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Best Mortgage Refinance Companies in Lake Charles, LA

Our Recommended Top 5

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 Lake Charles 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.

44Reviewed

28Curated

5Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

4216 Lake Street, Lake Charles, LA 70605
WebsiteLicense: 92001

Expertise.com Rating

Review Sources

Google
5.0 (144)
Facebook
5.0 (47)

Why choose this provider?

Cody Heard is a branch manager of Premier Nationwide Lending and serves the refinancing goals of residents in Lake Charles. He and his team advise mortgage borrowers on when to refinance and how to determine the refinance program that best suits their needs. To ensure smooth loan processing and a higher chance of approval, they guide clients in improving their financial picture and preparing documents. Heard has been in the loan origination industry since 2012 and has a degree in finance.

  • New Construction
  • Reverse Mortgages

129 W College St., Lake Charles, LA 70605
WebsiteLicense: 1879766

Expertise.com Rating

Why choose this provider?

Meghan Peterson is a NOLA Lending Group loan officer who caters to individuals and families in Lake Charles and nearby areas. She offers home mortgage refinancing solutions that enable borrowers to take advantage of shorter terms and lower monthly payments. Through NOLA Lending Group, she provides loans for military personnel, veterans, first-time homebuyers, and investors. Peterson started a career in banking before becoming a loan officer, and she aims to streamline the homebuying process, from application to closing.

  • Reverse Mortgages

3909 Ambassador Caffery Parkway, Lake Charles, LA 70503
WebsiteLicense: 110317

Expertise.com Rating

Review Sources

Facebook
4.9 (52)
Google
5.0 (2)

Why choose this provider?

Family First Mortgage caters to residents of Lake Charles who need new loans or refinancing for excessively burdensome debts. The options on hand include USDA programs for buyers of rural assets and VA-backed choices tailored to military service members. The team also offers conventional and FHA mortgages. Family First Mortgage operates across two states and was founded in 2004 by mortgage banker Chris Chustz. He has a degree in finance and is a military veteran.

  • Reverse Mortgages

791 Bayou Pines E Unit #5, Lake Charles, LA 70605
WebsiteLicense: 1845349

Expertise.com Rating

Review Sources

Google
4.7 (23)

Why choose this provider?

Bayou Mortgage caters to individuals and families in Lake Charles and nearby communities. It advises borrowers on their home buying and refinancing plans, helping them understand various mortgage-related factors like down payments and credit scores. Partnering with more than 100 lenders, its loan officers offer a variety of loan programs for clients' home purchasing goals, such as USDA, conventional, FHA, and VA mortgages. They also provide loans for people planning to construct or renovate properties.

  • New Construction

1918 Southwood Dr, Lake Charles, LA 70605
WebsiteLicense: 65028

Expertise.com Rating

Review Sources

Facebook
5.0 (279)
Google
5.0 (205)
Yelp
5.0 (1)

Why choose this provider?

Since 1999, Pemberton Mortgage Group has been working with Lake Charles clients. The company offers refinancing assistance to homeowners. It provides solutions like the Home Affordable Refinance Program 2.0., a way for borrowers that owe more than their property value to modify their mortgage terms. The company also provides fixed-rate programs and FHA loans for clients aiming to fulfill their goal of homeownership. One of its loan originators, Benjamin LeBlanc, has more than four years of leadership experience in the finance industry.

  • Commercial Loans

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Cody Heard
4216 Lake Street, Lake Charles, LA 70605
Meghan Peterson
129 W College St., Lake Charles, LA 70605
Family First Mortgage
3909 Ambassador Caffery Parkway, Lake Charles, LA 70503
Bayou Mortgage
791 Bayou Pines E Unit #5, Lake Charles, LA 70605
Pemberton Mortgage Group
1918 Southwood Dr, Lake Charles, LA 70605

Lake Charles, LA Mortgage Refinance FAQs

  • When should borrowers in Lake Charles consider credit qualifying refinance?

    Borrowers in Lake Charles should use or consider credit qualifying refinance if they are removing an original borrower and the due-on-sale clause would then apply as a result. Also, if there are better rates available, a credit qualifying refinance may be advisable. Another reason to consider this arrangement is if there is a change in mortgage term and the mortgage payment will increase by more than 20%.

  • When can you apply for an FHA streamline refinance in Lake Charles?

    You can apply for an FHA streamline refinance in Lake Charles if you have an existing FHA loan and you want to refinance. You can use this type of loan if you have poor credit when you purchased your property and you do not qualify for a conventional loan but want to take advantage of lower interest rates.

  • What refinancing options do borrowers have in Lake Charles?

    Individuals who want to apply for refinancing in Lake Charles may choose between fixed-rate and adjustable-rate mortgage loans. In fixed-rate loans, borrowers can pay their mortgages for 15, 20, or 30 years. They can spread their payments to lower their monthly principal and interest payments. In adjustable-rate mortgages, they can take advantage of lower interest rates for the first five to seven years of their term.

  • Is it important to evaluate your financial status before refinancing a mortgage in Lake Charles?

    Yes. You must evaluate your financial status first before refinancing your mortgage in Lake Charles because you may increase your overall mortgage debts. You should keep in mind that refinancing is used to consolidate high-interest debts. Consolidating debts with not enough net worth may lead to greater financial liabilities.

  • In Lake Charles, what qualifications should you meet to become eligible for a cash-out refinance?

    To become eligible for a cash-out refinance in Lake Charles, you must have a 15% equity in your home if you plan to refinance with an FHA loan and 15 to 20% equity in your home if you want to apply for a refinance with a conventional loan. Your credit score must be at least 620, and your debt-to-ratio must be 50% or lower.