5.0 (5)

Why choose this provider?

Bradley Hacker is a senior mortgage planner who leads Benchmark Mortgage. Serving for nearly 20 years, he extends his assistance to homeowners, first-time homebuyers, and borrowers with credit challenges in Lexington. H also handles foreclosures and refinancing processes, as well as provides lending options for residential renovation projects. In its mission to support US veterans, his company has a team of VA home loan specialists and has previously hosted a charity event to support veteran groups.

  • New Construction

3270 Blazer Parkway, Lexington, KY 40509
WebsiteLicense: 916451

Expertise.com Rating

Review Sources

Yelp
5.0 (2)

Why choose this provider?

MSI Lending of Lexington is a mortgage refinancing firm that guides clients through home loans and mortgage refinancing programs. The company is composed of NMLS certified loan specialists that are committed to providing personalized solutions to clients. It has a proven track record of helping clients reduce mortgage payments, cash-out equities, and shorten mortgage terms in the past. The firm also helps clients create additional cash flow channels through debt consolidation and conversion from adjustable to fixed mortgage rates.

  • Reverse Mortgages
  • NMLS #: 39166

1030 Monarch St, Suite 330, Lexington, KY 40513

Expertise.com Rating

Review Sources

Google
5.0 (12)
Yelp
5.0 (1)

Why choose this provider?

Sun Lending USA is a mortgage bank that offers loans to individuals in Lexington planning to purchase a home or refinance one. Its mortgage rates vary from fixed-rate, adjustable-rate, interest-only to graduated payments. Borrowers can avail of a home loan type that appropriates their situations. For example, veterans can buy a house through a VA loan program that does not require a downpayment. The loan officers help clients in qualifying for and obtaining a suitable amount. The firm serves all counties of Kentucky.

  • Reverse Mortgages

220 Lexington Green Circle, Lexington, KY 40503
WebsiteLicense: 415603

Expertise.com Rating

Review Sources

Google
5.0 (44)
Facebook
5.0 (2)
Yelp
5.0 (1)

Why choose this provider?

Mark Sammons is a loan officer for PrimeLending, a mortgage refinancing company. He has been offering his services in Lexington, Central Kentucky, and the nearby areas for over 15 years. He offers various products and services such as FHA mortgages, USDA loans, VA loans, downpayment assistance, and mortgage credit certificates. Mark also helps clients looking to convert a portion of their home's equity into cash. Clients who are looking to change their loan from an adjustable-rate mortgage to a fixed-rate loan can also seek his assistance.

  • Reverse Mortgages
  • New Construction
  • Multi-Family Loans

1099 Duval Street, 2nd Floor, Lexington, KY 40515

Expertise.com Rating

Review Sources

Google
4.9 (49)
Facebook
5.0 (8)

Why choose this provider?

Marcos Volpini is a mortgage consultant at Prosperity Home Mortgage, LLC, who extends support to Lexington clients needing refinancing. It has a program called FHA Streamline that allows qualified borrowers to refinance an existing FHA mortgage loan. The company also offers standard or government-issued loans including VA, fixed, and adjustable mortgage programs. Prosperity Home Mortgage, LLC offers real estate investor loan programs wherein rental income may be used to qualify a borrower for a conforming fixed-rate investment loan by not having a current lease and rental history on a property.

  • New Construction

1795 Alysheba Way, Lexington, KY 40509
WebsiteLicense: 9601

Expertise.com Rating

Review Sources

Google
4.8 (29)
Facebook
4.5 (15)

Why choose this provider?

Interstate Mortgage is a Lexington-based company that provides mortgage refinancing services to homeowners. The team evaluates mortgage requirements and designs a plan depending on the client's needs. It also works on decreasing the interest rates of existing home mortgages so homeowners can pay less over the life of the loan, turn an adjustable-rate mortgage into a fixed-rate one, and even reduce the term of the loan. Additionally, the company handles HARP Phase 2 loans, a government-supported mortgage program.

  • Multi-Family Loans

2357 Huguenard Drive, Lexington, KY 40503
WebsiteLicense: 65084

Expertise.com Rating

Review Sources

Google
4.9 (189)
Facebook
5.0 (22)

Why choose this provider?

