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Best Mortgage Refinance Companies in Southfield, MI

Our Recommended Top 13

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 Southfield 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.

51Reviewed

35Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

25925 Telegraph Rd Suite 410, Southfield, MI 48033
WebsiteLicense: 2275128

Expertise.com Rating

Review Sources

Google
5.0 (163)

Why choose this provider?

Nations Mortgage is a home-buying and refinancing company providing multiple mortgage loan options to the citizens of Southfield. The business assists clients with a variety of mortgage rate options, including graduated payments, interest-only loans, fixed rates, and adjustable rates. Additionally, the company provides various loan program choices tailored to different needs, such as jumbo loans, veteran affairs, USDA Rural Development, and Federal Housing Administration loans. Nations Mortgage comprises a team of mortgage originators who educate clients about the loan process.

  • Reverse Mortgages

25800 Northwestern Highway Suite 850, Southfield, MI 48075
WebsiteLicense: 1809591

Expertise.com Rating

Review Sources

Google
4.9 (108)
Facebook
5.0 (10)

Why choose this provider?

Assure Loans collaborates with over 15 wholesale lenders to provide Southfield residents with a variety of loan programs to achieve their purchasing and refinancing goals. The company offers FHA loans for clients with lower credit scores, VA plans for military veterans, and USDA loans with lower down payment options for individuals in rural areas. Founder Peter Elia has been in the industry for over six years and has helped over a thousand clients look for a program that suits their needs.

  • Reverse Mortgages

28446 Franklin Rd, Southfield, MI 48034
WebsiteLicense: 2261660

Expertise.com Rating

Review Sources

Google
5.0 (60)

Why choose this provider?

Mortgage One Funding is a Southfield-based broker that implements refinancing solutions in the metro. The company delivers refinancing programs such as streamline or cash-out loans sponsored by VA and FHA, as well as conventional or jumbo mortgages. It performs home financing solutions for borrowers with low FICO scores, individuals with bad credit history, and those looking for lower interest rates. Its team of professionals assesses borrowers' individual goals, recommends options, and guides clients in choosing products suited to their situation.

  • New Construction

30840 Northwestern Hwy., Farmington Hills, MI 48334
WebsiteLicense: 2060573

Expertise.com Rating

Review Sources

Google
4.7 (30)
Facebook
5.0 (4)

Why choose this provider?

Modern Mortgage Financial is a residential broker that offers refinancing solutions to locals in the Southfield metro. The company helps borrowers replace their existing mortgages with new ones to shorten terms, secure lower payments, and get rid of PMI. Its team of professionals assists in choosing from different refinancing options, such as rate-and-term change, cash out, and cash in. Since 2020, the team has been serving a diverse clientele, from first-time homebuyers and self-employed borrowers to high-net-worth individuals.

  • New Construction

29777 Telegraph Road, Southfield, MI 48034
WebsiteLicense: 1949548

Expertise.com Rating

Review Sources

Google
5.0 (66)
Facebook
5.0 (5)

Why choose this provider?

SafeWay Lending offers mortgage services to home buyers and homeowners across Southfield and the neighboring communities. Its team guides individuals in resolving their mortgage refinancing or loan needs by helping them prepare documents and match loans that fit their goals. It caters to clients with over 580 credit scores wishing to purchase homes with low down payments using FHA loan programs. The company also allows clients to apply for 15 or 30 years fixed-rate loans.

  • New Construction

17515 W Nine Mile Rd Suite 520, Southfield, MI 48075
WebsiteLicense: 2320968

Expertise.com Rating

Review Sources

Google
5.0 (42)
Facebook
5.0 (7)

Why choose this provider?

Mortgage Capital comprises loan officers who strive to help clients in Southfield obtain their dream homes through refinancing services. The firm has FHA, VA, USDA, and jumbo loans with fixed-rate and adjustable-rate mortgages and low down payment purchase options. In addition, it has loan programs for customers who plan to purchase vacation and investment properties. Amaan Siddiqui, the founder, started the company in 2021. He has over 10 years of experience in the financial services industry.

  • New Construction
  • Reverse Mortgages

300 Galleria Officentre, Suite 101, Southfield, MI 48034
WebsiteLicense: 2220134

Expertise.com Rating

Review Sources

Google
4.7 (67)

Why choose this provider?

United Mortgage Lending provides financial solutions to customers in the Southfield community. It offers mortgage refinancing solutions to help clients meet their financial goals through shorter loan terms and lower monthly payments. It also assists in accessing cash out from equity for debt consolidation and home renovation. Additionally, it provides conforming and government loan programs with fixed and adjustable rates. United Mortgage Lending is composed of an in-house team that manages the mortgage process from beginning to end.

  • New Construction

29201 Telegraph Rd., Ste 611, Southfield, MI 48034
WebsiteLicense: 133494

Expertise.com Rating

Review Sources

Google
5.0 (111)
Facebook
5.0 (85)
Yelp
5.0 (6)

Why choose this provider?

Mortgage Resource Plus, Inc., caters to individuals in the Southfield metro. It offers refinancing services—tailoring mortgages that fit a person’s financial needs—through a team of professionals that share more than 140 years of combined experience. Mortgage Resource Plus has been in operation since 1985 and provides conventional and FHA loan programs, as well as debt consolidation. It also assists clients who are looking to save on taxes. Renee Fortin, one of its mortgage consultants, holds a degree in Finance.

  • New Construction
  • Reverse Mortgages

100 Galleria Officentre, Southfield, MI 48034
WebsiteLicense: 1916307

Expertise.com Rating

Review Sources

Google
5.0 (122)

Why choose this provider?