HomeTown Lenders provides mortgage refinancing for people in Lexington and other parts of Kentucky. The company specializes in mortgage loans and mortgage planning. It caters to clients who are home buyers and real estate agents. Branch manager Eric Kimble is recommended by numerous clients as their go-to mortgage professional. He has years of experience in the industry and has served thousands of clients in the state. He specializes in financial consultations, mortgage planning, and mortgage loans.

  • Multi-Family Loans

2333 Alexandria Drive, Lexington, KY 40509

Expertise.com Rating

Why choose this provider?

Michael Russell is a mortgage loan originator working for CBGC Mortgage. He helps individuals in Lexington and the surrounding communities requiring assistance in refinancing a mortgage. Michael provides guidance on how to take cash out to pay a high-interest debt or renovate a home, refinance to a lower payment to save for education or plan for retirement, and convert to a shorter term to reduce interest. He also helps with debt consolidation and private mortgage insurance elimination.

  • Multi-Family Loans

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Stockton Mortgage
88 C Michael Davenport Blvd, Frankfort, KY 40601
Just 4 You Home Loans
110 E Main St #107, Georgetown, KY 40324
The Blair Team
141 Prosperous Place, Suite 25, Lexington, KY 40509
Bradley Hacker
1084 East New Circle Road, Lexington, KY 40505
MSI Lending of Lexington
3270 Blazer Parkway, Lexington, KY 40509
Sun Lending USA
1030 Monarch St, Suite 330, Lexington, KY 40513
Mark Sammons
220 Lexington Green Circle, Lexington, KY 40503
Marcos Volpini
1099 Duval Street, 2nd Floor, Lexington, KY 40515
Interstate Mortgage
1795 Alysheba Way, Lexington, KY 40509
HomeTown Lenders
2357 Huguenard Drive, Lexington, KY 40503
Michael Russell
2333 Alexandria Drive, Lexington, KY 40509

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 refinance an existing mortgage in Lexington?

    The usual expenses for closing on mortgage refinancing in Lexington and across the state vary between $2500 and $3500. Nevertheless, each deal is unique, and the expenses for refinancing will vary accordingly. These variations are influenced by multiple factors, including the loan amount, loan type, and cost of the property appraisal. In many cases, a significant portion of the closing costs can be rolled into the loan refinance, thus reducing the homeowner's upfront expenses.

  • Can paying discount points lower the refinance interest rates of Lexington homeowners?

    Opting to pay discount points has the potential to reduce refinance interest rates and may enable homeowners in Lexington to access higher loan amounts. Nevertheless, if one plans to remain in the property for just a short period, such as a year or two, the monthly savings might not be able to recover the upfront cost of these discount points. Deciding whether it's prudent to pay points to secure a lower rate hinges on the homeowner's specific circumstances.

  • How does credit score influence the interest rate that lenders offer to Lexington homeowners?

    Lexington homeowners with higher credit scores are eligible for reduced interest rates. The lender establishes the lowest acceptable credit score for refinancing, which can also be impacted by the loan category borrowers are seeking. For instance, a minimum score of 620 is necessary for a conventional refinance. In contrast, loans backed by the Federal Housing Administration can be accessible with a score as low as 580. To secure the most favorable rates, a borrower typically requires a credit score of 740 or higher.

  • What is the average timeframe for completing a mortgage refinance in Lexington?

    Typically, it takes around 30 to 45 days on average to complete the origination, processing, and closure of a refinanced home loan in Lexington and other areas of Kentucky. The duration necessary to finalize a mortgage refinance can differ depending on the type of lender the borrower is working with, the complexity of the homeowner’s financial circumstances, and the current quantity of refinance applications being handled by the lender.

  • What are the mortgage interest and refinance rates in Lexington?

    As of August 2023, the interest rates and APRs for various fixed-rate mortgages in Lexington are as follows: For a 30-year mortgage, the interest rate is 7.191% and the APR is 7.272%. If a homeowner opts for a 20-year mortgage, the interest rate stands at 7.066% with an APR of 7.168%. Moreover, a 15-year mortgage bears an interest rate of 6.093% along with an APR of 6.255%.

  • 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.