Mortgage Express is a Southfield-headquartered service provider catering to the refinancing goals of borrowers in the metro. Backed by over 10 years of combined experience, its team assists homeowners in refinancing to remove PMI, cash out, or lower monthly payments. The staff provides estimates and quotes, delivers strategies to simplify the loan application process, and guides clients in every step, starting from consultation to closing. To date, the company has helped more than 1,000 families and closed over $150 million worth of loans.

  • New Construction

29500 Telegraph Rd, Ste 200,, Southfield, MI 48034
WebsiteLicense: 1475017

Expertise.com Rating

Review Sources

Google
5.0 (13)

Why choose this provider?

Prime Mortgage Funding, Inc., is a Berkley-based business that works with people throughout the Southfield metro. It provides cash-out refinance programs for homeowners looking to fund their home improvement projects or consolidate their debts. The company provides credit assistance services to help clients manage their debt. It also offers a variety of mortgage programs for aspiring homeowners, ranging from VA and FHA loans to conventional mortgages. Prime Mortgage Funding supports the non-profit organization Habitat for Humanity.

  • New Construction

29777 Telegraph Rd, Ste 3090, Southfield, MI 48034
WebsiteLicense: 1699966

Expertise.com Rating

Review Sources

Google
4.7 (451)
Yelp
2.5 (3)

Why choose this provider?

Central Mortgage Funding LLC helps Southfield residents achieve their homeownership goals. It assists homeowners in reducing their interest rates or changing the length of their mortgage loans through refinancing. Its loan officers provide home financing options such as jumbo, conventional, VA, and FHA loans. The company offers mortgage products and services that match the individual needs and financial resources of its clients. Central Mortgage Funding has online mortgage calculators to help borrowers project their potential expenses.

  • Reverse Mortgages

1945 Southfield Rd., Birmingham, MI 48009
WebsiteLicense: 134525

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Century Mortgage Lending has been assisting residents in Southfield and nearby locations for more than two decades. It caters to homeowners looking to refinance existing loans. The brokerage works with multiple lenders, allowing it to provide clients with various loan options. It offers financing assistance to individuals planning to purchase investment properties and second homes. HARP programs and interest-only loans are also available. Century Mortgage Lending has served more than 5,000 clients throughout the state and across Colorado.

  • New Construction
  • Reverse Mortgages

18000 W 9 Mile Rd., Suite 800, Southfield, MI 48075
WebsiteLicense: 2046157

Expertise.com Rating

Review Sources

Google
4.9 (68)
Facebook
5.0 (7)

Why choose this provider?

Estate Financial is an independent mortgage company serving individuals and families in Southfield and the surrounding areas since 2020. It provides cash-out refinance programs and refinancing options for lower interest rates or monthly payments. It also helps clients change the existing terms of their mortgage. In addition, the company assists with an assortment of home purchase loans. Estate Financial is a member of the Brokers Are Better Network and the Association of Independent Mortgage Experts.

  • New Construction
  • Reverse Mortgages

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Nations Mortgage
25925 Telegraph Rd Suite 410, Southfield, MI 48033
Assure Loans
25800 Northwestern Highway Suite 850, Southfield, MI 48075
Mortgage One Funding
28446 Franklin Rd, Southfield, MI 48034
Modern Mortgage Financial
30840 Northwestern Hwy., Farmington Hills, MI 48334
SafeWay Lending
29777 Telegraph Road, Southfield, MI 48034
Mortgage Capital
17515 W Nine Mile Rd Suite 520, Southfield, MI 48075
United Mortgage Lending
300 Galleria Officentre, Suite 101, Southfield, MI 48034
Mortgage Resource Plus, Inc.
29201 Telegraph Rd., Ste 611, Southfield, MI 48034
Mortgage Express
100 Galleria Officentre, Southfield, MI 48034
Prime Mortgage Funding, Inc
29500 Telegraph Rd, Ste 200,, Southfield, MI 48034
Central Mortgage Funding LLC
29777 Telegraph Rd, Ste 3090, Southfield, MI 48034
Century Mortgage Lending
1945 Southfield Rd., Birmingham, MI 48009
Estate Financial
18000 W 9 Mile Rd., Suite 800, Southfield, MI 48075

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.
  • Is there a waiting period when refinancing a home in Southfield?

    In most situations, there is no waiting period when refinancing a home into a lower-rate loan in Southfield, but other refinance options like USDA and cash-out refinance have a waiting period of at least six months. Homeowners may have to wait for at least 210 days if they choose a VA or FHA Streamline refinance.

  • How much equity do you need to refinance your mortgage in Southfield?

    Generally, you must have at least 20% equity in your home to refinance your mortgage in Southfield. A 20% home equity is also necessary if you choose a cash-out refinance or when you want to get rid of private mortgage insurance. With a good credit score, you may still refinance your mortgage even if your home equity is less than 20%. However, you will need mortgage insurance or opt for a higher interest rate.

  • Can you refinance a mortgage with the same lender in Southfield?

    You can typically refinance a mortgage with the same lender in Southfield, and in most instances, it will be easy to apply for a mortgage refinance with the same lender as you already have some information on file. Additionally, you are familiar with the payment options or processes when paying your mortgage.

  • What can disqualify you from mortgage refinancing in Southfield?

    Low credit scores and too much debt are the common reasons homeowners can be disqualified from mortgage refinancing in Southfield. Additionally, you may not qualify to refinance your mortgage if your debt-to-income ratio exceeds the maximum percentage that a lender allows. You may need to provide your lender with your proof of income or documents, such as pay stubs and tax returns, to qualify for a refinance.

  • 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.